Posted originally on the conservative tree house on July 17, 2022 | Sundance
Jason Furman is the former Chairman of the National Economic Council under Barack Obama; he is currently a professor at Harvard teaching economics. If you ever wondered why the economy under Obama included the weakest economic recovery in history, the advice of Furman might explain it.
In an interview with CBS this morning, Jason Furman says the best way to get inflation under control is to raise taxes and stop people from spending money. This approach will impact the demand side of the economy and as a result, with no one purchasing stuff, it will lower prices. Seriously, no joke, he said this. WATCH:
Jason Furm: …”Congress should be trying to do their part and helping out if they can cut the deficit, including raising taxes on high income households, that would reduce a bit of spending in the economy, it would cool the economy down a little bit, and actually take some pressure off the Fed.”…
Create a deeper recession to control inflation, brilliant!
Like I have been pointing out for months, these ideologues believe inflation is being driven by the demand side, by consumers purchasing too much. They pretend not to know it is the supply-side issue of energy policy that is driving the CORE inflation they seek to reduce.
Harvard Economics Professor Jason Furman reminds me of this: