Talking about the inability to forsee bad policies having very negative outcomes.
The 2008 crisis and 2009 recession is far different then what we are facing now. In 2009 governments spent their way out of a crisis. In this case, they have to do the exact opposite.
This video I linked is dated Nov 2021, far before any Russian invasion. Our inflation woes were happening regardless of the war in Ukraine, it just exacerbated it (which wouldn't be as much of an issue had policies not parroted the term transitory for so long).
Blaming the war is a convenient copout.
Last edited by Firebot; 10-19-2022 at 12:58 PM.
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