>> Then I’m good times the opposite is supposed to happen. But this time the good times never arrived and now we are trying to fix it in the middle of a war, pandemic and massive supply shock, including for energy. It’s too easy to get it wrong and make the problem bigger.
Good times happened recently, and they've happened in the past. But no POTUS ever wants rates to go up and money to be tightened under their watch, no matter what the situation is.
We're doomed to a bust/boom cycle, because it's all we can tolerate. We can't tolerate minor pain or minor corrections if they're preventative. We can only tolerate unavoidable catastrophe.
Good times happened recently, and they've happened in the past. But no POTUS ever wants rates to go up and money to be tightened under their watch, no matter what the situation is.
We're doomed to a bust/boom cycle, because it's all we can tolerate. We can't tolerate minor pain or minor corrections if they're preventative. We can only tolerate unavoidable catastrophe.