This week President Biden will release his proposed budget for the next fiscal year. Next week Britain will do the same. The Conservative Party rules in London and the far-left Democratic Party holds the White House and Senate here.
Yet when it comes to economics and energy—as this episode of What’s Ahead makes clear—both governments are dunces, inflicting unnecessary harm on themselves and the global economy. You’d think that with 3,000 years of experience to draw upon, policymakers would have an idea of what propels economies forward and what holds them back.
Think again.
Source: https://www.forbes.com/sites/steveforbes/2023/03/07/how-the-us-and-uk-are-about-to-kick-their-economies-in-the-stomach/