Skewering of Leftist Economic "Conventional Wisdom"

[nailer]

Originally Posted by finnbow

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.

This would depend on what the GOP's goal is.

[finnbow]

Originally Posted by nailer

This would depend on what the GOP's goal is.

Their goal is clear to me - large tax cuts for the rich and corporations in an effort to stimulate a short term sugar high that they hope will last through November, without regard to inflation or deficits.

[nailer]

Originally Posted by finnbow

Their goal is clear to me - large tax cuts for the rich and corporations in an effort to stimulate a short term sugar high that they hope will last through November.

The high can last for years, but I doubt it will affect the midterms.