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The theory that preventing the United States government from spending more money will halt the cascading crisis of demand that threatens the world with recession slash depression is indeed crazy.
Brooks — whose conservative credentials (William F. Buckley, Jr., protégé, Wall Street Journal op-ed editor, Weekly Standard senior editor) aren't too shabby, either — said wonderingly, "There are a lot of Republicans up on Capitol Hill right now who are calling for a spending freeze in the middle of a recession slash depression.
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(This raised the question, of course, Who expects a President to want a recession-slash-depression?) By the spring of this year, Trump had revised his thinking about Yellen.
Trump's Yellen cycle began in October, when, in an interview with The Hill, he accused Yellen of keeping down the Fed's key interest rate, known as the Fed funds rate, because President Obama "doesn't want to have a recession-slash-depression during his administration".
Until his tragic last two years, when he fell into a depression, slashed his wrist after getting an evil review in the Times, and then was hit by a car that he either was or was not trying to avoid, his life was mostly uneventful.
Taxes were raised, spending slashed, and the depression grew even worse.
February marked the longest stretch of consecutive monthly job losses since the Great Depression, as businesses continue to slash jobs in order to survive tough times.
The key point is realizing interdependence: your spending is my income, my spending is your income, and if we all try to slash spending at the same time the result is a depression.
Remember, Herbert Hoover didn't have a problem making unpleasant decisions: he had the courage and toughness to slash spending and raise taxes in the face of the Great Depression.
And the response to these fiscal crises--frantic, savage attempts to slash spending--has pushed unemployment all around Europe's periphery to Great Depression levels, and seems at the time of writing to be pushing Europe back into outright recession.
"The choice between antidepressants and having untreated depression is not the only option". New research finds that mindfulness practices have the potential to slash health care costs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com