Economic policy refers to the actions and strategies implemented by a government or authority to manage and influence its economy. This encompasses a wide range of measures aimed at achieving specific economic objectives, including growth, stability, and equity. Economic policy can be divided into two main categories: fiscal policy, which involves government spending and taxation decisions, and monetary policy, which relates to the management of the money supply and interest rates by central banks. Additionally, economic policies may include regulations, trade policies, and incentives designed to impact various sectors of the economy. The overarching goal of economic policy is to create a favorable economic environment that fosters prosperity, reduces unemployment, and controls inflation. These policies can have significant implications for businesses, consumers, and the overall economic landscape of a nation.
A global trade showdown reveals the vulnerabilities of America's ultra-wealthy reliant on international markets. Countries could retaliate against trade wars by imposing taxes on billionaires to secure market fairness. The…