Why are things so expensive?

[citygator]

Which part of "homelessness has not been this high" is difficult for you to understand?

We have less homeless even though we have more people. It’s been a lot higher.

 

[citygator]

Im fighting to not have open drug dens and tent cities.

Fund mental health and drug treatments then. I’m for that.

 

[Thinker101]

We have less homeless even though we have more people. It’s been a lot higher.

View attachment 924139

https://www.npr.org/homelessness-affordable-housing-crisis-rent-assistance

 

[Godboy]

Fund mental health and drug treatments then. I’m for that.

What the fuck makes you think they want treatment? Some might, but most wont. That isnt going to solve your self made problem.

 

[citygator]

What the fuck makes you think they want treatment? Some might, but most wont. That isnt going to solve your self made problem.

Then I’m not sure what you are asking the government to do.

 

[Vastator]

Crepitus tried to start a thread on this and blamed corporations, which is the only think the Left knows to do. However, the politically deranged partisan hacks are either incapable of understanding the truth, or they purposefully suppress it in order to continue business as usual for their own political wants. However, without a link and any factual backing whatsoever, the thread was closed. LOL.

Surprise, surprise.

But it is not really that hard to understand at all. Inflation is causing prices to rise, so what causes inflation?

What Causes Inflation?

What causes inflation? There is no one answer, but like so much of macroeconomics it comes down to a mix of output, money, and expectations. Supply shocks can lower an economy’s potential output, driving up prices. An increase in the money supply can stoke demand, driving up prices. And the...

hbr.org

At its root, inflation is driven by too much demand relative to supply. More precisely, as former Fed chair Ben Bernanke writes in his macroeconomics textbook with Andrew Abel: “Inflation occurs when the aggregate quantity of goods demanded at any particular price level is rising more quickly than the aggregate quantity of goods supplied at that price level.”

But what causes demand to outpace supply? That can happen for a few different reasons, and to understand them it helps to consider the three pillars of macroeconomics that David Moss describes in his book A Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know. Moss structures the book based on output (how much an economy produces), money (how much currency people have or can easily get their hands on), and expectations (what people think will happen next). All three have a role in inflation.
1. Supply shocks: Inflation often happens because of supply shocks — major disruptions to an important economic input, like energy. For example, if a lot of oil fields stop producing oil because of a war, the price of energy increases. Since energy is a critical input into almost every other good, prices of other things rise, too. This is often called “cost-push inflation.”
I would add that when there is a global war on fossil fuels, this also mandates that the reduction of fossil fuels creates a disruption. When governments around the world begin to curb the fossil fuels industry from obtaining their fossil fuels, the only possible end result will be higher prices for everything. But this article is too PC to bring this topic up. Barak Obama basically admitted to this long ago


2. Money supply: Then there’s the demand side of the equation. An increase in the money supply will tend to cause inflation, as Moss explains. “With more cash in their pockets and bank accounts, consumers often find new reasons to buy things,” he writes in the book. “But unless the supply of goods and services has increased in the meantime, the consumers’ mounting demand for products will simply bid up prices, thus stoking inflation. Economists sometimes say that inflation rises when ‘too much money is chasing too few goods.’” This is sometimes referred to as “demand-pull inflation.”

I would add that with government printing money more than ever before, the only possible result can be increased inflation. Again, the article is too PC to point this fact out as well.

3. Unemployment and inflation. Recall that the root of inflation is too much demand relative to supply. Another way of thinking about the same idea is to ask how much “slack” there is in the economy at any point in time. An economy produces stuff using people’s time and ingenuity, machines and other infrastructure, and natural resources. But for various reasons, economies sometimes don’t produce as much as they could: There are lots of workers without jobs, factories that aren’t producing anything, etc. In the wake of the 2008 financial crisis, this high unemployment happened in many countries. There was a lot of “slack” in the economy, meaning lots of economic resources weren’t being put to use.


Again, the article is too PC to bring up the fact that the worldwide Covid shutdowns did this precise thing. The fact that there is a worldwide war on fossil fuels and a worldwide economic shutdown is why there is a worldwide inflation problem. However, the insane spending in the US has made things far worse in the US.

