I thought Tucker's dialogue on the US Economy and how the Biden administrations is responsible for its woes was over-the-top but it was well put together. If you're into bashing the Biden administration and the liberal left Ds, it resonates. My take is that its journalistic hyperbole designed to shape a particular narrative.
Economics is hard. I managed an overall C in 4 semesters of it at M in the 60s, the department dominated by Milton Freidman's economic thinking. I remember little except that I was taught about Friedman's “Stabilization” policies. That refers to correcting the normal behavior of the business cycle thus enhancing economic stability. The term generally refers to "demand management" by Fiscal and Monetary policy to reduce normal fluctuations and output. Also referred to as "keeping the economy on an even keel."
The Biden administration's spending, as a matter of fiscal policy, would be inconsistent with Friedman's approach. This is one specific area that Biden (well, the congressional political left that he seems to be catering to) deserves criticism if you are a follower of Friedman's views. The problem I have with Carlson's criticisms are that they lack context. If he had offered conflicting viewpoints, such viewpoints based on opposing economic philosophies, e.g., MMT, and compared and contrasted them, his piece would have had some weight.
To me all he did was run videos of Biden, Janet Yellen, Larry Summers et.al. making them look stupid by extension the current administration's economic policies are stupid. People are going to look stupid trying to explain complex economic principles in 15 second takes. Low hanging fruit for Carlson that he exploits. None of these people, including Biden's writers, are likely to be "stupid" if you were to read anything they have written or published.
Shaping a narrative, whether it is fact based or biased toward a political viewpoint, is the task of today for political journalism. That viewpoint is important to understand, to recognize when it's happening and to work to understand that other narratives exist.
Economics is hard. I managed an overall C in 4 semesters of it at M in the 60s, the department dominated by Milton Freidman's economic thinking. I remember little except that I was taught about Friedman's “Stabilization” policies. That refers to correcting the normal behavior of the business cycle thus enhancing economic stability. The term generally refers to "demand management" by Fiscal and Monetary policy to reduce normal fluctuations and output. Also referred to as "keeping the economy on an even keel."
The Biden administration's spending, as a matter of fiscal policy, would be inconsistent with Friedman's approach. This is one specific area that Biden (well, the congressional political left that he seems to be catering to) deserves criticism if you are a follower of Friedman's views. The problem I have with Carlson's criticisms are that they lack context. If he had offered conflicting viewpoints, such viewpoints based on opposing economic philosophies, e.g., MMT, and compared and contrasted them, his piece would have had some weight.
To me all he did was run videos of Biden, Janet Yellen, Larry Summers et.al. making them look stupid by extension the current administration's economic policies are stupid. People are going to look stupid trying to explain complex economic principles in 15 second takes. Low hanging fruit for Carlson that he exploits. None of these people, including Biden's writers, are likely to be "stupid" if you were to read anything they have written or published.
Shaping a narrative, whether it is fact based or biased toward a political viewpoint, is the task of today for political journalism. That viewpoint is important to understand, to recognize when it's happening and to work to understand that other narratives exist.
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