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And he quickly (2-3 days) retracted that call once he recovered from the initial despair of the 2016 election results: > But will the extent of the disaster be
by throw0101a 6y ago
And he quickly (2-3 days) retracted that call once he recovered from the initial despair of the 2016 election results:
> But will the extent of the disaster become apparent right away? It’s natural and, one must admit, tempting to predict a quick comeuppance — and I myself gave in to that temptation, briefly, on that horrible election night, suggesting that a global recession was imminent. But I quickly retracted that call. Trumpism will have dire effects, but they will take time to become manifest.
> In fact, don’t be surprised if economic growth actually accelerates for a couple of years.
* https://www.nytimes.com/2016/11/14/opinion/trump-slump-coming.html https://www.nytimes.com/2016/11/14/opinion/trump-slump-comin...
* http://krugman.blogs.nytimes.com/2016/11/11/the-long-haul/ http://krugman.blogs.nytimes.com/2016/11/11/the-long-haul/
We all make mistakes: the important things is to own up to them and learn from them.
Have any of the people who said Bernanke's QE would cause (hyper)inflation and currency debasement publicly recanted?