So you enjoyed the 1070s..........."Welcome black Carter"

But overall inflation is moderate. So overall, the economy will be stimulated. I haven't seen any sharp increases in food prices like the article suggests, but maybe that's a regional thing. Though some may have to tighten their belts on discretionary spending, the economy is growing which means more jobs which means more spending which means more jobs. This is the cycle that must be created, even if it means that some have to give up eating at the Olive Garden every weekend for a while. It's only temporary.

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As I grow older, I grow wiser. The wiser I become, the more I understand how little I know. sunwestdog
Life isn't fair. But people should be. sunwestdog
I reject your reality and substitute my own. Adam Savage

Some of the smartest people I know don't have the common sense enought to get out of the rain...........see Avatar

Opinion pieces citing key economists. Find an economist that says Bernake and Greenspan are wrong? I looked. Found nothing. Maybe you'll have better luck.

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As I grow older, I grow wiser. The wiser I become, the more I understand how little I know. sunwestdog
Life isn't fair. But people should be. sunwestdog
I reject your reality and substitute my own. Adam Savage

damn you are dense.............no discretionary spending capablilty = no growth. What is so hard to understand about that?

Interesting view.

I'm not talking about people who can afford to eat at the olive garden. Let's look at those who are currently unemployed, lost thier homes, and now cannot afford to put gas in their vehicles or eat more than once a day.

Do I want to pay $3.98 for tomatos? (which is the price at a grocery store here, $2.98 at Wally World) Nope. But at least I can afford to if that is what I want.

I'm not sure where the economy is growing, when no one can afford to spend. Heck, I just saw an article that said housing starts dumped in February.

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Your life is the sum total of the choices you make.
If you don't laugh at yourself, a whole bunch of people will volunteer to do it for you
I never lose. I either win, or I learn....

You are missing the point of your "research" Inflation on FOOD and FUEL only is BAD..............Inflation on discretionary items is good, because it pumps more money into more places, instead of it being horded away not doing anything.............That is NOT the case when its only the basics. It also leads to LESS money going into the government coffers, as their is NO TAX on unprepared food. Its a double whammy in this instance.

Yes I certainly did. But as I indicated, I have no idea about it's effects on the over all economy. I just know what worked for me and my family. We had CDs drawing pretty good interest and even in the 90s I think we a had a couple that drew 6% or better. I had --my family--more disposable income than now.

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The leading cause of death among U.S. police officers in 2021 was covid-19

https://nleomf.org/wp-content/upload...-Final-web.pdf

Let's see, we have a small town boy who was taught hard work by his parents. Worked through High School and worked his way through college waiting tables and doing construction. Perfect SAT score, Ph.D from MIT writing a thesis named "Long-term commitments, dynamic optimization, and the business cycle". And because you feel you have a lick of horse sense and can probably milk a cow, you're qualified to school him on economics.

So are all intelligent well educated people lacking common sense? I'm sure there are some, but is he one of them? Are you sure? You don't become chairman of the fed by being a dolt that doesn't know to come out of the rain.

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As I grow older, I grow wiser. The wiser I become, the more I understand how little I know. sunwestdog
Life isn't fair. But people should be. sunwestdog
I reject your reality and substitute my own. Adam Savage

I don't want to speak out of my ass, so let me do a little research to check the veracity of you claim. Got to go to Wal-mart right now to spend money on some basics and perhaps a few discretionary items.

__________________
As I grow older, I grow wiser. The wiser I become, the more I understand how little I know. sunwestdog
Life isn't fair. But people should be. sunwestdog
I reject your reality and substitute my own. Adam Savage