What It Will Take to Build Back a Better EconomyAnother of the Godotists preaching low rates.
It is not about rates, it is about a humongous ax battle going on that will take two quarters to resolve. The entire election passed him by, it was about local and state tax increases, most of which failed.
Jason gets the 'expectation plan' from Krugman and Krugman announced that Godotists should pretend a mandate. So they are doing the 'Hicks jump shift pile one and see what sticks thing'. A complete fantasy.
It is tax time, and Furman was there ten yeas ago when it was tax time once previous. No one is getting bailed until we discover the tax assignments. There is a shit load of back taxes, a shit load of ongoing tax dodging, and a final fiat, and illegal, tax on banks.
Another Godist, Frankel.
This will resolve into a battle of closing tax havens, a losing battle. Most of high level aggregation is about trying to suppress the leaks caused by prior over aggregation. But Jeff is up against technology, we are cutting through all the loops and leaks in over aggregated regulation. We have a Swift rebellion and Swift bankers be staying with us. Jason and Jeffrey will be stuck having tax battles, you can bet on that.
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