I know I'm preaching to the choir. Democrats with lots of Republican support are going to bring out the price ceilings and increase government "aid" as a gesture of empathy. All the price pressure is baked into the economy. The "multipliers" that Keynesians are so fond of using to favor lax fiscal policy actually apply to what is happening with inflation.
How many years away are we from anyone in the administration doing the right thing by cutting government spending on all fronts, including reducing the federal workforce? And George W. Bush ran in 2000 on the economy. Astronomical growth in government and our deficit ensued through five and a half presidential terms so far. Covid-19 may have accelerated things by a few years, but the conditions were already present.
Read an article yesterday that said, by the old method used during the Carter Administration, Carter's high was 14.5% and Xiden has eclipsed that by roughly 2% at 16.5%.
PNK, "grim" is a hell of an understatement, we aren't looking at "inflation" but "collapse," globally! The differences in America in 2022 vs in 1978 is that we don't have the capacity to survive, with our "service economy." What idiot ever thought that was a good idea.
Thanks a million PNK.
Update: thanks a billion.
I know I'm preaching to the choir. Democrats with lots of Republican support are going to bring out the price ceilings and increase government "aid" as a gesture of empathy. All the price pressure is baked into the economy. The "multipliers" that Keynesians are so fond of using to favor lax fiscal policy actually apply to what is happening with inflation.
How many years away are we from anyone in the administration doing the right thing by cutting government spending on all fronts, including reducing the federal workforce? And George W. Bush ran in 2000 on the economy. Astronomical growth in government and our deficit ensued through five and a half presidential terms so far. Covid-19 may have accelerated things by a few years, but the conditions were already present.
All tied to lockdowns and our stupid hysterical response to Covid. All of it.
Read an article yesterday that said, by the old method used during the Carter Administration, Carter's high was 14.5% and Xiden has eclipsed that by roughly 2% at 16.5%.
PNK, "grim" is a hell of an understatement, we aren't looking at "inflation" but "collapse," globally! The differences in America in 2022 vs in 1978 is that we don't have the capacity to survive, with our "service economy." What idiot ever thought that was a good idea.