Now-more-than-everism

“Here’s how it works,” Autor wrote in an e-mail. “1. You have a set of policies that you favor at all times and under all circumstances, e.g., cut taxes, remove regulations, drill-baby- drill, etc. 2. You see a problem that needs fixing (e.g., the economy stinks). 3. You say, ‘We need to enact my favored policies now more than ever.’” Bloomberg

The technical term is Kelly Betting. It is not a bug, is is a feature. If we bet proportional to the long term outcome of the value of something, then we are moving the economy toward the goal in the minimm number of steps. But Ezras says no:

The Democrats’ desire for stimulus, for instance, gives the GOP leverage to extract concessions. In return for stimulus now, Democrats would probably agree to the kind of deep spending cuts and long-term deficit reduction that they normally oppose. For Republicans, more stimulus now could mean much more deficit reduction later.

Otherwise known as kick the can, which causes us to continue veering off the long term path. But worse, we don't really believes a later Congress will cut any more than the current.

Keynesian, ignore aggregations and shortages,then when rich folks put pressure on the middle class, send in armed agents to collect debt service.