Politicians run large deficits before elections knowing they will pass the bill to the next administration, and the next administration can then pose as the solution by increasing spending further (a Keynesian playbook).
causalpending
Speaker
Daniel LayaEvidence Quote
“if what happens in the market right now had happened under a Democrat or a Social Democrat administration, what do you do? You increase government spending, increase debt, and increase taxes. you see is that you created the problem and then you present yourself as the solution.”
Source
Inflation Is Not a Mistake – It’s a Strategy, 2025 Crash Explained | Daniel Lacalle— Soar FinanciallyCreated: 8/11/2026, 7:10:29 AM
My Notes
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