ian bremmer

@ianbremmer ↗

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Last Checked Sept. 14, 2022

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Mon Nov 29 21:05:27 +0000 2021

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ian bremmer @ianbremmer

And, despite rising inflation, the economy is by no means overheating, as evidenced by the fact that GDP is still 2.6% below pre-pandemic trend and employment hasn’t fully recovered. [8/19] — PolitiTweet.org

Posted Nov. 29, 2021 Hibernated

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ian bremmer @ianbremmer

Thanks to the American Rescue Plan, the economy is now booming: bankruptcies were avoided, jobs are plentiful, wages are growing, households are flush, & absolute poverty is down. If the price to pay was a temporary increase in inflation, it was worth it. [7/19] — PolitiTweet.org

Posted Nov. 29, 2021 Hibernated

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ian bremmer @ianbremmer

Rather than being caused by excessive government spending, inflation is a consequence of the pandemic, which shifted spending away from services and toward goods, destroyed productive capacity, disrupted supply chains, and reallocated labor. [9/19] https://t.co/zKnL1MAUDU — PolitiTweet.org

Posted Nov. 29, 2021 Hibernated