Things are so expensive, because your dollars so much less valuable.

 

[Godboy]

Then I’m not sure what you are asking the government to do.

Kick those fucking bums out whenever you find them. They can live in the sewers for all i care. This democrat instinct to coddle troublesome people is why your party sucks and why you guys ruin cities.

 

[DBA]

Why do Red States have less homeless?

Because they harass them and make their lives miserable

Or because they have more opportunity to avoid being homeless in a lower cost of living state.

 

[Dragonlady]

You act like the rampant homelessness in your democrat cities has always been this high. Thats not true at all. The truth is, your progressive policies caused homelessness to spike dramatically, and the fact that you guys are completely incapable of recognizing your mistakes and make a course correction is why your cities fucking suck and will continue to suck.

Republicans have raised the federal minimum wage once in the past 40 years. l

The Republican destruction of the working and middle class didn't happen overnight. This has been a work in progress since Reagan restructured the American tax code to redistribute wealth in the USA, from the working and middle class, to the top earning 10% of American households.

Each successive tax cut, saw the working and middle classes lose economic ground, and the top 10% make huge gains in wealth.

Electric cars don't make sense for middle class America, and especially those who are not in large cities, with short commutes. Fossil fuels are going to be around for a long time. If electric cars were so great, why did Hertz just take a massive loss on them? Answer: because people don't want them.

Wrong. Americans don't want them because they've been brainwashed into thinking you don't need them and they don't work well - neither of which is true. All of these EV horror posts in this forum show a well coordinated propaganda campaign to keep the US from embracing ANYTHING that might slow the pace of carbon emisions and man-made climate change.

There are free EV charging areas in every mall parking lot in this area of Canada. Members of my family having been driving EV's - in Canadian winters, for at least 20 years. My daughter went back to a gas powered Jeep last summer, and she was just complaining to me how much more it's costing her to keep it on the road - not just in gas, but in parts too. None of them have had ANY of the issues you keep posting complaints about.

Electric tops 10 per cent of vehicle sales in Canada for first time

Plug-in hybrid is fastest-growing segment in electric vehicle sales in Canada.

windsorstar.com

This is from last week. Of course, gasoline costs more than $5 a gallon in Canada, so we have a LOT of incentive to make the switch.

 

[Godboy]

Republicans have raised the federal minimum wage once in the past 40 years. ll

Yeah, because we arent fucking idiots, except for that one time we raised it. We do deserve criticism for that one time.

 

[Dragonlady]

Kick those fucking bums out whenever you find them. They can live in the sewers for all i care. This democrat instinct to coddle troublesome people is why your party sucks and why you guys ruin cities.

Republicans have been disinvesting in Democrat controlled cities for decades. It's why Jackson, Miss. has drinking water problems. The state keeps taking all of the state's infrastructure money and investing it in the white suburban areas. It's what happened in Flint.

Every time blacks take over City Hall, the gerrymandered red state Houses start spreading rumours of Democratic corruption, and they stop funding any projects approved by the "corrupt city officials", since the money would just be going to line their pockets anyway.

It's the story of Flint Michigan, Jackson Mississippi,

Disinvestment in Baltimore’s Black Neighborhoods Is Foreboding but Reversible

New research finds that Baltimore’s disparities in neighborhood investment are alarming, and capital investments flow unevenly across the city.

www.urban.org

Disinvestment in Black and Latino Chicago neighborhoods is rooted in policy. Here’s how these communities continue to be held back.

It’s an oft-quoted statistic: White families have significantly more wealth than nonwhite families in America — nearly 10 times that of Black families. The racial wealth gap continues t…

www.chicagotribune.com

The legacy of structural racism: Associations between historic redlining, current mortgage lending, and health

Structural racism, which is embedded in past and present operations of the U.S. housing market, is a fundamental cause of racial health inequities. We conducted an ecologic study to 1) examine historic redlining in relation to current neighborhood lending ...

www.ncbi.nlm.nih.gov

 

[ThisIsMe]

Crepitus tried to start a thread on this and blamed corporations, which is the only think the Left knows to do. However, the politically deranged partisan hacks are either incapable of understanding the truth, or they purposefully suppress it in order to continue business as usual for their own political wants. However, without a link and any factual backing whatsoever, the thread was closed. LOL.

