So much for that economic forecast

[TSmith34, Inc.]

[The Sultan]

Maybe he's a horse dentist?  To be fair I have never heard him claim that he works on people.

[MU82]

80 years combined dental experience

awl dis meenz iz dat u guyz ewez lotsa coopons four yor dyeperz, oona?

[4everwarriors]

Next tyme ya got a toothache, kall a cub reporter, hey?

[TSmith34, Inc.]

Just gargle some bleach and rub horse paste on it.

[MU82]

Next tyme ya got a toothache, kall a cub reporter, hey?

I use a dentist who isn't conned by the Conspiracy Theory du Jour and who didn't cheer on the 1/6/21 cop-maimers, so I assume he's up on the latest science of the profession. My dentist also isn't as old as dirt.

[4everwarriors]

Too bad, probably not a Marquette grad either...good luck with that, hey?

[MUBurrow]

MU Burrow

Sorry for not being clear on the interest rate front. I am 10000% in favor of raising rates, believe it should have started in Q3 of 2021 and keep raising them until it is no longer needed. We have had Fed fueled stock market gold rush and equally hot housing market and nothing lasts forever. The Fed is not around to help my retirement plan skyrocket in price or provide 100% increase in my home value. They are a very powerful group, maybe as powerful as any group in the world, and I think they have been reckless for a long time. In addition, they have had interest rates at near zero for a long time and could not to create 2% annualize inflation when they tried to, thus I am not so sure they are going to be able to get the horse back in the barn without a lot of pain to the American public.

Thanks Goose, appreciate the follow up. I also probably misread your earlier post re your thoughts on the Fed's actions.  This makes a lot of sense to me.  I recall some of these discussions when inflation was too low.

[Goose]

MuBurrow

The Fed has a mighty big task in front of them. Sadly, I think they are hoping demand falls quickly to help them out. IMO, they created much of this mess and they are going to need all the help they can get.

[MU82]

From the NYT:

WASHINGTON — In Kansas, the Democratic governor has been pushing to slash the state's grocery sales tax. Last month, New Mexico lawmakers provided $1,000 tax rebates to households hobbled by high gas prices. Legislatures in Iowa, Indiana and Idaho have all cut state income taxes this year.

A combination of flush state budget coffers and rapid inflation has lawmakers across the country looking for ways to ease the pain of rising prices, with nearly three dozen states enacting or considering some form of tax relief, according to the Tax Foundation, a right-leaning think tank.

The efforts are blurring typical party lines when it comes to tax policy. In many cases, Democrats are joining Republicans in supporting permanently lower taxes or temporary cuts, including for high earners.

But while the policies are aimed at helping Americans weather the fastest pace of inflation in 40 years, economists warn that, paradoxically, cutting taxes could exacerbate the very problem lawmakers are trying to address. By putting more money in people's pockets, policymakers risk further stimulating already rampant consumer demand, pushing prices higher nationally.

https://www.nytimes.com/2022/05/10/us/politics/states-tax-cuts-inflation.html?campaign_id=9&emc=edit_nn_20220510&instance_id=60927&nl=the-morning&regi_id=108420427&segment_id=91787&te=1&user_id=d36dcf821462fdd16ec3636710a855fa

[rocket surgeon]

Any rag that still employs krugman has no economic credibility. Ain't he the guy who predicted economic Armageddon 2016?  Yeah that's a real non biased look.  The ny slimes has proved itself over and over to be a partisan piece of schiff why anyone would reference it for anything...oh, never mind only people still having night sweats over  a few people walking thru the capital doors getting a free tour no concerns about cities and police stations and businesses being burnt to the ground

[Uncle Rico]

Any rag that still employs krugman has no economic credibility. Ain't he the guy who predicted economic Armageddon 2016?  Yeah that's a real non biased look.  The ny slimes has proved itself over and over to be a partisan piece of schiff why anyone would reference it for anything...oh, never mind only people still having night sweats over  a few people walking thru the capital doors getting a free tour no concerns about cities and police stations and businesses being burnt to the ground

9 of 10

[JWags85]

Any rag that still employs krugman has no economic credibility. Ain't he the guy who predicted economic Armageddon 2016?  Yeah that's a real non biased look.  The ny slimes has proved itself over and over to be a partisan piece of schiff why anyone would reference it for anything...oh, never mind only people still having night sweats over  a few people walking thru the capital doors getting a free tour no concerns about cities and police stations and businesses being burnt to the ground

Is the teal no longer working?

[Uncle Rico]

Is the teal no longer working?

Besides leaving the country worse than they found it, baby boomers are pretty computer stupid

[The Sultan]

Yeah the guy who posts links exclusively from Fox News is complaining about others referencing the New York Times....

[MUeng]

Any rag that still employs krugman has no economic credibility. Ain't he the guy who predicted economic Armageddon 2016?  Yeah that's a real non biased look.  The ny slimes has proved itself over and over to be a partisan piece of schiff why anyone would reference it for anything...oh, never mind only people still having night sweats over  a few people walking thru the capital doors getting a free tour no concerns about cities and police stations and businesses being burnt to the ground

sure Krugman is an elitist and i-told-you-so type of person, but why do you think he's incorrect on tax policies and monetary theory?

[JWags85]

sure Krugman is an elitist and i-told-you-so type of person, but why do you think he's incorrect on tax policies and monetary theory?

I think he's a buffon on a lot of real world applications of economic theory.  Which is why he's been wrong on big calls like the internet, 2016, and thinking the TPP was worthless, etc....  I personally think his (and other economists) "diminishing marginal utility" theory on raising tax rates is nonsense.

I don't think he's unintelligent or a moron, I just think he's a blowhard who's well past his prime and I don't give most of his subsequent musings much weight.

[TSmith34, Inc.]

Any rag that still employs krugman has no economic credibility. Ain't he the guy who predicted economic Armageddon 2016?  Yeah that's a real non biased look.  The ny slimes has proved itself over and over to be a partisan piece of schiff why anyone would reference it for anything...oh, never mind only people still having night sweats over  a few people walking thru the capital doors getting a free tour no concerns about cities and police stations and businesses being burnt to the ground

Magnificent work

Yay! Free Tours!
https://www.youtube.com/watch?v=DXnHIJkZZAs