In Biden's first year, economic growth reached a 37-year high

[Into the Night]

Economic shrinkage is the opposite of economic growth. Inflation can coexist with economic growth.

Inflation is not growth.

 

[Into the Night]

You only need two nations to have a full scale war.

Nope. You only need two or more factions.

The American Civil War had only one nation involved, and it was a full scale war.

America has never had a civil war.

Even if you argue the Confederacy was its own nation, that only makes two.

The Confederate States of America (CSA) was it's own nation. I don't need to argue it. It simply was it's own nation at the time.

There is clearly a full scale war in Europe, but luckily not a Europe-wide war in Europe.

Did you forget the Charlemagne wars? or the Napoleonic wars? or WW1 or WW2?????!?

Biden has a 50 year career of sitting down with different parties and working things out.

HAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHA! You're deluded!

For you not to realize this is saying a lot about you.

Attempted proof by delusion.

 

[Into the Night]

The technical definition of hyperinflation

There is no 'technical definition' of hyperinflation! HAHAHAHAHAHAHAHAHAHAHAHA!

is usually an annualized rate of 10,000%.

Argument form randU fallacy. There is no such 'technical definition'.

That is the point people really start to lose any faith in their money.

WRONG. People are losing faith in the dollar even now. They are already looking around for another currency or dumping dollars by converting them to hard investments (investments in wealth directly).

50% would just be very high inflation, of the sort we see in third world nations.

There is no such thing as a 'third world'. There is only one Earth.

Double digit inflation would be considered high for a first world nation.

There is no such thing as a 'first world'. There is only one Earth.

We have not even seen double digit inflation, and are nowhere near hyperinflation.

You can't just wish it's not happening, dude.

There is absolutely no reason to believe there will be hyperinflation.

No? It's ALREADY HERE.

In fact, the mortgage market is pricing in long term inflation of under 4%.

Making up numbers and using them as data is a fallacy, dude.

That is higher than the target of 2%, but nowhere near 10,000%.

You are just deluding yourself again.

 

[Into the Night]

Consumer debt rose by 1.7% last quarter, so not through the roof. Non-housing consumer debt has been very level for a long time now, if you throw in as a percent of the GDP average, and it has been going down a bit.

https://www.newyorkfed.org/newsevents/news/research/2022/20220510
https://www.newyorkfed.org/microeconomics/hhdc

Lie. Consumer debt has increased by 47% since Biden was installed. Beef prices has increased by 75%. Gasoline prices have increased by some 155%. The price of lumber has increased almost 250%. Shortages of various items is now common. Inflation is not an improved economy.

 

[Into the Night]

No, I think people spending 14% more for 6% more stuff is a 6% growth with 8% inflation.

Inflation is not growth. You are making up numbers again.

 

[Into the Night]

Again, Night just sounds like an idiot. Core inflation may not be his preferred metric, but it is a real metric, that really exists, and a lot of economists think it is a good metric.

There is no such thing as 'core inflation', dumbass!

You don't get to speak for everyone. You only get to speak for you. You are not God.

 

[Into the Night]

Post-WWII France.

France was in dire straits during that time. The Franc failed because of inflation! France had to start issuing a 'new franc'.

The Roman Empire existed for 400 years with severe inflation problems, and then the Western Roman Empire died with deflation.

No. It died because the barbarians destroyed the empire.