Surprise, surprise.

But it is not really that hard to understand at all. Inflation is causing prices to rise, so what causes inflation?

What Causes Inflation?

What causes inflation? There is no one answer, but like so much of macroeconomics it comes down to a mix of output, money, and expectations. Supply shocks can lower an economy’s potential output, driving up prices. An increase in the money supply can stoke demand, driving up prices. And the...

hbr.org

At its root, inflation is driven by too much demand relative to supply. More precisely, as former Fed chair Ben Bernanke writes in his macroeconomics textbook with Andrew Abel: “Inflation occurs when the aggregate quantity of goods demanded at any particular price level is rising more quickly than the aggregate quantity of goods supplied at that price level.”

But what causes demand to outpace supply? That can happen for a few different reasons, and to understand them it helps to consider the three pillars of macroeconomics that David Moss describes in his book A Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know. Moss structures the book based on output (how much an economy produces), money (how much currency people have or can easily get their hands on), and expectations (what people think will happen next). All three have a role in inflation.
1. Supply shocks: Inflation often happens because of supply shocks — major disruptions to an important economic input, like energy. For example, if a lot of oil fields stop producing oil because of a war, the price of energy increases. Since energy is a critical input into almost every other good, prices of other things rise, too. This is often called “cost-push inflation.”
I would add that when there is a global war on fossil fuels, this also mandates that the reduction of fossil fuels creates a disruption. When governments around the world begin to curb the fossil fuels industry from obtaining their fossil fuels, the only possible end result will be higher prices for everything. But this article is too PC to bring this topic up. Barak Obama basically admitted to this long ago


2. Money supply: Then there’s the demand side of the equation. An increase in the money supply will tend to cause inflation, as Moss explains. “With more cash in their pockets and bank accounts, consumers often find new reasons to buy things,” he writes in the book. “But unless the supply of goods and services has increased in the meantime, the consumers’ mounting demand for products will simply bid up prices, thus stoking inflation. Economists sometimes say that inflation rises when ‘too much money is chasing too few goods.’” This is sometimes referred to as “demand-pull inflation.”

I would add that with government printing money more than ever before, the only possible result can be increased inflation. Again, the article is too PC to point this fact out as well.

3. Unemployment and inflation. Recall that the root of inflation is too much demand relative to supply. Another way of thinking about the same idea is to ask how much “slack” there is in the economy at any point in time. An economy produces stuff using people’s time and ingenuity, machines and other infrastructure, and natural resources. But for various reasons, economies sometimes don’t produce as much as they could: There are lots of workers without jobs, factories that aren’t producing anything, etc. In the wake of the 2008 financial crisis, this high unemployment happened in many countries. There was a lot of “slack” in the economy, meaning lots of economic resources weren’t being put to use.


Again, the article is too PC to bring up the fact that the worldwide Covid shutdowns did this precise thing. The fact that there is a worldwide war on fossil fuels and a worldwide economic shutdown is why there is a worldwide inflation problem. However, the insane spending in the US has made things far worse in the US.

Why is everything so expensive? Well:

1) they thought that if we doubled everyone’s pay by making companies pay a $15 hr minimum wage, that somehow everyone would just have more money. They never thought when people have more money, prices go up

(And they will go up again in the future because)


2) they thought that increased taxes would be shouldered by the company, instead of the coming passing those taxes off to the consumer

 

[SootedUpCyndi]

Kick those fucking bums out whenever you find them. They can live in the sewers for all i care. This democrat instinct to coddle troublesome people is why your party sucks and why you guys ruin cities.

We took an ol friend in- he was homeless.. He knocked on our door- in the middle of a snow storm late at night. Him and his 130 lb dog!- Well he worked with my ol man in the past so we felt bad for him.... OK?
We fixed his truck- we took him to job interviews- food banks... he f'd everything up we tried to do to help- we nicked named him --- Bad Mo-joe!

