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| John Maynard Keynes |
Pilgrim, despite early on, most economist predicting that we would slip into a recession this year … it still hasn’t yet happened. To me, our fire-hose $2 trillion government deficit spending is the reason … at cross purposes to the Fed raising rates.
Wasn’t government stimulus spending a basic lesson of Keynesian economics to defeat recessions?
Only now it’s like theFed stomping on the break and Biden hitting the accelerator at the same time. Not a good way to drive a country!
STAND UP TO CROSS PURPOSES!
4 comments:
Actually. Heel-and-toe is an advanced driving technique in manual shift cars that lets you raise the engine speed while braking to enable a smooth downshift. Rather like you stated. Only professionals do it.
https://en.m.wikipedia.org/wiki/Heel-and-toe_shifting
As is doubly-clutching …
Not quite. Double clutching involves no braking, and requires pausing in neutral to raise or lower the RPMs and then clutching to move (smoothly) into the target gear. Or grinding.
Aren’t both used to ease a downshift?
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