Re:Yes, the U.S. economy is likely in recession
by leereeves on Thursday August 04, 2022 @11:35AM
(#32344284)
> So... you agree it's transitory?
No, transitory implies that it would go away on its own, without action by the government. I think it's going to end because the policies that I think caused it have ended. If the policies that were in place when it was first called transitory were still in place, then I would take the bet.
> Inflation isn't "damage"
I was referring to the decline in real wages, sky high house prices pricing out the working class, things like that. Not inflation per se.
No, transitory implies that it would go away on its own, without action by the government. I think it's going to end because the policies that I think caused it have ended. If the policies that were in place when it was first called transitory were still in place, then I would take the bet.
> Inflation isn't "damage"
I was referring to the decline in real wages, sky high house prices pricing out the working class, things like that. Not inflation per se.