Government and Central Bank policies of lower interest rates, higher taxes, wealth redistribution, and stimulus spending to create supposed prosperity or alleviate economic ills without the realization of any negative effects occurring as a result of their economic actions in the economy.
The recent Inflation Reduction Act is Candyland economics because it spends more money and increases taxes, instead of addressing the issue of inflation which is a monetary problem.
by jondich September 18, 2022