Global fiscal policies are ludicrous: US running 7% budget deficit at full employment with all-time-high asset prices and capital gains should be high; unemployment is in the 4s because you cannot compress it lower; what will the budget deficit be in the next recession?
causalpending
Speaker
Louis GavelkalEvidence Quote
“fiscal policies around the world are ludicrous...US is running budget deficits of 7% of GDP at a time when asset prices are making all-time high”
Created: 8/12/2026, 6:20:13 PM
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