No kidding.
The unemployment rate was about 3.9% when Trump was elected. Newsflash--that is considered full employment in economist circles. In fact, it is considered dangerous by most educated economists because labor shortages generally result in inflation. Which (coincidentally, lol?) is starting to perk up along with this "growth" that i-node crows about. If you feed an economy with liquidity, it will result in a spurt of growth, what a concept. But if it is too much liquidity, it will result in inflation over time, as the money couldn't be usefully used and, as the saying goes, bad money chases out good money. Of course, our policies are so geared toward inequality, that the extra money may also flow into the stock market and other rich boy play things (luxury houses, birthday parties, yachts, jewelry, art, etc), which is where more inflation should show up.
Let's see how sustainable this growth is over time, as I've repeatedly said, that is the true test of good economic policies. |
