The so-called MAC may not address the chronically moribund non-defense capital goods outlays. Unless US ramps up non-defense capital goods outlays, the supply side constraint induced inflation will likely persist.
Do you worry about the impact on Treasury's ability to finance our deficit or the use of the dollar as the world's currency? I assume it could be modulated by the size of the tax?
The so-called MAC may not address the chronically moribund non-defense capital goods outlays. Unless US ramps up non-defense capital goods outlays, the supply side constraint induced inflation will likely persist.
Do you worry about the impact on Treasury's ability to finance our deficit or the use of the dollar as the world's currency? I assume it could be modulated by the size of the tax?