No, your eyes are not deceiving you.
After we published our HOTLINE item on the craziness of the Fed’s continuing devotion to the illogic of the Phillips Curve – the theory that to cut inflation you have to put more Americans in unemployment lines and slow economic activity – a reader sent us this video of none other than Alexandria Ocasio-Cortez a member of the notorious “Squad.”
We’ve had many run-ins with AOC, but we almost fell off our chairs when we watched her 2019 interchange with Fed Chairman Jerome Powell. It was a masterful TKO of the Fed’s flawed economic model and their allergic reaction to jobs and growth. We may strongly disagree with AOC and her tribe about HOW to create prosperity, but it’s a small victory they at least WANT growth and jobs and prosperity – as we do.