Tbh, this piece, like any other piece criticizing US macroeconomic policy 2008-2021, makes the fatal mistake that inflation is only hated because it’s associated with tight labor markets, and not like, normal people do really hate inflation, even when it’s often straight up beneficial to them.

And I guess this is where I’ve been wandering to. No one really seems to have a better answer for a system that keeps price levels stable and produces economic growth than the neoliberals. Wouldn’t be surprised if the revolt we’re currently in carcinizes back to neoliberalism lol.

Also given looming fiscal dominance and the median voter's tax preferences, in the medium term the only way to meaningfully increase living standards at the bottom is through neoliberal pro-growth policy lol.

Also the GOP becoming corporatist is going to negatively polarize more Dems towards neoliberalism. Center right guys somehow think that Trump's style of economic management will somehow be quarantined from state-level GOP governance but that's only true if Trump's approval from Rs drops

See: the pro-business faction of Texas Republicans being in a quasi-confidence and supply arrangement with Dems this last session as they increasingly get primaried by chuds. Whoever succeeds Abbott will zero out property taxes and pass a bunch of insane MAHA bills.