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> how we ended up here? We ended up as an economy that survived COVID lockdowns, the supply shock, the outbreak of a de-facto war against a superpower, trade c
by bryanlarsen 2y ago
> how we ended up here?
We ended up as an economy that survived COVID lockdowns, the supply shock, the outbreak of a de-facto war against a superpower, trade cutoff to one of the largest energy suppliers in the world, most of our trading partners tipping into recession without tipping into recession ourselves.
We've got miracle makers in the Fed and White House and you all think that they're incompetent.
- deleted 2y ago[deleted]
- jgust 2y agoMight it be overly generous to attribute these outcomes to recent actions by people in these instituions vs. the USD still being the world reserve currency?
- bryanlarsen 2y agoThe Fed deserves a lot of the credit. Biden deserves credit for not screwing things up. "First do no harm", "a steady hand at the tiller". Trump has promised to meddle a lot more -- massive border tariffs, taking political control of the Fed, taking political control of the bureaucracy, etc. It's sad that not screwing things up is high praise, but it is.