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View submission: Thoughts on trump’s economy?
As an economist I continue to hold the position that the economy was in very good condition at the end of Biden’s term. Inflation did flare up for three quarters and continued to be higher than the Fed’s target, however real wages were also up.
Wages had been increased to compensate for the increase in consumer prices. What’s more is that the percent growth in real wages was higher at lower income levels. Perception and reality are not always synchronous and sometimes we believe what we’re told, even when it’s wrong
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