02-17-2021, 12:20 PM
(02-17-2021, 11:21 AM)David Horn Wrote:(02-16-2021, 08:27 PM)random3 Wrote: Biden's inflation danger: Some economists sound alarm over stimulus plans
So I've heard, but then again, where's the inflation from all the prior spending?
I vaguely remember that coming off the gold standard made it easy to fight inflation. This was done in Nixon's time. It made it possible to have stagflation. It brought back periodic economic hard times as happened with 'it's the economy stupid' and the 'Great Recession'. Macro economics just fundamentally changed at that point. Just as war changed with nukes, proxy war and insurgent war becoming common, economic lessons learned from the Industrial Age have to be verified now that forces that don't apply now are changed.
That this nation, under God, shall have a new birth of freedom, and that government of the people, by the people, for the people shall not perish from the earth.