Rex Kerr
Oct 8, 2022

Economists did not agree (to an extent useful for driving policy--see, for instance, https://www.brookings.edu/blog/up-front/2021/01/28/the-macroeconomic-implications-of-bidens-1-9-trillion-fiscal-package/, and compare to Larry Summers' outlook) how large the impact of Biden's stimulus would be on inflation, or on whether it would be a transient blip or cause an ongoing trend.

Likewise with most of the other stuff. "We got the sign right this time" isn't a very strong endorsement.

I don't think this is the best way to judge, but you were the one who pointed out the example, so....

Rex Kerr
Rex Kerr

Written by Rex Kerr

One who rejoices when everything is made as simple as possible, but no simpler. Sayer of things that may be wrong, but not so bad that they're not even wrong.

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