Had an interesting discussion about the economy with a liberal friend of mine. He claimed that the Obama years were every bit as good as the Trump years because GDP growth and inflation have been basically the same every year since 2010 and that unemployment has been on a steady decline the entire time so Obama's policies are every bit as good as Trumps. All of those numbers are accurate, but I explained that he was missing one important aspect. In the 8 years that Obama was president, the Fed had a 0% interest rate a for 7 years and for 1 year it was at .25%. Since Trump took office the Fed has raised the rates to 3 times the max level that Obama experienced in his tenure, not even taking into account the fact that for 6 years we were doing QE. That means we have experienced the same level of growth over the last 3 years while the FED has been contracting the money supply as opposed to growing it and lending it out for free. A pretty good argument can be made that in reality the Obama economy was actually recessionary the entire time and that while Trump's economy isn't necessarily great, it is actually producing real growth.