My sense is that it's much harder than many people think to achieve a soft landing b/ there are all these mechanisms that kick in. At a certain point, consumers run out of savings. Then you have a Wile E. Coyote kind of moment where consumption falls off.
Conversation
Replying to
Raise taxes on the rich and raise the minimum wage to 20 an hr. Kill private health insurance and replace it with Medicare for all.
Put money in the average persons pocket and take it away for the “job creators” who buy back stock, pay themselves huge bonuses, and buy up assets.
8
1
8
Show replies
Replying to
Appreciate you and this reasonable approach. What happened to Yellen? Such a sad fall into a political phony
1
1
Show replies
Replying to
With such levels of employment, how do you view Consumption falling off suddenly?
1
1
Replying to
The analogy to a delayed flight seems preposterous: it’s impossible to unwind time. On countless occasions economists’ and political experts’ estimates are (positively) crushed by the enterprises driven by private individuals who are participants (as opposed to mere observers)
1
Replying to
Larry: "Wow, managing this recession we created on purpose to discipline labor is harder to manage than we thought"
6
Replying to
Do people realize the unemployment rate is 3.7 percent, the number of open jobs is over 10 million, and wages are going up fast
5
3
