Supply-Side Economics

[finnbow]

Originally Posted by whell

Uh huh. How'd you like that last line in the letter:

Your vote throughout the weeks ahead will therefore put more money in the pockets of more workers.

In fact, I didn't see the word "anecdotal" or "anecdote" anywhere in that letter.

It's funny to watch people like you defending profligate government spending by Trump and the GOP that is now far more liberal than anything the Democrats have ever even considered.

[whell]

Originally Posted by finnbow

It's funny to watch people like you defending profligate government spending by Trump and the GOP that is now far more liberal than anything the Democrats have ever even considered.

Except that we ran a surplus last month, so if I were you I'd quit hyperventilating until all the facts are in. Surprised you're not hyperventilating about the inflation numbers that came in today, that the news is freaking out about. Funny that the inflation numbers came in lower (0.5%) than one year ago (0.6%), but folks like you will probably find a way to blame tax policy for it, even though that policy hadn't kick in yet in January.

In the meantime, here's another "reputable" economist suggesting we'll be in the neighborhood of 3% GDP growth in 2018.


"Faster economic growth over most of the past year has tightened labor and product markets and helped to boost prices at a faster pace," David Berson, chief economist at Nationwide, said in a note. "We expect real GDP growth this year to be around 3 percent — faster than trend and supportive of higher inflation."

https://www.cnbc.com/2018/02/14/us-c...-jan-2018.html

[finnbow]

Originally Posted by whell

"Faster economic growth over most of the past year has tightened labor and product markets and helped to boost prices at a faster pace," David Berson, chief economist at Nationwide, said in a note. "We expect real GDP growth this year to be around 3 percent — faster than trend and supportive of higher inflation."

https://www.cnbc.com/2018/02/14/us-c...-jan-2018.html

Your citing of this article supports my points, not yours and further underscores your limited understanding of economics. This article was a warning about inflation and likely multiple interest rate increases by the Fed, supporting the notion that goosing an economy at or near full employment is inflationary.