"Maybe the real takeaway here should be how little we know about where we are in this strange economic episode. Economists like me who didn’t expect much inflation were wrong, but economists who did predict inflation were arguably right for the wrong reasons, and nobody really knows what’s coming.
My own view is that we should be really hesitant about killing the boom prematurely. But like everyone who’s taking this debate seriously, I’m hanging on the data and wonder every day whether I’m wrong."
Link: https://www.nytimes.com/2021/12/16/opinion/inflation-economy-2021.html?referringSource=articleShare
trillion dollar tax give backs under the former occupant.
We spend way to much, most of it on entitlements but the craziness in discretionary spending since W has also been a big problem. We needed infrastructure, but BBB is just another boondoggle. We also have to face the fact that our profligate entitlement spending is gonna crash the whole thing in the near future unless we raise tax revenues and make some hard cuts.
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group of people.
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wrong reasons".
Krugman - what a joke. A true liberal. Even when faced with the undeniable reality that he is wrong, he finds a way to pretend that he wasn't really wrong.
The guy has zero credibility. But you libs keep listening to him.
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is the gift that keeps on giving. Nice find cheeks
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The money I meant is fiat money. Imagine now we suddenly live in antient society today without paper money supply. But we still work and create as same as yesterday and therefore our economy is same as yesterday. We just exchange and trade each other with products and services we create, not with fiat money. Inflation will be gone immediately.
The point certainly doesn't imply we should abolish fiat money. It is ridiculous otherwise. The point is, although inflation is complicated (as complicated as weather), it is a monetary phenomenon and our monetary policy plays the most important role related to this phenomenon.
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Was 13 a few months ago, that’s excluding tip or a beverage