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A comment on Do High Interest Rates Fix High Inflation?. Parent comment

Re:Do High Interest Rates Fix High Inflation? by throw0101b on Tuesday June 13, 2023 @07:54PM (#36319351)
> The decade following the great recession should have been a time of expansionary fiscal policy. Instead of congress investing in our future they argued and accomplished nothing.

Do is "they" specifically?

Because as I remember it the Republicans wanted to sink a Democratic president, and so hampered/slowed the recovery. And let's forget the right-wing idea of "expansionary austerity":

* https://en.wikipedia.org/wiki/Expansionary_fiscal_contractio...

And the deficit hawks who said that the US had to cut debt or Bad Things would happen (which suddenly wasn't a problem went Trump got into office and tax cuts were desired):

* https://en.wikipedia.org/wiki/Deficit_hawk

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Re:Do High Interest Rates Fix High Inflation? by TexanFeller on Tuesday June 13, 2023 @08:13PM (#36319512)
> which suddenly wasn't a problem went Trump got into office and tax cuts were desired

There are plenty of us that rage against _both_ parties' negligence when it comes to balancing the budget. Socially liberal and fiscally conservative as us libertarian-ish types say. Lots of us hated Trump for cutting taxes and bullying the fed to lower rates while the economy was already booming.

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Re:Do High Interest Rates Fix High Inflation? by mikrl on Tuesday June 13, 2023 @08:21PM (#36319568)
It’s like the dark sibling of Keynes, eh?

At least Keynesian theory had a notion of slowing an economy that needed slowing, and boosting an economy that needed boosting, through a complementary mechanism.

The poisonous application on the other hand is to boost an economy at capacity, and use the inevitable crash to funnel wealth to… who knows where?

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Re:Do High Interest Rates Fix High Inflation? by WillPostForFood on Wednesday June 14, 2023 @01:20AM (#36321730)
Deficit hawks remained deficit hawks under Trump, but Trump was definitely not a hawk.

https://rollcall.com/2017/09/06/trump-sides-with-dems-as-deb...

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