It’s amazing that people will just talk completely out of their ass like that with their real name and face attached.
According to the standard economic doctrine, it does not matter how much the government spends because the fed can just raise interest rates to compensate. The fed has unlimited power to make inflation as low as they like by simply raising interest rates. If the fed hasn’t been raising interest rates by enough because they’re worried about it crashing the economy, then that’s a sign that the root cause is a decrease in supply, not whatever this libertarian goldbug nonsense that even neoliberals make fun of that bezos is spouting here is.
I literally can't hear you, because I am a smart economics guy who likes Joe Manchin.
Weirdly, the Neoliberal/Bezos chat isn't interested in talking about the $1.5T in military and security spending the feds churn out annually. Never mind the tens of billions going to Lethal Aid
It’s amazing that people will just talk completely out of their ass like that with their real name and face attached.
According to the standard economic doctrine, it does not matter how much the government spends because the fed can just raise interest rates to compensate. The fed has unlimited power to make inflation as low as they like by simply raising interest rates. If the fed hasn’t been raising interest rates by enough because they’re worried about it crashing the economy, then that’s a sign that the root cause is a decrease in supply, not whatever this libertarian goldbug nonsense that even neoliberals make fun of that bezos is spouting here is.
I literally can't hear you, because I am a smart economics guy who likes Joe Manchin.
Weirdly, the Neoliberal/Bezos chat isn't interested in talking about the $1.5T in military and security spending the feds churn out annually. Never mind the tens of billions going to Lethal Aid