Originally Posted by Robbie

Oh, I'm sorry Professor.
Why are you bothering to post here on GFY? With all this knowledge of how the economy works shouldn't you be richer than Trump?

Seriously bro...get over yourself. My "argument" is that regulation went TOO FAR.
The statistics speak for themselves.

And I said pretty clearly that I hope the pendulum doesn't swing too far the other way now.

There IS a sweet spot. And if egghead economists actually KNEW what they were doing...then we would never have any economic ups and downs.

Reality is: Economics is a lot like SEO work. It's presented as "mysterious"...but in reality, nobody, and I mean nobody can accurately predict the future.

Yes, the economy will go down. And yes it will rise again.

The Federal Govt. has no constitutional role to interfere in any way.
That changed (not the constitutional role...but the govt. interfering anyway "role") when the Federal Reserve was created and controlling interest rates.

But we still have recessions and recovery because even they can't predict what is coming.

Meanwhile, our economy is doing better than anyone ever thought.

Bet you didn't see this coming in your crystal ball now did you?

And Pres. Obama told us that GDP of 1.9% was the new "norm" and "those jobs aren't coming back" and other stupid shit.

No my friend. It's YOUR argument that has no merit.

But we can both agree that sooner or later the economy will collapse again. It's inevitable.
I think "later". You seem to be cheering for "sooner".