Subject: Re: Krugman on the Fed
I’m not sure he has a firm grasp on economic theory.
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I'm not sure either. He thinks other countries pay tariffs not Americans

He did get rather testy when Walmart pointed it out to people. The mystery taxpayer has no clothes?

Despite so many odd "experiments" going on in the steering of the US economy, I rather expect aggregate US corporate profits to hold up pretty well in the next several years, since they are almost necessary (in the current situation) macroeconomic flip side of the giant government deficit which clearly isn't going to go away. For anyone interested in the reasoning, I highly recommend this post about the Kalecki Profit Equation to get a feel for it. https://blog.variantperception...

Jim