I’m honestly growing weary of the overanalysis of this problem. Anybody who took freshman economics 101 understands that when you print and borrow $6 trillion within three months you’re going to destroy your economy. The media allowed the democrats to do it with zero scrutiny and Mitch McConnell allowed it to happen.
Inflation is the biggest regressive tax that there is, with the largest burden being carried by the poorest. Uncle Joe's solution, raise the corporate income tax rate 🤦🏼♂️. Good thinking Joe, and maybe the corporations would pass those costs along to the consumer thereby increasing inflation to an even greater extent. Demented at best.
Frankly (because I am) I believe that Democrat politicians have become so addicted to creating crises that they can can exploit with their media connections to blame on Republicans, that they just forgot that American voters tend to be smarter than Democrat politicians.
Dr. Anthony Fauci said should former President Donald Trump win the presidential election in 2024, he would not work in the White House again. That's comforting!
Wait...so Elections have CONSEQUENCES??!! Now who would have thunk it. Go ask any liberal...they will tell you they would "rather pay more for gas than have mean tweets coming from POTUS". When they say that, hand them an invoice for your last tank of gas.
Alex, I have read many times about inflation being understated from how it was calculated before. Do you know how it was calculated before and why we changed? It would be interesting to know.
According to my farmer friends "we aint seen nothin yet" Inputs into farming are up over 100% and the only reason we are not seeing those affects yet is because they are tied into contracts that will be ending this fall.
If anyone is interested in hearing about this watch Tucker Carlson interview with Alfie Oakes, who farms 3200 acres in FL. Scary stuff coming our way.
My editorial comment: we need a lot more Alfie Oakes in America!
Inflation is nothing less than actual government theft. But enough sheeple keep voting and believing these assholes, so it will get worse. I'm not sure it will get better afterwards.
Like this was NOT 100% the plan all along and those who pushed this agenda didn't know exactly what would happen and will happen. Cannot blame this on "oh I didn't know" People have such short short memories. Trump warned and warned where gas prices, costs of goods and supply chain issues would go how many times in his rallies leading up to 2020 elections. Everything he forecasted would happen has happened and then some. Just sayin...
Since 1913 the FED has inflated away the purchasing power of a dollar by 98%, in concert with the US govt of course. They get away with it because, like the frog in the pot, it happens (mostly) so slowly that most don’t notice. Or if they do it is something to complain about but not do anything about. Inflation at any level is regressive and pernicious. The argument that the economy cannot grow without inflation is the Central Bankers trick to make you think 2% a year is ok. It’s not. Inflation is just another way the central planners and the elites rob from the masses to enrich themselves.
Always remember that government likes inflation. Especially a government with large amounts of debt. The higher the inflation, the cheaper it is to service that outsized debt. The people suffer steep declines in living standards but the government gets off cheaply.
This goes farther back then what is noted here. Remember sub-prime lending which was pushed by both Clinton and Bush. The Fed came to the rescue with quantitative easing and have be doing it ever since then. The Market loves it because it helps make money for them and the pols loves it cause it made them look effective ( if you can believe that). Of course they over did it recently as these folks today are even more ignorant and greedy then they were back then.
Everything costs way much more. WWIII is about to break out. Everyone is getting Covid again. People dropping dead left and right mysteriously. What else could go wrong?
People who drive see it every time they fill up their tanks. People who grocery shop see it every week at the cash register. And people understand that the government caused it. So the idea that government is competent to fix it without creating terrible side effects is ridiculous, since they are trying to solve a problem that their screw ups created.
And I think this is also a sign that our institutions have become unhinged from reality. There's all sorts of examples; in my case, I see first hand the corruption of the education system, where merit and achievement have been thrown out the door. But we also see it with government actions; they believe that printing money with no end to finance public debt with no end is perfectly fine. They believe in these freaking mRNA vaccines though the evidence is in that they are a failure. Society needs a slap in the face to stop avoiding the truth, or we are doomed.
