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Thought experiment #3

Discussion in 'Political Debate & Discussion' started by billwald, Jul 22, 2012.

  1. billwald

    billwald New Member

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    Right wing Republicans and some Libertarians like to say that "a rising tide raises all boats." Say Romney wins and the rising tide doubles all cash income. The median income of every quartile doubles due to increased economic activity. Exactly what else would change?

    Foreign exchange rate? What else?
     
  2. targus

    targus New Member

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    For one thing anyone currently holding a fixed monthly obligation like a mortgage or car payment will have more cash to pay it.
     
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