Trump's agenda will make Treasury Secretary's job tough, says Evercore's Roger Altman

[@headspaceandtiming2114]

Trumps biggest promise is change. It won’t be easy and it will probably be messy. Bottom line. We need the change. Our country’s future depends on it. Grow a back bone people. We will prevail and be better off in the end.

[@ssuwandi3240]

Translation - He wants taxpayers-funded zero interest Subsidies and high properties values to support shaky China and it's renewable Agenda!

[@damonkatos4271]

When people start losing their jobs the political winds will shift mightily.

[@royprovins7037]

@@damonkatos4271 Get rid of the illegals and nobody will lose their job

[@jacobwatson1818]

What change is needed?

[@guitarplaya903]

Facts Trump will fix it all 🇺🇸

[@jaykraft9523]

That's quite an indictment of Powell. I can't say I've seen it. Up until September, it was fighting inflation by raising rates. No politics involved. In September a lot of worry on Sahm rule triggering, jobless claims and a backdrop of Inflation 90% down from it's high, fairly close to 2%. The Fed's mandate is inflation and unemployment, so they shifted from one driver to the other. History will probably say the Fed went early but I'm having a harder time teasing out politics from the Fed's course than Altman.

[@Rayjack-m9o]

No more massive Deficit Spending from either political Party borrowing from the future to insure the wealth gap widens and the Rich get Richer.

[@alexandru5369]

agree it's insane how much the U.S. is paying on their interest rate due too how high the debt is

[@jcf2322]

Um, okay, well, we take in about 70% of what we spend in tax revenue. So if we're no longer deficit spending, it means you either have to raise revenue to cover the difference, or cut spending to match expenditures to revenue. Social Security, Medicare, Defense, and Interest payments already takes up all of that 70%, and Trump is planning on spending more money, so how do you make up the difference? It's possible that cutting regulations will increase domestic production, and maybe tariffs will encourage domestic production as well, which will put some money back in to, maybe, make up some of the difference, but even by his own estimates it won't. So how do you do it?

[@harrychu650]

Our current Treasury Secretary isn't fit to operate a motor vehicle yet they put her in charge of the US Economy. Anyone will be an improvement.

[@shermanculbertson6244]

That's ridiculous.

[@royprovins7037]

@@shermanculbertson6244 Zero interest rates forever. She was a disaster

[@jacobwatson1818]

Better economy under Biden than Trump, she did a great job.

[@TanaBarajas-s7e]

INFTY3 Token's community is loaded with ardent fans. Love the zeal!

[@Figuring477]

Trump is a moron

[@LasandraWellman]

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[@EllanHargis]

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[@deanfischer260]

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[@ThomasLucas-v1q]

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[@deanfischer260]

She mostly interacts on Telegrams, using the user-name,

[@deanfischer260]

@Veronicatom56 ??...that it ..

[@BlackChully-x4f]

She's the best honestly I'm also a beneficiary. This inflation has taught people the importance of multiples income investment

[@deanfischer260]

If you don't find a means of multiplying your income you will wake up one day to realize you didn't plan..

[@christophergraves6725]

I can't believe anyone with any knowledge of economics would say that the labor market has anything in the world to do with inflation. As Milton Friedman and Anna Schwartz proved in their study of inflation in the U.S., the sole cause of inflation is excessive growth in the money supply. Wages tend to lag behind inflation. So, deporting immigrants who have no right to be in the U.S. would raise wages for American workers, increase their income and stimulate the economy. A tighter labor market would NOT have any effect on inflation at all. ZERO. Globalization including mass immigration has gutted the middle class. People voted for Trump in order to protect American jobs and raise Americans' wages and improve their working conditions. The same is so of tariffs. Tariffs would increase the prices of some goods but not all goods unless the FED increased the money supply. David Ricardo noted that free trade is not advisable if capital or labor or both are highly mobile for the reasons that we see today. Selective tariffs imposed on goods imported into the U.S. from nations that have no real comparative or absolute advantage but simply due to lower costs from cheap labor after outsourcing of American jobs to their nation would help stop this problem along with the controls on immigration. We should have free trade only with nations similarly situated as our own such as with Europe and Japan or with Third World nations with real absolute or comparative advantages in order to shut down outsourcing. Yes, the economy will not grow as fast with higher wages and better working conditions, but more Americans will be made better off in their lives by these restrictions plus the influx of non-Europeans into America is destroying social trust and our distinctive culture.

[@jacobwatson1818]

Destroying our culture, lots of words to use to hide your real point. I bet you also think lowering corporate taxes will help with innovation and job growth.

[@christophergraves6725]

@@jacobwatson1818 I have no idea what your point is. I think my points are all clear. If you have a particular criticism of the Quantity Theory of Money or Ricardo's noting that free trade has limits or the harm done by mass immigration that not only lowers wages of native born workers and increases linguistic, religious, racial and cultural diversity that numerous academic studies have shown to diminish social trust then please supply those specific criticisms.

[@redrustler1]

The connection: HIs point is that if there are fewer workers to fill jobs, then employers must pay more to fill vacancies. This is called a labor shortage. If employers must pay more to fill those vacancies, then those employers will charge more for their goods and services. Inflation. If there are nine million illegals working, and every one of those nine million was deported, then those are nine million jobs which must be filled with an inadequate supply of labor. At the current unemployment rate, we are essentially at full employment - meaning anyone who wants a job can find a job. The same reason why the Chairman of the Fed. testified to Congress that studies have shown that immigration is deflationary in the long term.

[@VONWorth]

The self-governing structure of INFTY3 Token is extraordinary. It is a sign with independence.