The great thing about price inflation (which thank goodness we don't call it what it really is, currency devaluation, or what it REALLY is, State thievery) is our wonderful government causes the problem, and only our wonderful government can fix it for us!
Pandemic mis-management, an economically illiterate President and Democrats, monetary inflation are the problems.
Price instability is caused by monetary inflation (caused by trillions of $ from thin air being pumped into the economy and far too low interest rates). Jobs are created when increased output is needed to meet demand, but output cannot be increased because money is being taken away from the wealth generators (the people who invest to increase output) and put in the hands of consumers whose demand so far exceeds supply, that price and wage inflation is inevitable.
Low interest rates, pumping ever more money into the economy, tackling (ineffectually anyway) the symptoms not the cause is not the solution.
Cancelling the XL pipeline, making domestic oil/gas extraction more difficult and costly, Russian sanctions means investors have already priced all that into fossil fuel futures contracts so prices will be up in 3, 6, 12 months time. It is an incentive for domestic and global producers to hold back supply to the current market to sell in months time when prices are on the up.
The problem with politicians is the fatal conceit - they believe complex systems, climate, economy, epidemics can be controlled by clever them, by ‘policies’, taxes and legislation and a lot of huffing and puffing.
But what about scary Putin?? He's still in play and according to the Brandon regime, all of our woes are Putin's fault. Using that logic there's no way to get out of any of this without getting rid of scary Putin first. (which I'm NOT advocating for, just sharing an observation). 😀
My now-favorite vocabulary word "moron(s)" is so overworked these days, a labor complaint is likely to be filed against me by the language center of my brain.
As if it's the Feds job to provide employment.
The great thing about price inflation (which thank goodness we don't call it what it really is, currency devaluation, or what it REALLY is, State thievery) is our wonderful government causes the problem, and only our wonderful government can fix it for us!
Another win-win for the State!
Pandemic mis-management, an economically illiterate President and Democrats, monetary inflation are the problems.
Price instability is caused by monetary inflation (caused by trillions of $ from thin air being pumped into the economy and far too low interest rates). Jobs are created when increased output is needed to meet demand, but output cannot be increased because money is being taken away from the wealth generators (the people who invest to increase output) and put in the hands of consumers whose demand so far exceeds supply, that price and wage inflation is inevitable.
Low interest rates, pumping ever more money into the economy, tackling (ineffectually anyway) the symptoms not the cause is not the solution.
Cancelling the XL pipeline, making domestic oil/gas extraction more difficult and costly, Russian sanctions means investors have already priced all that into fossil fuel futures contracts so prices will be up in 3, 6, 12 months time. It is an incentive for domestic and global producers to hold back supply to the current market to sell in months time when prices are on the up.
The problem with politicians is the fatal conceit - they believe complex systems, climate, economy, epidemics can be controlled by clever them, by ‘policies’, taxes and legislation and a lot of huffing and puffing.
It's amazing what you notice when you DON'T watch TV at all.
The wide open eyes and exaggerated head movements make her look quite mentally unstable, quite frankly.
What exactly is 10% of $30Billion?
Doubtful Biden can focus on anything but his next meal or next Hunter kickback.
"This is a consequence of having an effective strategy against the pandemic."
How can that sentence not be satire???
China is America's friend. China loves America. China absolutely does not control American media, entertainment, or social channels.
Arguments to the contrary are disinformation subject to federal prosecution. Have a great day!
But what about scary Putin?? He's still in play and according to the Brandon regime, all of our woes are Putin's fault. Using that logic there's no way to get out of any of this without getting rid of scary Putin first. (which I'm NOT advocating for, just sharing an observation). 😀
My now-favorite vocabulary word "moron(s)" is so overworked these days, a labor complaint is likely to be filed against me by the language center of my brain.
The two missions (stabilize the dollar/ensure full employment) are incompatible.