After 5,20 Bill says that the world financial community does not want the US to became a nanny state like Sweden. According to OECD Sweden has a strong fiscal position, a strong growth 5,3 % last Q, trade surplus higher standard of living than the US. They lend money to the US and their debt is low. lower unemployment etc.
This nanny state has universial healthcare high taxes for the rich but they beat the US in every measurable economic way. So Bill is wrong as usual.
The economy can stimulate itself, it doesn't need government help. Stimulus cannot work because the there is no new money in the system, someone has to buy those government debt bonds, and its usually the banks
After 5,20 Bill says that the world financial community does not want the US to became a nanny state like Sweden.
According to OECD Sweden has a strong fiscal position, a strong growth 5,3 %
last Q, trade surplus higher standard of living than the US. They lend money to the US and their debt is low. lower unemployment etc.
This nanny state has universial healthcare high taxes for the rich but they beat the US in every measurable economic way. So Bill is wrong as usual.
The economy can stimulate itself, it doesn't need government help. Stimulus cannot work because the there is no new money in the system, someone has to buy those government debt bonds, and its usually the banks