President Biden criticized news coverage of the U.S. economy as he faces growing backlash from voters over his handling of inflation. In brief remarks Saturday before boarding the presidential heli…
The problem is that there is no way to fix it without fucking shit up worse. Attempting to create deflation is bad for everyone as the economy will stop growing which will lead to job loss. A recession is another way to get it done, but then that would require high levels of unemployment, and still won’t bring prices down.
We’re seeing the best possible outcome right now where inflation is down and wages are rising faster than it, and housing prices are coming down, meaning we are on track for the issue of unaffordability to go away. The Fed seems to have pulled off what most people thought was impossible: a soft landing.
We’re possibly witnessing something absolutely amazing. This is not to detract from the struggles people are experiencing, but the fact that they don’t recognize how much better off they are then how it could have been is disappointing.
The problem is that there is no way to fix it without fucking shit up worse. Attempting to create deflation is bad for everyone as the economy will stop growing which will lead to job loss. A recession is another way to get it done, but then that would require high levels of unemployment, and still won’t bring prices down.
We’re seeing the best possible outcome right now where inflation is down and wages are rising faster than it, and housing prices are coming down, meaning we are on track for the issue of unaffordability to go away. The Fed seems to have pulled off what most people thought was impossible: a soft landing.
We’re possibly witnessing something absolutely amazing. This is not to detract from the struggles people are experiencing, but the fact that they don’t recognize how much better off they are then how it could have been is disappointing.