I mean, it’s a fair question for a political leader to ask his economic advisors, no? Pretty sure Obama would have asked his advisors the same question back in 2009.
The issue, by the way, is a lot less settled than a lot of people think. Macroeconomics still seems to do a surprisingly bad job at understanding the links between inflation, interest rates, and economic activity, beyond giving some rough guidelines.
Macroeconomics still seems to do a surprisingly bad job at understanding the links between
This is because Macroeconomics isn’t a science. Its gamblers attempting to create rules on “how to win at gambling” when everyone knows the only winner in gambling is the house.
I mean, it’s a fair question for a political leader to ask his economic advisors, no? Pretty sure Obama would have asked his advisors the same question back in 2009.
The issue, by the way, is a lot less settled than a lot of people think. Macroeconomics still seems to do a surprisingly bad job at understanding the links between inflation, interest rates, and economic activity, beyond giving some rough guidelines.
This is because Macroeconomics isn’t a science. Its gamblers attempting to create rules on “how to win at gambling” when everyone knows the only winner in gambling is the house.