Economy GOP back to Inflation worries. "Hyperinflation" (Update: 2022 Inflation Highest in 40 Years)

[SBJJ]

Lol at the posters who denied we even were experiencing inflation now trying to tell everyone how to combat it.

 

[Rob Battisti]

This is a global supply problem brought on by the pandemic. The entire world is feeling it.

Definitely not money printing or anything regarding fiscal policy

 

[Jack V Savage]

And everyone living in the real world knows the real inflation number is around 25 to 30%.

LOL!

Can someone explain how Trump would’ve prevented this inflation the entire world is seeing?

I’ll wait

Silly that people try to make it a political thing. That's a general issue with discussions about any economic numbers. Given the supply constraints (supply-chain bottlenecks and less than full capacity for a lot of workers), the only way we wouldn't have high inflation at this time would be if there were a deep recession.

 

[Rob Battisti]

LOL!



Silly that people try to make it a political thing. That's a general issue with discussions about any economic numbers. Given the supply constraints (supply-chain bottlenecks and less than full capacity for a lot of workers), the only way we wouldn't have high inflation at this time would be if there were a deep recession.

Who could have seen this coming?

 

[StoneColdSteveAustin]

LOL!



Silly that people try to make it a political thing. That's a general issue with discussions about any economic numbers. Given the supply constraints (supply-chain bottlenecks and less than full capacity for a lot of workers), the only way we wouldn't have high inflation at this time would be if there were a deep recession.

To put the blame on one mans back seems dishonest

 

[CantCucktheTuck]

LOL!


.

You think inflation is at the fantasy land rate of 7%? It’s clearly closer to 25-30%.

 

[SBJJ]

Who could have seen this coming?

Some of us predicted it a year ago and we were called CT nuts

 

[Jack V Savage]

You think inflation is at the fantasy land rate of 7%? It’s clearly closer to 25-30%.

I already said LOL. Think about the implications of such a crazy claim (what's real GDP if your numbers are correct? What impact would you expect in that case?).

 

[Jack V Savage]

Who could have seen this coming?

Wasn't your theory something about the money supply?

 

[Jack V Savage]

To put the blame on one mans back seems dishonest

Politics in general, yeah. And who knows what people believe? Not sure it's exactly that they know it's false and say something else as much as they just feel bad about the president not being in their party and look for something to justify that.

 

[StoneColdSteveAustin]

Politics in general, yeah. And who knows what people believe? Not sure it's exactly that they know it's false and say something else as much as they just feel bad about the president not being in their party and look for something to justify that.

I notice they don’t like Biden has some “spending” bills and people on the right are blaming him for that. They also stay quiet about Trump adding trillion to the debt even before the pandemic started

 

[Rob Battisti]

Wasn't your theory something about the money supply?

Increasing money supply leading to increased inflation, yes.

By pre-1980 CPI changes were actually at 14% currently. I originally was going to bet you two other things, national gas over $4 and double digit CPI. Not sure if we will hit double digit CPI, but I wouldn’t be shocked at 8%.

 

[Jack V Savage]

Increasing money supply leading to increased inflation, yes.

Yeah, so A) I don't think you could say you saw it coming and B) I'd think you'd agree that it's silly to blame it on the president.

By pre-1980 CPI changes were actually at 14% currently. I originally was going to bet you two other things, national gas over $4 and double digit CPI. Not sure if we will hit double digit CPI, but I wouldn’t be shocked at 8%.

Your first claim is false, and weird. Any methodology that had it at 14% should be laughed off, as that would indicate we're in a massive recession, but then why are jobs growing (to name just one of many, many stats that are inconsistent with that claim)? It's not really possible for the numbers to be that far off, as lots of things kind of fit like a puzzle.

Current gas average is well under $4, and still looks unlikely to hit that level. We won't hit double-digit CPI.[/QUOTE]

 

[Jack V Savage]

I notice they don’t like Biden has some “spending” bills and people on the right are blaming him for that. They also stay quiet about Trump adding trillion to the debt even before the pandemic started

You can't even really blame these guys. They don't know WTF they're talking about, but the media they read (or watch, as a lot of these guys aren't big readers) tells them to get mad. It's a sad situation.

 

[rob mafia]

Can someone explain how Trump would’ve prevented this inflation the entire world is seeing?


I’ll wait

seriously?

not cutting down the workforce via vaccine mandates, resulting in wage spikes via worker shortages (and wages don't go down, unlike some other things)
not shutting down our oil production/etc (we were oil independent under trump), resulting in these notorious gas/energy prices

2 super obvious ones, just for starters

additionally, the crazy spending bills and "surge to the border" ($$$$$ in border patrol/ice/migrant costs) bullshit don't help. trump's spending was pretty high... but this is madness.

Except trumps trade war, tariffs and tax cuts were all failures. Any other hot takes for us today cosplayer?

WAT

you moved your own goalposts? after one post? holy shit.

 

[rob mafia]

To put the blame on one mans back seems dishonest

weird, since that's the one man signing these pieces of bullshit and enacting them...

You can't even really blame these guys. They don't know WTF they're talking about, but the media they read (or watch, as a lot of these guys aren't big readers) tells them to get mad. It's a sad situation.

...says the one who's getting assblasted on his sig bet on this very topic.

 

[Bargey]

Can you imagine what these leftist posters would be saying if Trump was in power with this economy?

They’re in total denial as evidenced by @Jack V Savage and that other little leftist parrot.

This is a failure of Government in the clearest way.

 

[jeremyemilio]

Interesting to see how there are people ITT who think a different president would have made a difference in the effects of this,

or this,
https://www.nytimes.com/2021/06/01/business/coronavirus-global-shortages.htmlhttps://www.nytimes.com/2021/06/01/business/coronavirus-global-shortages.html

Stupid talking points on both "sides." There is no one side to inflation.

Inflation is just a word for what happens when too much money chases too few goods.

You're emphasizing the too few goods factor.

Doesn't mean that there's not also a too much money factor.

You literally cannot have inflation with just one of those factors. It takes both. Because "too much" and "too few" in this instance are relative terms.

By definition in an inflationary environment there are always too few goods (relative to money supply) and there is always too much money (relative to the supply of goods). Because, again:

The definition of inflation is too much money chasing too few goods.

 

[SBJJ]

They’re in total denial as evidenced by @Jack V Savage and that other little leftist parrot.

This is a failure of Government in the clearest way.

Just look at the early posts in this very thread. These guys wouldn't even admit there was any inflation.

 

[cottagecheesefan]

Can you imagine what these leftist posters would be saying if Trump was in power with this economy?

Or if he attempted to try and force a mandate for the vaccine he helps create?