Monday, October 5, 2020

Deficit mongers are we

 

Yeah, and there's never any expectation that the people who keep getting it wrong explain their past analytical errors. Deficit scaremongers, dollar declinists etc. just get a permanent free pass.

I am not getting it wrong, the rebellion is underway. Weisenthal does not notice that government legislation is mostly stuck on continuing resolution. California takes two years longer than the nation to recover. And Antificants are in the street having a no taxation without representation issue, they have been kicked out of banking due to unaffordable Fed charges, 200 billion remits back to Treasury next year. Nor has Weisenthal connected up to the massive growth in inequality. Why do we cycle? ll of these are evidence of crowding out,

What is really going in with the Weisenthal crowd is Krugman silence. Why isn't Krugman doing the 'debt is what we owe ourselves' thing. Yglesias and Drum need to hear his reassurances.

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