high U.S. debt rules out further loans from other countries. Congress is more likely to curtail benefits than raise taxes. That would primarily affect retirees younger than 70. It might also hit those who are high income and not as dependent on Social Security payments to fund their ...
Ronald Reagan:Ronald Reagan was elected president of the United States and decided to try some changes to how the US government interacts with the national economy. Although previous administrations had run deficits, especially during wars, they grew much larger under Reagan....
2.How did the civil war affect the American economy? After the civil war , the large southern cotton plantations became much less profitable . northern industries , which had expanded rapidly because of the demands of the war ,surged ahead. 3.Why does America try to reduce trade barriers?
ALEX CHADWICK
How does money supply affect inflation? Explain with examples. Explain, using a diagram demand-side unemployment and supply-side unemployment. What are the effects of expansionary fiscal policy on the economy? On a graph, how did Keynes believe the problem of involuntary unemployment ...
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We develop aNegative Institutional Power Theory(NIPT) which suggests that,ceteris paribus, different endowments of negative power, i.e., states’ opportunities to avoid undesired institutional outcomes, affect how radically they contest the institution. Our key claim is that the more limited (extensive...
I thought Ronald Reagan was too old (69), too conservative, and too lacking in policy skills to beat Carter in the 1980 presidential election, and I did not plan for a post–January 20, 1981, forced return to private-sector life. Bad prediction. (I am now older than Reagan was then—...
According to theWorld Bank, during the period 1981 to 2000, which encompassed both Reagan and Clinton, the tax revenue as a percentage of U.S. GDP hit a low of 9.9% and a high of 12.9%.14This may indicate that the best way to jump-start revenues is to grow the economy through stimu...
The idea of a trade agreement actually goes back to Ronald Reagan's administration. While president, Reagan made good on a campaign promise to open up trade within North America by signing the Trade and Tariff Act in 1984.3Four years later, Reagan and the Canadian prime minister signed the Ca...