ACTUALLY || Time and time again—sometimes less often, sometimes more often—I hear economic liberals exaggerate their warnings. With its constant beeping of the alarm.
They exaggerate with warnings to politicians (and their constituents) against excessive taxation and the giving away of government money, they exaggerate with warnings against excessive state debt, they exaggerate with warnings against too slow and too indecisive a fight against high inflation; in short: they exaggerate far too much with their gloom.
Are these accusations against them justified?
Reach only for examples from the most recent time. For years, economic liberals were ridiculed for exaggerating the threat of a collapse in the high-risk mortgage lending market… Until 2007, when the “crisis of the century” broke out.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
