Skewering of Leftist Economic "Conventional Wisdom"

[finnbow]

Originally Posted by whell

Right, 'cuz that worked so well the last time it was tried.

Are you disputing the point I made?

[whell]

Originally Posted by finnbow

Are you disputing the point I made?

I think the evidence tends to dispute your point.

[finnbow]

Originally Posted by whell

I think the evidence tends to dispute your point.

Bullshit. Every economist worth his weight in shit supports deficit spending to stimulate a recovery and not one advocates increased deficit spending to stimulate an economy already at full employment. This happens to be the very same reason that virtually no economist supports a Balanced Budget Amendment as it would kill the ability to stimulate an economy in times of need. You really need to study and understand economics a bit better if you don't want to continue making such a fool of yourself.

[nailer]

Is the United States Really at Full Employment?
https://seekingalpha.com/article/410...ull-employment

[finnbow]

Originally Posted by nailer

Is the United States Really at Full Employment?
https://seekingalpha.com/article/410...ull-employment

I'd say it is, if you define full employment as the level below which inflation starts to rear its ugly head.

[nailer]

Originally Posted by finnbow

I'd say it is, if you define full employment as the level below which inflation starts to rear its ugly head.

Thank you, General Mainstream. The labor force participation rate section of the article is quite interesting. Did you read it?

Another perspective: The Fed's Long-Awaited Wage Inflation Is at Hand. https://www.bloomberg.com/view/artic...ion-is-at-hand

[finnbow]

Originally Posted by nailer

Thank you, General Mainstream. The labor force participation rate section of the article is quite interesting. Did you read it?

Another perspective: The Fed's Long-Awaited Wage Inflation Is at Hand. https://www.bloomberg.com/view/artic...ion-is-at-hand

From the article:
At this late stage in the economic cycle, it’s difficult to envision a wholesale reacceleration in economic activity. It’s wholly plausible, however, for a spike in inflation to alarm Fed policy makers grappling with the biggest issue of 2018.

It begs the question as to why the GOP would think that $1.5 trillion in additional deficit spending is the right prescription for these economic times.