Gwen Snyder is uncivilJul 12, 2023

Can we please, for the love of God, finally admit that mainstream economists are just astrologists for Wall Street bros

https://www.nytimes.com/2023/07/11/opinion/us-recession-yield-curve.html

Opinion | The U.S. Economy Looked Like it Was in for a Recession. It Wasn’t.

A tale of a disaster wrongly foretold.

The New York Times
Show threadSphinx of Black Quartz

@gwensnyder

From the article:

"faced with high inflation, the Fed sharply hiked interest rates, causing a recession; this recession brought inflation down"

I will never stop beating this drum: When economists worry aloud about inflation more than unemployment, they're saying "Let's screw labor even harder, to make the mega-rich even richer!"

Jul 12, 2023 at 2:34pmWeb