The New Speaker…

[kalm]

I’m going off of previous statements on Ganny’s monetary policy. Fiscal policy itself is economic soft science and opinion. EG: “way too long” and “oxymoronic”.

Not that you’re ignorant regarding anything beyond supply side.

Here’s a hint: high inflation and debt don’t have to be permanent.

So in other words, we’re arguing Keynesianism…again.

No sh!t, high inflation doesn’t have to be permanent. The economy is cyclical. Inflation goes up and down. Fiscal and monetary policy can be used to lessen the impact of the swings. It was always going to come down it was just a matter of when and what could we do help with the process. Unfortunately in this instance, fiscal and monetary policy exasperated inflation so we had to work harder and suffer more to bring it down.

High debt is a little harder to deal with. That takes a level of discipline and working together that Congress hasn't shown they could do since Slick Willy was POTUS.

I agree with the impacts of fiscal and monetary policy on the duration of this inflationary period. Also agree on debt.

[UNI88]