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Thread: "I Told You So" - Larry Summers Gloats About Being Right On Inflation

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    Quote Originally Posted by evince View Post
    Inflation is part of capitalism


    Do you righties now hate capitalism?
    Well, I am not a rightie.

    But this inflation jump is NOTHING to do with 'capitalism'.
    It's to do with government spending/meddling.

    That was the point that both the Fed and Larry Summers have made.

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    Quote Originally Posted by Althea View Post
    LMFAO...'govt. spending'

    You're killing me.
    Fine...where is your link from people of equal stature in economics to Larry Summers and the Fed - that say the OP is wrong?
    I guarantee that you cannot provide one.
    Which means your ad hominem is nothing but trolling.


    Or did you just make all that nonsense up?
    Or read it in a 'self-help' novel?

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    Quote Originally Posted by McRocket View Post
    Well, I am not a rightie.

    But this inflation jump is NOTHING to do with 'capitalism'.
    It's to do with government spending/meddling.

    That was the point that both the Fed and Larry Summers have made.
    Why are you lying we can read the internet you know so just stop lying

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    Quote Originally Posted by evince View Post
    https://en.m.wikipedia.org/wiki/Business_cycle



    Business cycle fluctuations are usually characterized by general upswings and downturns in a span of macroeconomic variables. The individual episodes of expansion/recession occur with changing duration and intensity over time. Typically their periodicity has a wide range from around 2 to 10 years (the technical phrase "stochastic cycle" is often used in statistics to describe this kind of process.) Such flexible knowledge about the frequency of business cycles can actually be included in their mathematical study, using a Bayesian statistical paradigm.[2]
    whats funny is that think this makes your point while it makes Sanders'
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by McRocket View Post
    Well, I am not a rightie.

    But this inflation jump is NOTHING to do with 'capitalism'.
    It's to do with government spending/meddling.

    That was the point that both the Fed and Larry Summers have made.
    its funny when fringe lefties pretend to understand economics
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by evince View Post
    https://en.m.wikipedia.org/wiki/Business_cycle



    Business cycle fluctuations are usually characterized by general upswings and downturns in a span of macroeconomic variables. The individual episodes of expansion/recession occur with changing duration and intensity over time. Typically their periodicity has a wide range from around 2 to 10 years (the technical phrase "stochastic cycle" is often used in statistics to describe this kind of process.) Such flexible knowledge about the frequency of business cycles can actually be included in their mathematical study, using a Bayesian statistical paradigm.[2]
    You are calling the inflation due to a business cycle?

    For fuck's sakes bitch...think?

    The left is calling the inflation rise to do with supply problems resulting from the Covid Depression/recovery.
    And that is NOT cyclical.

    The right/center are calling the inflation due to excessive government/Fed spending.
    Again...NOT cyclical.


    So explain to us all, cow?
    How the fuck this inflation - which BOTH sides are saying is NOTHING to do with a cyclical economy.
    Is caused by a cyclical economy (your business cycle fluctuations)?

    DUH!!!

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    Quote Originally Posted by McRocket View Post
    And it's even funnier when macroeconomic ignoramuses like you.
    Have nothing but ad hominem trolling to cover up the fact they have not a fucking clue how macroeconomics works.

    Okay troll?
    Show us all a link that proves I and the Fed and Larry Summers are wrong about this?


    I GUARANTEE that you cannot.


    I have seen your posts on this.
    You are clueless...like most idiots who watch CNBC a couple times a week and think they 'know it'.
    You are a macroeconomic child.
    I gather you do not make note of who I am responding to

    Originally Posted by evince
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    Quote Originally Posted by Celticguy View Post
    I gather you do not make note of who I am responding to

    Originally Posted by evince
    My apologies.

    But from your post to me?
    It looked like you were talking to me.

    If I was wrong.

    I sincerely apologize and will withdraw the post.

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    Quote Originally Posted by McRocket View Post
    My apologies.

    But from your post to me?
    It looked like you were talking to me.

    If I was wrong.

    I sincerely apologize and will withdraw the post.

    no problem brother
    "Those who vote decide nothing. Those who count the vote decide everything." Joseph Stalin
    The USA has lost WWIV to China with no other weapons but China Virus and some cash to buy democrats.

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    It's a tax on the poor. Why does Brandon hate the poor so much?

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    Quote Originally Posted by McRocket View Post
    Fine...where is your link from people of equal stature in economics to Larry Summers and the Fed - that say the OP is wrong?
    I guarantee that you cannot provide one.
    Which means your ad hominem is nothing but trolling.


    Or did you just make all that nonsense up?
    Or read it in a 'self-help' novel?
    Read the thread
    Once in a while you get shown the light, in the strangest of places if you look at it right.

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    What's going to make this round of inflation worse is that the government won't be raising the prime interest rate, because if they do the interest on the national debt will cripple the economy further. Last time inflation was bad (Carter), at least the interest on savings and such climbed with it. This gave people a reasonable chance to keep up if they had a bit of extra money.
    This time, unless you have access to tangible wealth (like gold or silver), or can get into investments like real estate or stocks, you are screwed. You have no real means of keeping up with inflation as you paycheck won't.

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    Quote Originally Posted by katzgar View Post
    you posted a stupid article, that makes you a moron
    It's better than anything you've ever posted, you inbred, drug-addled waste of flesh!

    McRocket is an equal-opportunity offender, I admire that in a fella.

    He don't give a fuck! I have no doubt he'll offend me at some point. It's all part of the game.
    Last edited by Matt Dillon; 12-27-2021 at 06:13 PM.

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    Quote Originally Posted by evince View Post
    Inflation is part of the business cycle

    This inflation and supply shortage is caused directly by the government.

  19. The Following User Says Thank You to Matt Dillon For This Post:

    McRocket (12-28-2021)

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