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ProfessorGAC

(72,676 posts)

10. Laffer Admitted As Much

Reply to Wounded Bear (Reply #3)

Wed Apr 2, 2025, 03:58 PM

Apr 2

Many years after supply side was considered a valid fiscal policy, he admitted he had no data or analysis to back up his counterintuitive ideas.
He just wanted it to work.
It didn't.
Unfortunately, it met the political goals of the Ronnie administration, and then the sanctimonious jerks at Univ of Chicago cheated their way to Nobels & other sources of credibility.

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100% the goal of all these tariff games are to get Jerome Powell to budge [View all] uponit7771 Apr 2 OP

If tariffs raise inflation before they cause a recession, I don't see how spooky3 Apr 2 #1

YEP!! Inflation is already here with consumer spending net falling in all 3 months uponit7771 Apr 2 #5

The last inflation number was not good. * 617Blue Apr 2 #2

Right and people are still pre inflation buying uponit7771 Apr 2 #6

Tarriffs are more likely to raise inflation, and thus the Fed will raise interest rates... Wounded Bear Apr 2 #3

Laffer Admitted As Much ProfessorGAC Apr 2 #10

I agree with all of this Prairie Gates Apr 2 #4

Needs adult supervision. moondust Apr 2 #7

Krasnov does not have the authority to Fire Jerome. gab13by13 Apr 2 #8

Powell's term ends May 15 2026 so he can nominate a loyalist then wishstar Apr 2 #9