Everyone who called for austerity got it wrong and caused harm Everyone who scaremongered about the deficit got it wrong and caused harm Everyone who wrote about the "skills gap" got it wrong and caused harm Everyone who kept warning about inflation got it wrong and caused harm
-
-
I mean, years of the titans of industry whining about the skills mismatch, how they can't find good workers, and chin-stroking conferences about labor force participation, and columns about how it was workers' own fault, on and on and on, all just garbage.
Show this thread -
I wrote this paper as a 30 year old with a BA and access to google and it was more right than the Fed was https://www.newamerica.org/economic-growth/policy-papers/overcoming-americas-debt-overhang-the-case-for-inflation/ …
Show this thread -
-
In terms or the got it wrong vs intenational sabotage, I'll say this: Republicans sure seem to understand how running large deficits can boost an economy when they're in power, but risked an unprecedented US default under Obama to impose austerity.
Show this thread -
On the got it wrong side, what's even the point of the very concept of NAIRU if no one knows where it is and/or systematically gets it wrong? How is it at all a useful tool for policy-making, modeling or understanding?
Show this thread -
The worst part? The most maddening part is that this will all happen again, and everyone will either forget or pretend to forget how wrong they were.
Show this thread
End of conversation
New conversation -
-
-
except then why did those policies get implemented in Europe under center right governments like in UK and Germany
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Now your getting there.
-
it's YOU'RE but i'm certain you're good at other stuff...
- Show replies
New conversation -
-
-
Are you telling me those Deficit Hawks, who were on the Sunday Morning talk shows, every single Sunday, from 2009-2016 weren't sincere???pic.twitter.com/HWafP7DE1g
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.