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Economist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession" (lemmy.blahaj.zone)

submitted 2 days ago by florencia@lemmy.blahaj.zone to c/whitepeopletwitter@sh.itjust.works

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Source: https://bsky.app/profile/jrothst.bsky.social/post/3liin7up3ck2z

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[–] sugar_in_your_tea@sh.itjust.works 2 points 1 day ago

Look at Milei, Trump, the far right in Britain, the AfD.

One of these is not like the other.

I think Milei is doing a fantastic job at what he set out to do: tackle inflation. He's an economist, and when he took office, inflation was 250% and rising, peaked at 300%, and now it's <100% and falling rapidly. He had to take drastic measures to fix it, similar to (and more extreme than) what we did in the late 70s and early 80s to fix stagflation, and it took years to take effect. The larger the problem, the more painful the fix, and he's taking the right approach IMO of trying to get it done ASAP so things can return back to normal more quickly.

I agree with the overall sentiment though. I'm very concerned about Trump and many of the elections over the last couple of years, as well as upcoming elections. We'll see where it all ends up though.