The Gross Domestic Product announcement yesterday puts economic growth in 2018 at 2.9%. We hear today that there is a tight labor market. Unfortunately, one point of agreement in the political class appears to be a federal budget headed toward the $5 trillion mark. The more federal spending, the more the economy’s most productive resource—its labor force—is neutralized in dead-end work. But perhaps the moment is most apt for a cut in spending, which in being any cut at all would be historic.

Source: Forbes March 01, 2019 12:45 UTC