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Studies have also shown that the low economic growth may increase the probability of political instability. In fact democracies have a negative but weak impact on growth. but we can't miss addressing that major instability on involving dramatical political changes can be harmful for economic growth. [20]
In dollar terms, federal spending was actually higher in 2009 than in 2014, despite a historical trend of a roughly 5% annual increase. This reduced real GDP growth by approximately 0.5% per quarter on average between Q3 2010 and Q2 2014. [89] Both households and government practicing austerity at the same time was a recipe for a slow recovery. [2]
The spending sequester in the Budget Control Act of 2011 (BCA) essentially freezes non-defense discretionary spending in current dollar terms for the 2013–2022 period, limiting growth to approximately 1.5% per year (about the rate of inflation) versus approximately 6% over the past decade. CBO estimated spending under the sequester from 2012 ...
The recent Consumer Price Index (CPI) data from the Bureau of Labor Statistics found U.S. inflation accelerating in January at its highest rate in 40 years, with prices rising across a wide range ...
Daily Journal Chairman and Berkshire Hathaway Vice Chairman Charlie Munger weighs in on inflation and the dangers that it poses to democracy.
Unemployment rate at end of presidency Change in unemployment rate during presidency (percentage points) Harry S. Truman (data available for 1948–1953 only) Democratic: 1945–1953 3.4% (for January 1948) 2.9% −0.5 (from January 1948 to January 1953) Dwight D. Eisenhower: Republican: 1953–1961 2.9% 6.6% +3.7 John F. Kennedy: Democratic ...
In an exclusive interview Wednesday with Yahoo Finance Editor-in-Chief Andy Serwer, legendary investor Charlie Munger weighed in on the high stakes of soaring inflation in the United States.
Throughout that year a number of fiscal measures were introduced including a £145 tax cut for basic rate (below £34,800 pa earnings) tax payers, a temporary 2.5% cut in Value Added Tax (Sales Tax), £3 billion worth of investment spending brought forward from 2010 and a variety of other measures such as a £20 billion Small Enterprise Loan ...