This long-term economic trend should greatly trouble Washington.
Every "tightening" cycle in the Fed’s star-crossed history has been followed by an economic downturn (recession) or even a depression.
Both history and logic tell us that such protectionist measures make little sense.
Trump seems to be circling the wagons and eliminating alternative points of view among his closest advisors.
Bailouts simply paper over Obamacare’s cost problems.
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