That is my opinion of that matter, too. You just can't bite the hand that feeds you, now can you? Some of them are definitely getting feed well at the trough.

Exactly. Funny how those closest to the spigot are always the ones downplaying the effects. It's not ignorance — it's incentives.  


guerratotal

econ

The Myth of Long and Variable Lags

Rothbardian_fanatic

Yep, this is the point the mainstream economists and MMTers miss every time. Of course, they may be direct benefactors of this effect. I just get a little bit suspicious and cynical whenever I hear someone known to be close to the spigot, spouting off about *lags and delays* and there being no effect at all.