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by slg
1352 days ago
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That is a semantic debate on whether we cross an axis on a graph and we won't know whether that will happen until after the fact. We are intervening to make the economy smaller than if we didn't intervene. I think that qualifies as "shrinking" even if the growth is what is shrinking and not the overall economy. |
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Depends on what time scale we're thinking about. True in the short-term, but I think the long-term expectation is that growth will be more stable, and therefore greater, with this short-term intervention.
> I think that qualifies as "shrinking"
Yes, and no. Yes, in that oh-so-important technical, relative sense. No, in that it's not the best choice of words.