But these JPM people are not winning the Art Degree argument though:
JUST IN: 🇺🇸 JPMorgan says high interest rates are driving inflation higher - Bloomberg pic.twitter.com/ui89mAh6RG
— Radar🚨 (@RadarHits) April 10, 2024
This guy is winning the argument:
.@lhsummers, former US Treasury Secretary and Wall Street Week contributor, says he's not surprised inflation rose again in March, but he says an interest rate cut in June by the Federal Reserve would be dangerous https://t.co/VVbO71W83N pic.twitter.com/enjnKsEm5Z
— Bloomberg TV (@BloombergTV) April 10, 2024
Idiots. The quickest way for the Fed to lower inflation is to cut rates to zero.
ReplyDeleteThe antithetical arguments against Monetarism are failing…
ReplyDeletehttps://www.realvision.com/9s87a32123hahanner4
ReplyDeleteMosler talks about the spread between inflation and deficit spending around 39:40. I think if you cut rates to zero you'd get significantly lower inflation but the spread between the deficit and cpi as a percentage of gdp would remain largely the same and USA would still have a booming economy assuming the trade deficit doesn't blow out. That would really screw their the mainstream thinking as they'd believe Fed only cuts on economic weakness.
Might get to see that play out if Trump wins…
ReplyDelete"This would not have passed without Donald Trump"
ReplyDelete> Lindsey Graham on the aid package for Ukraine & Israel.
Ouch.