Clintonomics
Categories: Econ, Bonds, International
Clintonomics is the fiscal policy (government collecting and spending taxes) and monetary policy (the Federal Reserve, or “the Fed,” controlling interest rates and the money supply to keep things stable) that Bill Clinton brought to the oval office from 1993 to 2001.
Was it successful? If you consider helping the U.S. recover from the Great Recession of 1991, then yeah, it was pretty a-okay.
Clinton came in and increased taxes on the rich, and cut federal government budgets. He was keen on reducing the federal deficit, which was hurting Americans indirectly. With the deficit slowly deflating, the Fed was able to keep interest rates low, which boosted business investing (yeahhhh low-interest loans), the stock market, and the overall U.S. economy.
While his bold moves were unpopular at the time, it looks like they paid off, at least for awhile (2008 would like to have its mojo back).