Very few people remember the late 70’s and early 80’s but I do, my family STRUGGLED. The only good points I see are my wife bought our house during covid so our mortgage rate is comically low and I refinanced my student loans also during covid and saved 2pts on it.

Paraphrasing here, but Machiavelli advised the Prince that he would be forgiven for killing a man's father, but would not be forgiven for taking a man's treasure.

i mean, i wonder how many people [who voted for Trump, but, also just people] could even define stagflation

Was just talking with a friend about this today: I think the thing that most defines this moment is *deadweight loss.* We are all just going to have less and there's no real benefit to anyone.

Now that the Oval Office Pathologically Lying Despot controls the data--the CPI, jobs report, unemployment rate, jobless numbers--do you really expect to get the truth and understand what our dire economic situation is? Saying you see soup & bread lines won't be anything but a too late indicator

No. I’m just going to expect the worst on everything he touches.

If AI is anywhere near as productivity-enhancing as its advocates claim, stagflation will be unlikely. Otherwise, a lot of Trump's policies are stagflationary.

The last part!

Best case. And they will love it as long as there are camps with crying immigrants and government employees looking for jobs.

Agree

Not enough people seem to remember Japan’s experience. We’re constantly hearing how “after this is over” & “when Trump’s gone”, but this damage could last decades, or for some of us, a lifetime. www.npr.org/2024/04/03/1...

MAGA faithful will be told the numbers are wrong and the economy is booming and they will believe it. If it’s not written with a sharpie and held up on poster-board by their personal saviour, they don’t care.

When it hits them hard in their wallets they’ll understand.

Or, straight to depession

Trump will be bailed out by two things: Courts striking down tariffs, and ai-investment paying off like tech investment in the 90s. There’s a reason most Street analysts are bullish on the economy.