Senator @SenTinaSmith is wrong. Spending does not drive economic growth. Economic growth, which results from savings, investment, and production, drives consumption. Too bad neither Powell nor @stevenmnuchin1 understands economics either or they would have corrected her mistake.

Senator @SenTinaSmith is wrong. Spending does not drive economic growth. Economic growth, which results from savings, investment, and production, drives consumption. Too bad neither Powell nor @stevenmnuchin1 understands economics either or they would have corrected her mistake.

Source

Tagged : / / / / / / / / / / /
Bitcoin (BTC) $ 26,573.12 0.22%
Ethereum (ETH) $ 1,592.09 0.26%
Litecoin (LTC) $ 64.83 0.30%
Bitcoin Cash (BCH) $ 209.07 0.48%