Quote:
Originally Posted by PhilT2
Depends on what you call normal. Unemployment predicted to hit 9% even after the lockdown is lifted. How long it stays that high is up to the govt; if they throw enough money at the problem it will go away. Big tax cuts and lots of govt spending will always produce a boom. Produces lots of govt debt too but just pretend that doesn't matter. Worked for DJT.
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You missed the secret sauce
Cuts to excessive regulations. Was watching a conspiracy theory on how germany hid all this gold and used it to save their economy after ww2.
No they didn't, simply they opened their market right up to competition, let the market go nuts. Oddly, those crazy Germans called it the social free market.
This led to Mercedes entering F1 by 1954 at the French GP where they ran 1-2 first race back.
Fangio though.
If the gov predicts 9% well automatically that's optimistic, be 12% or higher