It seems to be interesting I mean what Mr Kevin Hassett says the “Butterfly at Ceiling” and reversing the depressed economy and less unemployment all that stuffs.
He says that “I find it useful when thinking about the Friedman model to use an alternate analogy. Imagine that you are in a room with an upward sloping ceiling. There is a butterfly in the room that wants to escape, and it follows the ceiling up and up over time.
If the height of the butterfly represents gross domestic product, we can say that the economy is generally trending higher. If it happens to flutter down far away from the ceiling, that means its next movement is likely to be steeply back up.
The hard part, of course, is figuring out whether a given decline is lasting bad news or a temporary pluck.”
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