What if you were an accountant and had to state something about the well-being of a person’s finances or company’s finances. Leaving aside the subtleties, you have to state the value of things in some sort of holistic fashion. For example, if your costs go up, it’s not interesting or informative if you don’t also state whether the value of your holdings and income go up and any collateral effects such as taxes. Right?
As so many gold bugs, crytpo-cultists, and all-around economics-for-idiots do, inflation is the only metric they understand and use it like fortune tellers use tea leaves. At best. The complexities of an economic system are largely reduced to this.
In this particular simple piece, you have someone concerned about economic stimulus driving the market and inequality. If this were a true concern, I would have thought that Trump’s giant tax break for the wealthy and corporations would have concerned him as well, since taxes are the one thing that have a direct affect on inequality.
Guess what? Mr. Couch stayed on the couch for that one. But, when it comes to using an economic approach that has repeatedly succeeded in reducing inequality and taking economies out of slumps, the cushions are quiet.
His concern is the market, not the well-being of the economy in general let alone the majority of Americans who have little to nothing in the market.
So, folks, don’t fall for this nonsense again.