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(Marketwatch)   U.S. GDP grew at 4% annual pace for the end of 2020. This means the Fed will stop printing infinity money sometime in the future. Right? hahahaha No   (marketwatch.com) divider line
    More: News, Macroeconomics, Dow Jones Industrial Average, Government spending, lowest mortgage rates, Gross domestic product, Consumer spending, rate of inflation, Federal government of the United States  
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228 clicks; posted to Business » on 28 Jan 2021 at 11:02 AM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-01-28 9:17:15 AM  
Traditional Economists go hurrrr
 
Xai [TotalFark]
2021-01-28 9:42:41 AM  
It grew by 4% in dollar terms. Yeah so if the $ loses 4% off it's value...
 
2021-01-28 10:43:16 AM  
Still I'm shocked it didn't contract
 
2021-01-28 11:11:19 AM  
And they shouldn't.  Interest rates and inflation are near zero and we're in the middle of a pandemic that's badly affecting large segments of the economy.  Now is the time for the money printers to go "brrrr" and get funds to people in need.

You shut this off when the economy is doing well and raise taxes to help pay for the down times.  Or if you're the Trump party you give a trillion dollar tax cut to rich people and crank the debt to record levels.  One or the other, I'm sure both are fine.
 
2021-01-28 11:14:36 AM  

Glockenspiel Hero: And they shouldn't.  Interest rates and inflation are near zero and we're in the middle of a pandemic that's badly affecting large segments of the economy.  Now is the time for the money printers to go "brrrr" and get funds to people in need.

You shut this off when the economy is doing well and raise taxes to help pay for the down times.  Or if you're the Trump party you give a trillion dollar tax cut to rich people and crank the debt to record levels.  One or the other, I'm sure both are fine.


and inflation, if/when it does arrive, will help to erode public debt burdens.
 
2021-01-28 11:19:12 AM  
Why? The purpose of fiscal policy is to ensure the Uber wealthy increase the value of their portfolios. System is working as designed.
 
2021-01-28 11:29:59 AM  

Visual Howlaround Title Sequence: Still I'm shocked it didn't contract


We've decided the line is only allowed to go up and to the right, even during a depression. At least that's all I can figure is happening. Some kind of wild asset-inflation that hasn't hit CPI yet but makes things look great on a graph, so long as it's only in relative terms.

First hint that something like this was going on was when the '08 crash didn't fully correct house prices back to (inflation-adjusted) pre-bubble levels, and then they shot way up again before long.
 
2021-01-28 11:38:19 AM  

Glockenspiel Hero: And they shouldn't.  Interest rates and inflation are near zero and we're in the middle of a pandemic that's badly affecting large segments of the economy.  Now is the time for the money printers to go "brrrr" and get funds to people in need.

You shut this off when the economy is doing well and raise taxes to help pay for the down times.  Or if you're the Trump party you give a trillion dollar tax cut to rich people and crank the debt to record levels.  One or the other, I'm sure both are fine.


Biden has been president for over a week and not a single person has said "Merry Christmas" to me.
 
2021-01-28 11:47:01 AM  
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