The next sane president will be terrified of inflationary policies, the next recession will be a Larry summers style recovery, better to damage the careers of a generation of Americans than risk inflation.
Replies
Totally agree. No future president (or Fed chair) will ever allow significant inflation again even if unemployment is high. People care if they have a job. They don’t care if someone else does. Sigh
mar 19, 2025, 9:27 pm • 11 1 • view
I’m having the realization that Larry Summers might be right *not because he’s right*, but because that is the most that you can do politically without paying the price
mar 20, 2025, 1:00 pm • 2 0 • view
And conversely, Obama might be right about deploying lofty rhetoric but relatively restrained policy for the same reason
mar 20, 2025, 1:48 pm • 0 0 • view
10% unemployment is fine as long as there isn’t 2% inflation. That’s the lesson we’ve learned.
mar 19, 2025, 9:33 pm • 53 4 • view
People will always find something. Just the fact that Biden was old raised the bp of an entire generation to health-hazard levels
mar 20, 2025, 12:17 am • 11 1 • view
The amount of times I've read the phrase "looks like a walking corpse" today alone, and I'm like...have you bozos literally *never seen* an old person other than Joe Biden?
mar 20, 2025, 5:03 am • 11 0 • view