By slowing down you mean not growing at 4%?
There was a lot wrong going into the depression. Globalists love to pin it on tarrifs. Could not have possibly been 6% Fed Fund rates.
The Fed causes every recession.
Sowell doesn’t account for rising wages in his diatribe on tarrifs. Doesn’t take into account the hundreds of billions of $ in IP theft.
It’s a complicated issue and for him and us to call it a success or failure in a couple of sentences, when the effects are barely visible is disingenuous at best.
He devalues his argument based on his hatred of Trump. It’s also not 1929. They didn’t have 10 years of 0% interest rates. We are in uncharted waters.
Anybody who thinks differently is wrong.
Yes. The Fed was absolutely to blame. Not for high rates as Bernanke likes to claim, but for ten years of low rates which funded a lot of unsustainable projects.
The Fed causes every recession.
Agreed. But Smoot-Hawley was the cause of the rural banking collapse, which in turn caused the Wall Street banking collapse.
Sowell doesn’t account for rising wages in his diatribe on tarrifs.
Wages are just another price.
Doesn’t take into account the hundreds of billions of $ in IP theft.
IP isn't property, so copying isn't theft. But that's another debate.
It’s a complicated issue and for him and us to call it a success or failure in a couple of sentences, when the effects are barely visible is disingenuous at best.
Premature perhaps. But economists are in the business of making predictions.
He devalues his argument based on his hatred of Trump.
Yeah, I think there's definitely some bias at work.
It’s also not 1929. They didn’t have 10 years of 0% interest rates.
They did have ten years of artificially low interest rates though. That's what caused the "Roaring Twenties".
We are in uncharted waters.
We always are.