MAGA Is Based on Fear, Not Grounded in Reality
MAGA
U.S. Politics. Make America Great Again: a presidential campaign slogan used by Donald J. Trump.
A few days ago, Kristi Noem, the Republican governor of South Dakota — a MAGA hard-liner sometimes mentioned as a potential running mate for Donald Trump — warned that President Biden is “remaking” America, turning us into Europe. My first thought was: So he’s going to raise our life expectancy by five or six years? In context, however, it was clear that Noem believes, or expects her audience to believe, that Europe is a scene of havoc wrought by hordes of immigrants.
Our Economy Isn’t ‘Goldilocks.’ It’s Better.
“Let’s be honest, this is a good economy.”
So declared Jerome Powell, the chair of the Federal Reserve, in his news conference on Wednesday after the Fed’s latest policy meeting. He’s right, even if the public isn’t fully convinced (although the gap between economic perceptions and reality seems to be narrowing). In fact, Powell is clearly wrestling with a dilemma many countries wish they had: What’s the right monetary policy when the news is good on just about all fronts?
Contrary to what you may have heard, this is not a “Goldilocks economy” — get your children’s stories right, folks! Goldilocks found a bowl of porridge that was neither too hot nor too cold. We have an economy that is both piping hot (in terms of growth and job creation) and refreshingly cool (in terms of inflation).
Its nickname is the Goldilocks Bird, because it nests only when water levels are "just right". 它的昵稱叫「恰好鳥」，因為它們只在水位剛好的地方築巢。
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