Economics Thread

Article I, Section 8, of the Constitution specifies that “The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Ex-cises.” The Framers recognized the unique importance of this taxing power—a power which “very clear[ly]” includes the power to impose tariffs. Gibbons v. Ogden, 9 Wheat. 1, 201. And they gave Congress “alone . . . access to the pockets of the people.” The Federalist No. 48, p. 310 (J. Madison). The Framers did not vest any part of the taxing to the Executive”
 
mqt said:
If the deficit continues to rise regardless, seems like a rather insignificant metric to tout in a weak economy.
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Real wages are increasing at incredible rates - I've always 'mocked' GDP as a stupid indicator of the health of a country.

Construction spending is spiking - Industrial production is spiking - We are trading less with the CCP.

Its a golden age.
 
thethe said:
Dominating the western hemisphere won't be cheap

But I'll keep keeping score to see how many wars we have with Iran.
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If the number remains at 1, I will eat the biggest heaping of crow you can serve on a plate and do it gladly

A protracted War with Iran would be a disaster
 
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