Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing

[Orlando Tim]

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.

[The Frankish Reich]

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

[Orlando Tim]

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. 

[The Frankish Reich]

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.

[Orlando Tim]

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. 

[B-Man]

 

 

It's the SLOGAN that fell flat  

 

 

 

[JDHillFan]

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. 

[Tommy Callahan]