| || |
When I was in college in the 70s, macro was taught as a way of describing the entire economy with the notion that managing it was a key responsibility of both government and the banking industry. In essence, the tool kit involved two options; fiscal and monetary policy. Fiscal policy was about federal spending, taxation, tariffs, etc. Any one or combination of these were at the disposal of the government through Congress or the Executive to manage an economy. Monetary policy was the purview of the Fed through the management of interest rates and the unemployment rate. Special concern was placed to avoid inflation hence the addition of a responsibility for the employment rate. This was a derived concept from the Phillips Curve which became dogma because the math looked so wonderful that it must be a "truth". Well it wasn't a "truth" and inflation was more complicated than just tracking the employment rates but it lingers on in our minds to this day.
Now I do not know what economics departments teach our kids today but that was the way it was in the 70s.
All that is out the window in today's global economies that have been manipulated by governments to the point that no one knows what to do and there are no tools left.
The OP stated that Trump was vulgar. It's in the damn title for shits sakes. I simply reminded the OP that the standard for that bar was set wayyyyyyy lower by a previous president.
100% relevant to the conversation and if you can't manage to follow it, perhaps you should find another thread. Maybe one with crayons.
OK leroy...if it helps, imagine this is written with crayons, ok?
When call a president that you don't support vulgar, you damn sure better be able to address even worse behavior by a president you DID support in order to get to the heart of the matter...hypocrisy.