Wow. Ok, I lean left and you lean right so obviously we're going to differ on some things. But, conceptually, you'd think those things would all be values-related things. In this case what you're saying conflicts with my mental model of the world. The basic "reality" that I live in.
I don't have a point to make, just expressing how weird it is to me to see someone write that.
Lets focus specifically on Durable Goods, since we have a decent measure of their demand (not just their production). The recovery here is incomplete, but it's we are about halfway from trough to peak.
It doesn't surprise me that what I'm saying conflicts with your model of the world. It conflicts with my old model, and nukes my favorite possible solution (tax cuts) as well. But the data is the data, and all we can do is try to build new models which fit it.
The economy has changed, and our old models don't work very well anymore. We need new models.
Wow. Ok, I lean left and you lean right so obviously we're going to differ on some things. But, conceptually, you'd think those things would all be values-related things. In this case what you're saying conflicts with my mental model of the world. The basic "reality" that I live in.
I don't have a point to make, just expressing how weird it is to me to see someone write that.