The Boomcession: Why Americans Hate What Looks Like an Economic Boom
The models used by policymakers to understand wages, economic growth, and consumer spending are misleading. That’s why corporate America is having a party, and everyone else is mad…
Matt Stoller wtites on Substack
Yesterday, Donald Trump nominated candidate Kevin Walsh to become Chair of the Federal Reserve. Warsh is mostly an orthodox Wall Street GOP pick, though he is married to the billionaire heiress of the Estee Lauder fortune and was named in the Epstein files. He’s perceived not as a Trump loyalist but as an avatar of capital; here’s Obama advisor and Democratic economist Jason Furman making the case for Warsh.
Kevin Warsh is well above the bar on both substance and independence to be Chair of the Federal Reserve.
Read Full Article: https://www.thelibertybeacon.com/the-boomcession-why-americans-hate-what-looks-like-an-economic-boom/
