Once upon a time, The Economist used to be a respected publication, but unfortunately, it has been a pathetic joke for quite a while, now. Of course, that's what happens when you abandon the study of economics in favor of leftist ideology.
http://twitchy.com/dougp-3137/2022/07/30/there-it-is-allow-the-economist-to-explain-the-silver-linings-of-a-recession/
The Biden White House will be quite conflicted on the latest take in The Economist. On the one hand it’s been explained why there are “silver linings” to a recession, but on the other hand this administration is denying that the country is in a recession.
In any case, the media continues to be completely predictable when a Democrat is in the White House. Today’s examples include this take:
Economic pain is totally worth it to achieve a “green” utopia, everybody:
The Economist (@TheEconomist) ~ Lower inflation and greener energy are worth the price of a short downturn
http://www.economist.com/leaders/2022/07/27/the-silver-linings-of-a-recession?utm_medium=social-media.content.np&;utm_source=twitter&utm_campaign=editorial-social&utm_content=discovery.content
“Lower inflation and greener energy are worth the price of a short downturn.”
Gee, they seem quite confident “greener energy” will bring down inflation and that the downturn brought about by printing trillions to bring that about will only be a short one. Good luck with all that. Of course, these are likely the same economists who said there wouldn’t be inflation in the first place.
Mark McKillen (@MarkMcKillen) ~ How is this a real article?
Well, Mark it's real in the sense that this libtard magazine did publish it, [i[BUT[/i] there's no intellectual thought behind it, so it's ...
And the circle is complete:
Marc-Anton Flohr (@maflohr) ~
* There will be no inflation.
* Inflation will be transitory.
* Inflation is good.
* Inflation only hurts the rich.
* Inflation is the consumers' fault.
* Inflation is the fault of greedy businesses.
* Inflation is Putin's fault.
* There will be a soft landing.
* There will be a soft-ish landing.
* There is no recession.
* Recession is good.
🤡
Amazing. If a recession has silver linings we can’t want to see how wonderful the Biden depression is!
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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