Inflation is 3 percent

[Lightbringer]

Yea I know. Once again the Supply Siders were wrong. Which not exactly a surprise there as they have not ever once made a prediction that was right.

Once again Keynesian economics saves the day during an economic crises.

Things are going quite well in favor of Biden being re-elected. All the key metrics are going his way. SCOTUS hasn’t exactly been helping the GOP with their recent reactionary decisions either.

Yep.

Except for one thing, neo-Keynesian economics IS supply side.

 

[ptif219]

They should at least leave them the same, maybe hike them one more time for good measure, but nobody wants inflation below 2%, that is historically low anyway.

Some of your friends believe deflation is a good idea.

It was below 2 when Biden took office

 

[Lightbringer]

It was below 2 when Biden took office

And below 2 is fantasy land. Will you admit that?

 

[ptif219]

And below 2 is fantasy land. Will you admit that?

Why we were there in January of 2021 when Biden took office. What is fantasy is thAT IT WILL STAY LOW

 

[Lightbringer]

Why we were there in January of 2021 when Biden took office. What is fantasy is thAT IT WILL STAY LOW

Wut?

 

[PostmodernProphet]

AGAIN...

I'm a coward who won't provide links when I know you will realize what I am saying is a lie if you knew where it came from

I believe I brought that up before.....

 

[floridafan]

Nope. That's inflation.

YOU don't get to dictate prices.

So long as people continue to pay inflated prices, corporations will continue to raise them.

 

[Mott the Hoople]

Yep.

Except for one thing, neo-Keynesian economics IS supply side.

Why do you make crazy comments like that. Unless you explain your comment it’s just an argument from authority logical fallacy.

But I’ll take your bait. You crazy. Keynesian and Neo-Keynesian are both focused on different aspects of the demand side of economics. Supply Side…as the name implies doesn’t.

 

[Jarod]

It was below 2 when Biden took office

Yup, a global pandemic will cause that.

 

[Into the Night]

Now you tink Biden is a Wizard.

AGAIN...

Not because of Biden. Despite him. Production is up because a court threw out Biden's ban on oil. Oh...and 333 is less than 452. I guess you didn't pass your math tests at school.

If Biden America can produce more crude (offshore and total domestic) than Trumps

Biden isn't producing it.

and yet somehow that 'reduces domestic supply' that is some black magic shit. Or...ORRRR you are lying again.

It is YOU that is lying...by omission. Production is up because a court threw out Biden's ban on oil. It still hasn't reached what it was under Trump.

And Biden pumping 'fake money' into the economy coming out of the pandemic recession is how every government since the great depression has mitigated and softened recessions and made the recovery easier. It is the reason Bidens current economy is booming and the terrible times you Derps were predicting did not come.

Keynesian economics doesn't work. It causes the very economic depression we are in right now. You can't print your way to prosperity. Money isn't wealth.

Sucks you guys could not crush the American economy with the debt ceiling right?

There is no such thing as a 'debt ceiling'. The current debt owed by the 'federal' government is over $32 trillion. There is no way it can pay it back.

Looks like Biden is likely to ride a booming economy into the next election.

Economic depression is not a 'booming economy'. High inflation is not a 'booming economy'.

 

[evince]

Yea I know. Once again the Supply Siders were wrong. Which not exactly a surprise there as they have not ever once made a prediction that was right.

Once again Keynesian economics saves the day during an economic crises.

Things are going quite well in favor of Biden being re-elected. All the key metrics are going his way. SCOTUS hasn’t exactly been helping the GOP with their recent reactionary decisions either.

This is why the Republican Party tries to do economics without math

Math destroys their theories on economics

 

[evince]

So long as people continue to pay inflated prices, corporations will continue to raise them.

Unless we the people regulate them

 

[evince]

Yep.

Except for one thing, neo-Keynesian economics IS supply side.

Link



Now we are all Keynesians

 

[evince]

Remember when the nation agreed to do Keynesian economics to save us from the Bush crash in 2008?




Republicans actually said it

 

[evince]

https://en.m.wikipedia.org/wiki/We_...eynesians now,by U.S. president Richard Nixon.




"We are all Keynesians now" is a famous phrase attributed to Milton Friedman and later rephrased by U.S. president Richard Nixon. It is popularly associated with the reluctant embrace in a time of financial crisis of Keynesian economics, for example, fiscal stimulus, by individuals such as Nixon who had formerly favored less interventionist policies

 

[evince]

The phrase gained new life in the midst of the global financial crisis of 2008, when economists called for massive investment in infrastructure and job creation as a means of economic stimulation.[12][13]

 

[evince]

Keynes ideas just keep being used to fix the messes republican deregulation causes over and over and over



Why do their lies about deregulation still stand at all?

 

[Mott the Hoople]

This is why the Republican Party tries to do economics without math

Math destroys their theories on economics

It has nothing to do with math Desh. It has everything to do with rationalizing enrichment of the wealthy at everyone else’s expense.

 

[PostmodernProphet]

It has nothing to do with math Desh. It has everything to do with rationalizing enrichment of the wealthy at everyone else’s expense.

why pretend its at every one else's expense when over half of Americans pay no federal income taxes.....

 

[Lionfish]

Biden has committed several acts of treason and broken most of immigration law.
...or should I say...Obama.