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Predicting that massive spending will lead to inflation isn't that same as predicting the market itself. There's correlation but It's not 100%.
by Mikeb85 4y ago
Predicting that massive spending will lead to inflation isn't that same as predicting the market itself. There's correlation but It's not 100%.
- arisAlexis 4y agoPaul Krugman amongst others, a novelist predicted that massive spending will not lead to lasting inflation. Many top notch economists said that. If you think you knew better hindsight bias.
- Mikeb85 4y agohttps://www.economist.com/finance-and-economics/2021/03/25/just-how-anchored-are-americas-inflation-expectations https://www.economist.com/finance-and-economics/2021/03/25/j... https://www.cnn.com/2021/05/26/economy/inflation-larry-summers-biden-fed/index.html https://www.cnn.com/2021/05/26/economy/inflation-larry-summe... Tons of economists predicted this. Larry Summers is a very prominent example. You just have to open your eyes.
- arisAlexis 4y agoYou don't get it. If 50% predict a and another 50% predict b and a layman predicts b saying "hey it was so obvious" he is in great error. You that is my friend.
- Mikeb85 4y agoLayman? My degree is literally in economics. And yes it was obvious. Any economist who didn't see it is probably a bought shill. It's not 50/50. What happened is orthodox economics ie. academic consensus. And Krugman is a shill, FYI.