Bad Economics takes (@badecon_takes) 's Twitter Profile
Bad Economics takes

@badecon_takes

Posting bad economic takes, retweets equal good takes, dms open for submissions.

ID: 1834552517050408960

calendar_today13-09-2024 11:20:09

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Andrew Lautz (@andrew_lautz) 's Twitter Profile Photo

Trillions in additional borrowing would also add enormous net interest expense. Every $1 trillion in additional borrowing = $190 billion in interest expense. That's full R&D expensing, or 10 years of CHIP spending...just on interest payments.

Trillions in additional borrowing would also add enormous net interest expense. Every $1 trillion in additional borrowing = $190 billion in interest expense.

That's full R&D expensing, or 10 years of CHIP spending...just on interest payments.
Bad Economics takes (@badecon_takes) 's Twitter Profile Photo

inflation isn’t near the 2% target and recently rose yet he wants to lower rates which would increases money currently in supply thus increasing inflation.

inflation isn’t near the 2% target and recently rose yet he wants to lower rates which would increases money currently in supply thus increasing inflation.
Bad Economics takes (@badecon_takes) 's Twitter Profile Photo

Both of these claims are wrong the average American has a way better standard of living compared to people in 1913 while currencies have existed before governments have existed.

Both of these claims are wrong the average American has a way better standard of living compared to people in 1913 while currencies have existed before governments have existed.
Bad Economics takes (@badecon_takes) 's Twitter Profile Photo

The claim about most families not having a grand save is a lie that needs to die. The median transaction amount that the average American has saved is 8k.

The claim about most families not having a grand save is a lie that needs to die. The median transaction amount that the average American has saved is 8k.
Bad Economics takes (@badecon_takes) 's Twitter Profile Photo

Jan 20 2021 to Jan 20th 2025 was under Biden since Trump took office for his second term the stock market crashed in the last 5 days S&P 500 lost 3.5 trillion dollars and overall stock market went down 1.15 trillion.

Jan 20 2021 to Jan 20th 2025 was under Biden since Trump took office for his second term the stock market crashed in the last 5 days S&P 500 lost 3.5 trillion dollars and overall stock market went down 1.15 trillion.
Bad Economics takes (@badecon_takes) 's Twitter Profile Photo

I can’t stress this enough but America voting in Trump for a second time has to be one of the worse decision this country has ever made.