TRUDI MAKHAYA: Clinton frontrunner of structural reforms
HANK Paulson, former US treasury secretary and before that, Goldman Sachs banker, is one of a growing number of prominent Republicans who will be voting for Hillary Clinton in the upcoming US election.It’s about the economics. He believes that Clinton has the experience and temperament to get the American economy back on track to operate at its full potential.In an interview with CNBC last week, he pointed to the need for difficult structural reforms that, in his mind, have been evaded by the US government so far. Instead, economic policy since the great recession has relied heavily on easy money as interest rates hit historic lows and liquidity was pumped into the economy. There has also been some effort to use fiscal policy to stimulate the economy through government expenditure.However, like many others, he thinks the real breakthrough requires the implementation of structural reforms. And thus it seems that across the globe, the consensus is that a reboot of economies is require...
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