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Post by happyhoya1979 on Apr 6, 2022 9:50:41 GMT -5
thehill.com/opinion/finance/3259197-nobel-economists-were-dead-wrong-on-inflation-dont-expect-an-apology/It looks like the Nobel economists missed the inflation in the economy we are experiencing today. It also appears that in light of both the New York Times and Washington Post acknowledging that Hunter Biden's laptop was real and not a product of Russian disinformation, the 51 former intelligence officials were wrong prior to the 2020 election. Reliance on "Experts" is taking a real blow as a strategy for formulating effective economic and foreign policy. I hope that all of us take with grain of salt any future "Expert" assessments.
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hoya73
Golden Hoya (over 1000 posts)
Posts: 1,222
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Post by hoya73 on Apr 6, 2022 10:31:34 GMT -5
Was going to respond, but realized it's trolling. Never mind.
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tashoya
Blue & Gray (over 10,000 posts)
Posts: 12,320
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Experts
Apr 6, 2022 18:03:38 GMT -5
Post by tashoya on Apr 6, 2022 18:03:38 GMT -5
thehill.com/opinion/finance/3259197-nobel-economists-were-dead-wrong-on-inflation-dont-expect-an-apology/It looks like the Nobel economists missed the inflation in the economy we are experiencing today. It also appears that in light of both the New York Times and Washington Post acknowledging that Hunter Biden's laptop was real and not a product of Russian disinformation, the 51 former intelligence officials were wrong prior to the 2020 election. Reliance on "Experts" is taking a real blow as a strategy for formulating effective economic and foreign policy. I hope that all of us take with grain of salt any future "Expert" assessments. This is fairly misleading. The article basically uses the fact that there is inflation to blame it on BBB yet they don't break down the extent to which that $2.4 trillion has added to demand-pull inflation. They don't even go so far as to say that it made a significant difference in the inflationary pressure. The TLDR version is there's inflation and we think we can blame it on something other than supply chain issues due to the pandemic. However, we're not going to try to prove it. Oh, and economists aren't reliable. I'm surprised that a poorly written opinion piece such as that comes from a "Republican" and a Syracuse professor no less.
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hoya73
Golden Hoya (over 1000 posts)
Posts: 1,222
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Experts
Apr 7, 2022 11:37:08 GMT -5
Post by hoya73 on Apr 7, 2022 11:37:08 GMT -5
thehill.com/opinion/finance/3259197-nobel-economists-were-dead-wrong-on-inflation-dont-expect-an-apology/It looks like the Nobel economists missed the inflation in the economy we are experiencing today. It also appears that in light of both the New York Times and Washington Post acknowledging that Hunter Biden's laptop was real and not a product of Russian disinformation, the 51 former intelligence officials were wrong prior to the 2020 election. Reliance on "Experts" is taking a real blow as a strategy for formulating effective economic and foreign policy. I hope that all of us take with grain of salt any future "Expert" assessments. This is fairly misleading. The article basically uses the fact that there is inflation to blame it on BBB yet they don't break down the extent to which that $2.4 trillion has added to demand-pull inflation. They don't even go so far as to say that it made a significant difference in the inflationary pressure. The TLDR version is there's inflation and we think we can blame it on something other than supply chain issues due to the pandemic. However, we're not going to try to prove it. Oh, and economists aren't reliable. I'm surprised that a poorly written opinion piece such as that comes from a "Republican" and a Syracuse professor no less. Contrarily, I'm only surprised if something good comes out of Syracuse.
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