Orlando Tim Posted Monday at 07:14 PM Share Posted Monday at 07:14 PM On 4/25/2024 at 2:24 PM, The Frankish Reich said: On the macro economic scale, an overheated economy means inflation. We just had that. The Fed raised rates to try to get things back in balance. So far it seems to be happening. Why is this bad? Inflation was bad, the cure for inflation is bad, everything is bad ... Are you actually this blind to how bad the government has screwed things up that you believe the inflation is even 25% from a hot economy? The inflation is from printing a huge amount of cash and paying it to people for not working. If you want to blame Trump for not squashing it is one thing but to pretend that this inflation is from a good thing is absurd. Anyone with a minimal amount of understanding of economics knew the inflation from the pay puts would be massive, the only ones saying different were being paid by the government. 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted Monday at 09:09 PM Share Posted Monday at 09:09 PM 1 hour ago, Orlando Tim said: Are you actually this blind to how bad the government has screwed things up that you believe the inflation is even 25% from a hot economy? The inflation is from printing a huge amount of cash and paying it to people for not working. If you want to blame Trump for not squashing it is one thing but to pretend that this inflation is from a good thing is absurd. Anyone with a minimal amount of understanding of economics knew the inflation from the pay puts would be massive, the only ones saying different were being paid by the government. https://www.economist.com/finance-and-economics/2024/01/17/what-economists-have-learnt-from-the-post-pandemic-business-cycle 1 Link to comment Share on other sites More sharing options...
Orlando Tim Posted Monday at 09:50 PM Share Posted Monday at 09:50 PM 25 minutes ago, The Frankish Reich said: https://www.economist.com/finance-and-economics/2024/01/17/what-economists-have-learnt-from-the-post-pandemic-business-cycle So you farm out your thinking to "experts"? Any expert that denies that putting 5 trillion dollars into an economy without any sort of increase in production in a short period of time would cause quick and massive inflation is stupid. We have simply stretched out the inflation for a while longer than it would have hit without the government hiring more people. 2 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted Monday at 10:22 PM Share Posted Monday at 10:22 PM 29 minutes ago, Orlando Tim said: So you farm out your thinking to "experts"? You don't seem to know it, but you are giving us a generalized monetarist explanation for inflation, typically associated with an expert, Milton Friedman. I am pointing out that a pure monetarist explanation doesn't work so well with what we've seen going on in national and the world economy, and that therefore economists are turning back to what business cycle theories have taught us over the years. Your expert, my expert. Unless of course there's a hidden Orlando Theory of Inflation that hasn't been publicized. 1 Link to comment Share on other sites More sharing options...
Orlando Tim Posted Tuesday at 12:26 AM Share Posted Tuesday at 12:26 AM 1 hour ago, The Frankish Reich said: You don't seem to know it, but you are giving us a generalized monetarist explanation for inflation, typically associated with an expert, Milton Friedman. I am pointing out that a pure monetarist explanation doesn't work so well with what we've seen going on in national and the world economy, and that therefore economists are turning back to what business cycle theories have taught us over the years. Your expert, my expert. Unless of course there's a hidden Orlando Theory of Inflation that hasn't been publicized. You are trying to make complicated what is tried and true and actually simple. A large scale introduction of money without the product to back it up has ALWAYS caused inflation, generally quicker then what we have seen but ALWAYS. To nitpick why since 2019 the overall inflation impact is now 40% vs possibly 35% can be discussed since it is not as if we can carve out every detail easily. 1 Link to comment Share on other sites More sharing options...
B-Man Posted Tuesday at 11:29 PM Share Posted Tuesday at 11:29 PM It's the SLOGAN that fell flat 1 1 Link to comment Share on other sites More sharing options...
JDHillFan Posted Tuesday at 11:32 PM Share Posted Tuesday at 11:32 PM On 7/12/2023 at 1:19 PM, Joe Ferguson forever said: Love that he coopted the derogatory "Bidenomics" title and turned it into a slogan. ⬆️ Redhawk hardest hit. 2 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted yesterday at 03:08 PM Share Posted yesterday at 03:08 PM 1 Link to comment Share on other sites More sharing options...
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Tommy Callahan Posted 2 hours ago Share Posted 2 hours ago This economy and bidens base turning into brown shirts is not helping bidens chances. Link to comment Share on other sites More sharing options...
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