COVID caused inflation - not Biden

[ZenMode]

POTUS has nothing to do with Fed policy...unless you are trump.

I'm thrilled to be earning decent money on my cash again, but this inflation has little to do with any Fed policy. There is a gross shortage of many raw materials across the world.


Will we learn from it?

Right, the cause of inflation is multi faceted. One of those facets is too much money being pumped into the economy by the current administration and the previous administration.

 

[Into the Night]

These are YOUR fallacies and math errors. Only YOU can correct them.

 

[Into the Night]

Right, the cause of inflation is multi faceted. One of those facets is too much money being pumped into the economy by the current administration and the previous administration.

The cause is Congress. Remember Congress??? You know, that bunch of morons that created the Federal Reserve bank? The House that tells it what to print?

 

[Althea]

Right, the cause of inflation is multi faceted. One of those facets is too much money being pumped into the economy by the current administration and the previous administration.

That's a tough call, but yes. With millions of people out of work, the govt. threw money at the problem with little or no oversight. The Feds aren't really set up to manage these programs.

Perhaps more troubling, was the years long Fed policy of buying corporate bonds in order to prop up the market during the pandemic. For some reason, those who own the nation cannot lose on their investments as you or I would.

Corporate profits are through the roof in this time of inflation. Now that the Fed stopped buying the bonds, the market is normalizing.

Hard to avoid pointing the fingers where they belong. Directly at price gougers who are taking advantage of the supply chain issues.

 

[RB 60]

These are YOUR fallacies and math errors. Only YOU can correct them.

Do you want to quiz me on math?

 

[Into the Night]

Do you want to quiz me on math?

Why?

 

[RB 60]

Why?

You claim I made math errors. I say I didn't. Show me my mistakes.

 

[Monad Portal]

That's a tough call, but yes. With millions of people out of work, the govt. threw money at the problem with little or no oversight. The Feds aren't really set up to manage these programs.

Perhaps more troubling, was the years long Fed policy of buying corporate bonds in order to prop up the market during the pandemic. For some reason, those who own the nation cannot lose on their investments as you or I would.

Corporate profits are through the roof in this time of inflation. Now that the Fed stopped buying the bonds, the market is normalizing.

Hard to avoid pointing the fingers where they belong. Directly at price gougers who are taking advantage of the supply chain issues.

according to your own post the finger can be pointed at the lockdowners, and the fed.

you can't even follow your own evidence to proper conclusions.

 

[zymurgy]

Corporate profits are crazy high, odd how inflation seems to be so good for them...

this is retarded thinking from the typical retarded left. This is why we need to turn away for liberals - you are economic morons

if corporations get greedy and raise prices, we as consumers have less money to spend on other corporate products or services. We would not see prices go up across all sectors in this scenario as corporate greed would reduce demand elsewhere as consumers would have to start making choices

yet we are seeing an increased cost on all goods and services everywhere.

the real horror here is your vote is equal to mine, yet you are retarded going around saying idiotic things

 

[Althea]

this is retarded thinking from the typical retarded left. This is why we need to turn away for liberals - you are economic morons

if corporations get greedy and raise prices, we as consumers have less money to spend on other corporate products or services. We would not see prices go up across all sectors in this scenario as corporate greed would reduce demand elsewhere as consumers would have to start making choices

yet we are seeing an increased cost on all goods and services everywhere.

the real horror here is your vote is equal to mine, yet you are retarded going around saying idiotic things

LOL. You didn't address the record profits.

 

[zymurgy]

LOL. You didn't address the record profits.

record profits during record monetary expansion?

that explains itself. Whenever we create new money - the wealthy get it first, before it fully loses its purchasing power

so in periods where we heavily ramp up the printing of new money, the rich especially benefit and the poor especially get screwed

 

[Into the Night]

You claim I made math errors. I say I didn't. Show me my mistakes.

Already did. RQAA.

 

[Into the Night]

this is retarded thinking from the typical retarded left. This is why we need to turn away for liberals - you are economic morons

if corporations get greedy and raise prices, we as consumers have less money to spend on other corporate products or services. We would not see prices go up across all sectors in this scenario as corporate greed would reduce demand elsewhere as consumers would have to start making choices

yet we are seeing an increased cost on all goods and services everywhere.

the real horror here is your vote is equal to mine, yet you are retarded going around saying idiotic things

Liberals
1) Don't believe any corporation or business should make a profit.
2) Don't understand that any corporation or businesses that fails make profit for long enough will BE OUT OF BUSINESS.
3) Don't understand market forces, the concept of competition, or anything about the free market.
4) Don't understand price discovery.

Instead, they constantly argue to implement fascism and communism as 'solutions'.

 

[Into the Night]

LOL. You didn't address the record profits.

Why? Who are YOU to determine if a corporation or business is making too much money??????!?

 

[Into the Night]

record profits during record monetary expansion?

that explains itself. Whenever we create new money - the wealthy get it first, before it fully loses its purchasing power

so in periods where we heavily ramp up the printing of new money, the rich especially benefit and the poor especially get screwed

How do the rich (or the poor for that matter!) benefit from the devaluing of the dollar??????!? The only one that benefits is the government.

 

[Althea]

record profits during record monetary expansion?

that explains itself. Whenever we create new money - the wealthy get it first, before it fully loses its purchasing power

so in periods where we heavily ramp up the printing of new money, the rich especially benefit and the poor especially get screwed

You're speaking in generalizations.

The Fed stopped pumping billions directly into the market this year. Now investors are raping the consumer because they might not be getting the same ROI from the Fed.

Stop babbling.

 

[ExpressLane]

And we see that in the timing. Inflation STARTED under Trump. But partisan right-wing hacks keep repeating that it was "Biden's policies" that started it.

It's economics 101. Economists were saying fairly consistently throughout 2020 (and even in 2019) that inflation would be inevitable after some of the supply chain issues & surging demand we had due to the pandemic.

Oh - and that is also why it was a GLOBAL issue. Think about that one too, partisan right-wing hacks. I know you love to blame Biden for everything, but no President could have stopped this. And if you want to blame a President, blame the guy it started under.

Inflation was 1.4% when Biden took office. Now it is around 8.5%

 

[RB 60]

Already did. RQAA.

Whatever that means...