I can't really understand this line of argument-would it be better if unemployment in a country goes up and GDP goes down?
No, It’s great that GDP has been higher in the short term and that unemployment has remained low. It’s just the potential ‘cost’ of this
My point has always been that if you have to print more to achieve this, it debases the currency and can cause inflation. Ultimately this costs everyone and usually the poorest the most (inflation and/or debasing a currency is probably the least progressive form of ‘taxation’)
As I was saying to shmmeee, you can’t knock US recent economic performance, it’s been head and shoulders the strongest around. However, gdp is now slowing a bit and unemployment is creeping up, so has the last three years been a short term shot in the arm or a more longer term structural improvement. Only time will tell
ps still better than trump who probably would’ve borrowed/printed more to cut taxes for the richest.