@mcc @socprof We’re dealing largely with people who are so invested in the imagined outcomes of their bold actions that they label any warnings of unintended side effects as sedition.
Economic interactions are very complex and people who predict outcomes are usually wrong. But the Fed has largely done a good job this century (modulo dot com crash, 2008, and COVID).
Calling the Fed ninnies and declaring that tariffs + firings + ending entitlements will fix everything is monumentally stupid.
@Cdespinosa @socprof Sure sure! But I'm not actually expecting the White House to do these things, as they're corrupt and politically motivated. OTOH someone at, I don't know, the Fed must be doing the math on this, right? What did they do after they finished doing the math? Did they put it in a white paper I don't know how to find? Did they go "well, Bad Stuff coming, but I don't have authority to speak about that publicly" and go back to sitting quietly at their desks?
Same as the Hard #Brexit people talking about "Project Fear", when people were just talking about the future consequences we are now seeing today.... :|
