US Shifts from Deficit Spending to Tax-Based Financing Post-War

US Shifts from Deficit Spending to Tax-Based Financing Post-War

We discuss how the United States changed its approach to financing after the war, moving away from deficit spending which had led to a significant increase in the GDP ratio during the war. Instead, the US shifted towards greater reliance on tax-based financing, which had a significant impact on the economy as inflation rates also increased due to the previous deficit spending approach.

https://youtube.com/shorts/3gClCQq5Aqs?si=Qg6mUIDYQPomEtd5

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