Skewering of Leftist Economic "Conventional Wisdom"

[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.