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Michael Bostic's avatar

Big fiscal works, austerity and massive unemployment don't. Indeed luckily for us, with programs such as the IRA, Chips, infrastructure bill and the crazy regressive stimulus via the fed rate hikes we've held off a recession. It also helped that supply chain pressures improved and a huge drop in gas prices as well. Disinflation is happening even on the core side despite nagging rent and shelter costs. There is no wage price spiral and even real wages are up. The less we pay attention to the likes of summers and furman the better off the economy will be.

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Andreas Bimba's avatar

I have a dream - as someone once said.

Stephanie would make a great president. Being a Congressional representative for a few terms may be a suitable initial step on that journey? 🙂

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