Science is objective. Medicine is objective. But economics is not objective. Whatever economists are telling @JoeBiden to go slow on those $2k checks is giving him information they might think makes economic sense but it doesn’t make humanitarian, political or psychological sense

Jan 27, 2021 · 10:33 PM UTC

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You should educate yourself, check out @StephanieKelton
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Oh but every other country can?
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Replying to @marwilliamson @JoeBiden
"Go slow on those 2k checks..." As if Biden isn't looking for every way he can to go back to the 600 he was at before TRUMP forced Biden's hand by declaring he was for 2k. Without Trump every Dem would be telling us 600 was good enough and congratulating themselves for it.
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Replying to @marwilliamson @JoeBiden
Actually...economics is and can be objective. It would be wise to remake this criticism
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Replying to @marwilliamson @JoeBiden
Going slow will increase the PTSD we suffer as Americans in this crises. That will be a cost we will all have to pay for for many years. It has to figured into any decisions or a bad decision is likely to be made. It is one of the most important variables.
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Replying to @marwilliamson @JoeBiden
I have no doubt you'll agree with me that we need to redefine "economic sense".
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Replying to @marwilliamson @rob_notter @JoeBiden
Larry summers from the shadows.
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Replying to @marwilliamson @JoeBiden
It doesn't make economic sense though.
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Replying to @marwilliamson @JoeBiden
It results from the unfortunate mixing of positive and normative in economics. Economists should really be giving information on empirical, objective phenomena. They've no business passing on their personal ethical or normative views about what they think makes "economic sense."
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Replying to @marwilliamson @JoeBiden
Give it time people Biden just got in office. Cool down. We'll get the money. He promised it and he will deliver. Biden inherited a mess. He's got a lot of cleaning to do.
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