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Everyone's attention is drawn to a Tanvi Ratna thread on X => https://x.com/tanvi_ratna/status/1907880105369845865?s=19 https://x.com/tanvi_ratna/status/1907880
by smitty1e 2y ago
Everyone's attention is drawn to a Tanvi Ratna thread on X => https://x.com/tanvi_ratna/status/1907880105369845865?s=19 https://x.com/tanvi_ratna/status/1907880105369845865?s=19
Whether or not these Big Brain ideas bear fruit remains to be seen.
- senderista 2y agoWhat a pathetic attempt at spinning manifestly stupid policy: > @elonmusk & @DOGE are cutting $4B per day. At that pace, they’d shave off $1 trillion by end of Sep 25 (if not May). Actual economists (of any political persuasion) are not giving Trump the benefit of the doubt, only grifters like this "thought leader".
- maxerickson 2y agoGives DOGE full credit for claimed savings. Quietly corrects an off by factor of 10 error on the savings from reduced yields at the end of the thread.
- KoolKat23 2y agoThe idea does not make sense. The consequences and cost of a "correction" would outweigh any interest savings from lowered interest rates due to the lack of demand and lack of inflation. Interest rates are percentages of the whole which would have to go down, the fed also doesn't willy nilly reduce rates, tariff led inflation despite shit conditions would mean they would hold off on decreasing rates.
- duxup 2y agoDODGE's claimed savings has been pretty questionable and it's not like the cost of debt has weighed on the US much at all.
- bearjaws 2y agoSane washing terrible decsions has become an expert craft on twitter