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Posted on 1/23/18 at 4:21 am to Hades
It’s what you want. Admit it. And STFU.
Posted on 1/23/18 at 5:58 am to Hades
He may run it hot, but you can't refrain from making long-term policy improvements (tax reform) for fear of short-term economic impacts.
His repeal of regulations may be reversed, but tax reform is here to stay. That's worth some short-term pain, in my view. But I'm also not convinced we are close to overheating yet. Inflation is still pretty meager and the labor market (especially when considering broader measures of un/underemployment like the U-6 rate) still has a lot of slack in it. Interest rates are still low, which also suggest we're not in the 9th inning yet.
His repeal of regulations may be reversed, but tax reform is here to stay. That's worth some short-term pain, in my view. But I'm also not convinced we are close to overheating yet. Inflation is still pretty meager and the labor market (especially when considering broader measures of un/underemployment like the U-6 rate) still has a lot of slack in it. Interest rates are still low, which also suggest we're not in the 9th inning yet.
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