New statistics released by the Congressional Budget Office projected record breaking GDP growth throughout 2018; smashing expectations and signaling a robust US recovery under President Trump and the GOP-controlled Congress.
We are discussing this on another thread. A growing GDP is a good thing, but as I am an economic conservative I am wary when GDP (spending) grows by reduced saving and increased borrowing,
especially if/when that reduced saving and increased borrowing stems not from the free market but from gov’t or central bank intervention.
I am wary.
The evidence suggests that is probably what we are seeing here.
