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OT: American Politics

hockeylover said:

View: https://bsky.app/profile/carlquintanilla.bsky.social/post/3llvsnfpv2c27
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I still can't get over how many times I heard all of these concerns from pseudo economists over the last 20 years about Stagflation every time the US government enacted an expensive policy that might help anyone but the super wealthy.

Well, the US just opened the door to stagflation and Leeroy Jenkins'd through it and I'm not seeing it mentioned at all by the stagflation doomsayers.
 
MindzEye said:
I still can't get over how many times I heard all of these concerns from pseudo economists over the last 20 years about Stagflation every time the US government enacted an expensive policy that might help anyone but the super wealthy.

Well, the US just opened the door to stagflation and Leeroy Jenkins'd through it and I'm not seeing it mentioned at all by the stagflation doomsayers.
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Holy fuck, he hasn't mentioned stagflation once, but this is the first pseudo economist I've seen get this right

1743703104438.png

It's not just the cost of imports that are going up. All of those USD pouring outward into foreign economies is a pressure release valve that allows American consumers to...well..fucking consume, without competing for the same domestic basket of products against each other with those dollars.
 
MindzEye said:
Holy fuck, he hasn't mentioned stagflation once, but this is the first pseudo economist I've seen get this right

View attachment 25547

It's not just the cost of imports that are going up. All of those USD pouring outward into foreign economies is a pressure release valve that allows American consumers to...well..fucking consume, without competing for the same domestic basket of products against each other with those dollars.
Click to expand...

And, on top of this, Dotard is gonna force some lackey to pump up the money supply after he fires Powell.
 
lecoqsportif said:
I heard a succinct point a few days ago:

The US is suffering from too much scarcity. Dotard’s solution is to increase scarcity.

Anyway, I agree with Murphy. This isn’t about trade or geopolitics, it’s an authoritarian power play.
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In his mind, like in most authoritatian's minds, it's all the same thing.

they really do believe that they alone can fix it
 
MindzEye said:
Holy fuck, he hasn't mentioned stagflation once, but this is the first pseudo economist I've seen get this right

View attachment 25547

It's not just the cost of imports that are going up. All of those USD pouring outward into foreign economies is a pressure release valve that allows American consumers to...well..fucking consume, without competing for the same domestic basket of products against each other with those dollars.
Click to expand...

and for anyone who looks at that equation and gives the econ 101 answer: Well, that means companies will just invest in more capacity and the prices will come down. Fucking lol. Did the covid greedflation cycle teach us nothing? Price increases are permanent. Producers will manage supply, they'll break the fucking law and collude to manage supply together if necessary, to avoid prices reaching econ 101 defined price equilibrium.
 
MindzEye said:
Holy fuck, he hasn't mentioned stagflation once, but this is the first pseudo economist I've seen get this right

View attachment 25547

It's not just the cost of imports that are going up. All of those USD pouring outward into foreign economies is a pressure release valve that allows American consumers to...well..fucking consume, without competing for the same domestic basket of products against each other with those dollars.
Click to expand...
dotard is fundamentally changing the formula that underpins basically everything in our modern, globalized economy. it's gonna really fuck shit up. some folks are waking up to this, others deliberately stick their heads in the sand, and others are happy if it means their librul neighbours will starve before they do?
 
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