This is a fairly recent post to be doing this for. But it is getting some attention. Why?
The last GDP report was not that great. It was about 1 1/2 per cent growth. That is below what Kudlow is talking about in this video.
Could that be the reason for the interest?
I have this suspicion about the Federal Reserve System. Indeed, the Fed can induce recessions through tight monetary policy. The Fed can also induce growth through a loose monetary policy. Don't believe that? It is implied in the Humphrey-Hawkins law, which provides guidance for the Federal Reserve in its policy making.
Consequently, if there's inflation, the Fed is causing it. If there's a recession, the government is causing it. That may be an over-simplification, but there is that implication in the law that the Fed does have a say in how the economy peforms.
Therefore, when Trump says the interest rates are too high, he's saying that the Fed is sabotaging the economy. Think about that one for a moment, if you please.
As for the statistics, it was once said that there are lies, damned lies, and statistics. You can get stats to say whatever you want them to say. Just sayin'.
"Lefties will be disappointed." Doomers and gloomers will have nothing to talk about. Maybe they'll invent something, eh?
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