Millions of families have been getting kicked in the teeth for years — and will keep getting kicked, whether a recession arrives or not. Share
In the contrast between elites — in Washington and on Wall Street — and the working-class Americans across our country, two words banded about in recent months stand out: “soft landing.”
In economic parlance, the term refers to whether a combination of monetary policy decisions by the Federal Reserve, macroeconomic forces, and sheer good luck can manage to lower inflation levels without crushing economic activity to the point that it causes a recession and/or massive job losses.
But to people in the nation’s heartland, the words “soft landing,” as they relate to our economy, represent something between a misnomer and an insult. On multiple levels, millions of families have been getting kicked in the teeth for years — and will keep getting kicked, […]
Read the Whole Article From the Source: thefederalist.com
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