When the messiah speaks …
Every economist, even those who may quibble with the details of the makeup in a package, will agree that if you’ve got a trillion dollars in lost demand this year, and a trillion dollars in lost demand next year, then you’ve got to have a big enough recovery package to actually make up for those lost jobs and lost demand.”
Either my credential is a bunch of BS (well, there is something to it), or somehow I changed my understanding of how economics works while I was sleeping last night. Sorta sounds like something 43 would have uttered.
Interstingly, one of my environmental econ teachers is very liberal and thinks the recession is great for our ecosystem. (The recession is giving it a break). I guess he’s not an economist either. I figured I wasn’t by default since I disagree with the chosen one.