I’m honestly growing weary of the overanalysis of this problem. Anybody who took freshman economics 101 understands that when you print and borrow $6 trillion within three months you’re going to destroy your economy. The media allowed the democrats to do it with zero scrutiny and Mitch McConnell allowed it to happen.
Inflation is the biggest regressive tax that there is, with the largest burden being carried by the poorest. Uncle Joe's solution, raise the corporate income tax rate 🤦🏼♂️. Good thinking Joe, and maybe the corporations would pass those costs along to the consumer thereby increasing inflation to an even greater extent. Demented at best.
Frankly (because I am) I believe that Democrat politicians have become so addicted to creating crises that they can can exploit with their media connections to blame on Republicans, that they just forgot that American voters tend to be smarter than Democrat politicians.
Dr. Anthony Fauci said should former President Donald Trump win the presidential election in 2024, he would not work in the White House again. That's comforting!
Watching Biden and his minions dance around the topic and then fail to explain how taxing big corporations can fix inflation is just nauseating.
Wait...so Elections have CONSEQUENCES??!! Now who would have thunk it. Go ask any liberal...they will tell you they would "rather pay more for gas than have mean tweets coming from POTUS". When they say that, hand them an invoice for your last tank of gas.
Alex, I have read many times about inflation being understated from how it was calculated before. Do you know how it was calculated before and why we changed? It would be interesting to know.
According to my farmer friends "we aint seen nothin yet" Inputs into farming are up over 100% and the only reason we are not seeing those affects yet is because they are tied into contracts that will be ending this fall.
If anyone is interested in hearing about this watch Tucker Carlson interview with Alfie Oakes, who farms 3200 acres in FL. Scary stuff coming our way.
My editorial comment: we need a lot more Alfie Oakes in America!
Inflation is nothing less than actual government theft. But enough sheeple keep voting and believing these assholes, so it will get worse. I'm not sure it will get better afterwards.
Food riots in America, coming to a city near you. Maybe that is the real reason they built the wall around the Capitol.
Like this was NOT 100% the plan all along and those who pushed this agenda didn't know exactly what would happen and will happen. Cannot blame this on "oh I didn't know" People have such short short memories. Trump warned and warned where gas prices, costs of goods and supply chain issues would go how many times in his rallies leading up to 2020 elections. Everything he forecasted would happen has happened and then some. Just sayin...
Since 1913 the FED has inflated away the purchasing power of a dollar by 98%, in concert with the US govt of course. They get away with it because, like the frog in the pot, it happens (mostly) so slowly that most don’t notice. Or if they do it is something to complain about but not do anything about. Inflation at any level is regressive and pernicious. The argument that the economy cannot grow without inflation is the Central Bankers trick to make you think 2% a year is ok. It’s not. Inflation is just another way the central planners and the elites rob from the masses to enrich themselves.
Always remember that government likes inflation. Especially a government with large amounts of debt. The higher the inflation, the cheaper it is to service that outsized debt. The people suffer steep declines in living standards but the government gets off cheaply.
This goes farther back then what is noted here. Remember sub-prime lending which was pushed by both Clinton and Bush. The Fed came to the rescue with quantitative easing and have be doing it ever since then. The Market loves it because it helps make money for them and the pols loves it cause it made them look effective ( if you can believe that). Of course they over did it recently as these folks today are even more ignorant and greedy then they were back then.
Everything costs way much more. WWIII is about to break out. Everyone is getting Covid again. People dropping dead left and right mysteriously. What else could go wrong?
Politicians are corrupt. Period.
People who drive see it every time they fill up their tanks. People who grocery shop see it every week at the cash register. And people understand that the government caused it. So the idea that government is competent to fix it without creating terrible side effects is ridiculous, since they are trying to solve a problem that their screw ups created.
And I think this is also a sign that our institutions have become unhinged from reality. There's all sorts of examples; in my case, I see first hand the corruption of the education system, where merit and achievement have been thrown out the door. But we also see it with government actions; they believe that printing money with no end to finance public debt with no end is perfectly fine. They believe in these freaking mRNA vaccines though the evidence is in that they are a failure. Society needs a slap in the face to stop avoiding the truth, or we are doomed.