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markodochartaigh

(4,298 posts)
1. Also,
Sat Oct 11, 2025, 11:00 AM
Saturday

Trump is attacking the US government by going after the jobs of millions of government employees. Those employees would have spent most of their paychecks back into the economy. And some of the employees at the businesses supported by those government employees will also lose their jobs since those businesses will have less money. The knock-on effects of the mass job losses, and also of the general hesitation to spend money when unemployment is rising, reduce the velocity of money. This is an indicator of an economy headed towards recession.

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