Earlier quoted context omitted.
you think people that "incorrectly believe the US is in recession" go by doomsday news? they look at their pocket when buying groceries, they looked at the glorious effects of bidenomics on their own life, and how it has been made that much harder, and form their opinions. When the talking heads on TV bask in how great the economy is, they speak from a position where their insider-trading fueled gains are so far away…
I am not American, and I don't know all the finer details, but weren't a lot of the inflation issues post covid a direct result of Trump's unrestrained borrowing even in a growth economy, all in the name of keeping the stock markets growing as your primary indicator of economic success a big factor? Certainly looking at the UK economy, I can trace back the source of our current problems well beyond the current electi…
Where are the modern monetary theorists when you need them?
They seem to have all disappeared lately. Used to see them as pundits on news shows daily (or in replies to my comments here) and now they are just gone suddenly.
It was legitimately the belief of the ruling class in the US that printing money isn't inflationary. You would be laughed out of the room to suggest the fact. I was.