The bizarre aspect of the Post’s editorial is that it indicates zero knowledge of the Medicare program.Healthcare spending has actually been failing as a share of GDP since the pandemic.
The economy is on a path of healthy growth again. The return to positive productivity growth indicates that many of the problems are behind us and the economy will look much more normal going forward.
Headlines about high inflation continue to feed into commentaries demanding that the US Federal Reserve increase interest rates to curtail demand. It is not even the best way to contain rising prices.
The Fed’s high interest rate approach to stemming inflation is about reducing the bargaining power of workers, and especially workers at the lower end of the wage ladder.
We’ve gotten back the vast majority of jobs we lost during the pandemic. The economy is almost back to its pre-recession growth path. It would be a mistake for the Fed to aggressively raise interest rates to counteract inflation.
