Fox cable hosts are doing the job of the chair of the White House Council of Economic Advisers, Jared Bernstein, by admitting that the economy under President Biden is strong. Bernstein joins MSNBC’s Ali Velshi to discuss the latest “expectation-busting” jobs report.
I guess I was really mistaken, and I’m sorry for calling your points BS. What I’m use to is the notion of a radical “free market” concept where there is little to no government oversight or regulation, and pushing back against that concept. When you get into planned economies, I think it looks like we have a lot more common ground than I thought. Some people draw the line in the sand of a “planned economy” as being any regulation, or any government oversight.
I would argue that still, some planned economy situations are warranted and effective if there’s a specific outcome desired, ie wartime. I’ve discussed this in university where the notions you and I agree on are encroaching into planned economy territory since there are things we allow and disallow. You’re saying you actually agree with those controls and regulations, making the discussion moot.
I still view our economy as healthy for some, unhealthy for most given the lack of protections you just agreed with me on…so…
Please accept my apologies for being salty, it turns out we agree, it’s just the way it came across to say the economy’s great when many feel it isn’t due to their outlook being worse in the present environment.
No worries, I had a similar misunderstanding. When you said “planned economy” I assumed you were a Soviet stan advocating for a “command economy” a la the teenager’s ideal of “if I was in charge…”. I didn’t think you meant injecting government planning into some aspects of a well-regulated capitalist/socialist framework.
Sounds like we’re mostly on the same page!