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Learning not to trust the All-In podcast

(passingtime.substack.com)
349 points paulpauper | 2 comments | 06 Nov 24 17:14 UTC | HN request time: 0.001s | source
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kemiller2002 ◴[06 Nov 24 18:12 UTC] No.42066611[source]▶
Please don't beat me up too much on this.

Even if their faulty assumption was true, wouldn't that just be a Keynesian approach to solving a recession? I though Keynes approach was that the government should step in a spend more to prevent a recession, essentially equalling what is lost in the free market.

Fully admit could be totally wrong on this. Just curious.

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1. KK7NIL ◴[06 Nov 24 19:35 UTC] No.42068007[source]▶
This is for Q3 of this year, for which the government is saying we're not in a recession.

The problem with Keynesian economics is that no one wants to turn off the money printer when the times are good.

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2. astrange ◴[06 Nov 24 22:19 UTC] No.42070395[source]▶
> The problem with Keynesian economics is that no one wants to turn off the money printer when the times are good.

That's what central bank independence is for. Raising interest rates is effectively the same thing.

Besides that it has been turned off for three years:

https://fred.stlouisfed.org/series/WM2NS

But the US population is getting increasingly older so there will be increasing pressure on welfare for them.