Economist

Richard Iley

Macroeconomics

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<p><strong>Key to understanding the US economy's historically muted growth performance so far this decade and the extent to which monetary policy has, in turn, been unhelpfully over-burdened is a proper appreciation of the sustained headwinds to economic growth from fiscal restraint.</strong></p>
<p><strong>As highlighted in previous pieces ( <a href="https://www.smartkarma.com/insights/us-ain-t-nuthin-but-a-g-thang" target="_blank" data-smartkarma-citation="insights:11913">US: Ain’t Nuthin’ but a ‘G’ Thang</a>, <a href="https://www.smartkarma.com/insights/chart-of-the-day-dammit-janet-i-love-you-part-2" target="_blank" data-smartkarma-citation="insights:15301">Chart of the Day: Dammit Janet! I Love You - Part 2</a>), we would adduce three key statistics: the 5.5% of GDP tightening in the cyclically-adjusted budget</strong>…</p>
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Key to understanding the US economy's historically muted growth performance so far this decade and the extent to which monetary policy has, in turn, been unhelpfully over-burdened is a proper appreciation of the sustained headwinds to economic growth from fiscal restraint.
As highlighted in previous pieces ( US: Ain’t Nuthin’ but a ‘G’ Thang, Chart of the Day: Dammit Janet! I Love You - Part 2), we would adduce three key statistics: the 5.5% of GDP tightening in the cyclically-adjusted budget…


Chart of the Day: US Bridges Are Falling Down