Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

Summary

This quote suggests that macroeconomic policy cannot be approached without considering politics. It recognizes that making decisions about economic policy involves making difficult choices and balancing competing interests. It implies that these policies have varying impacts on different groups of people, highlighting the importance of understanding the political dimensions and consequences of economic decision-making. Ultimately, it suggests that macroeconomic policy cannot be separated from political considerations as it shapes the distribution of benefits and burdens in society.

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