He didn't want help at all.

We fed him and his cute big olf of a dog- Gave us fleas.
The dog was his better half- and the dog was popular around town- so he existed on how awesome his big dog was.
He ended up in jail- and his dog in the pound... we bailed the dog OUT with our money. Dog lived with us a few months. Do you know that un-greatful creep said to us... when he got outta jail- you stole my dog! No we saved your big dog from getting put to sleep you idiot. OOOOOOH

 

[Dragonlady]

Yeah, because we arent fucking idiots, except for that one time.

No, because you ARE fucking idiots. A healthy and thriving middle class is necessary for the survival of a capitalist economy. Republicans are killing the goose that lays the golden eggs.

3 economic crashes in the last 30 years - each worse than the last, and each preceeded by a massive tax break and transfer of wealth to the top. The worst wealth and wage inequity in the First World. The lowest minimium wages and highest poverty rates in the first world. These last two things are no unconnected.

The only nation in the First World without universal health care, paid maternity leave, or abortion on demand.

 

[Godboy]

No, because you ARE fucking idiots. A healthy and thriving middle class is necessary for the survival of a capitalist economy. Republicans are killing the goose that lays the golden eggs.

3 economic crashes in the last 30 years - each worse than the last, and each preceeded by a massive tax break and transfer of wealth to the top. The worst wealth and wage inequity in the First World. The lowest minimium wages and highest poverty rates in the first world. These last two things are no unconnected.

The only nation in the First World without universal health care, paid maternity leave, or abortion on demand.

Artificially inflating wages is a dumbfuck loser move. Your party continuously makes these dumb mistakes and you NEVER learn from it.

 

[BS Filter]

It doesn’t matter what you think the reason is. Less car sales is not an indication of DEMAND.

Right. And a burning house isn't a sign of a fire.

 

[citygator]

Right. And a burning house isn't a sign of a fire.

My point was we are selling way fewer cars now than pre Covid. It’s not an increase in demand problem from too much money. One can’t think people are both broke and spending too much money. That’s the right wing narrative. Inflation is everywhere from free money and people are broke. Pick a fucking lane right wingers.

 

[BS Filter]

My point was we are selling way fewer cars now than pre Covid. It’s not an increase in demand problem from too much money. One can’t think people are both broke and spending too much money. That’s the right wing narrative. Inflation is everywhere from free money and people are broke. Pick a fucking lane right wingers.

People in the north are not going to buy EVs. They have long winters and use lights and heat much more than the rest of the country. How are sales in Minnesota, Wisonsin, Michigan, the Dakotas?

 

[otto105]

Crepitus tried to start a thread on this and blamed corporations, which is the only think the Left knows to do. However, the politically deranged partisan hacks are either incapable of understanding the truth, or they purposefully suppress it in order to continue business as usual for their own political wants. However, without a link and any factual backing whatsoever, the thread was closed. LOL.

Surprise, surprise.

But it is not really that hard to understand at all. Inflation is causing prices to rise, so what causes inflation?

What Causes Inflation?

What causes inflation? There is no one answer, but like so much of macroeconomics it comes down to a mix of output, money, and expectations. Supply shocks can lower an economy’s potential output, driving up prices. An increase in the money supply can stoke demand, driving up prices. And the...

hbr.org

At its root, inflation is driven by too much demand relative to supply. More precisely, as former Fed chair Ben Bernanke writes in his macroeconomics textbook with Andrew Abel: “Inflation occurs when the aggregate quantity of goods demanded at any particular price level is rising more quickly than the aggregate quantity of goods supplied at that price level.”

But what causes demand to outpace supply? That can happen for a few different reasons, and to understand them it helps to consider the three pillars of macroeconomics that David Moss describes in his book A Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know. Moss structures the book based on output (how much an economy produces), money (how much currency people have or can easily get their hands on), and expectations (what people think will happen next). All three have a role in inflation.
1. Supply shocks: Inflation often happens because of supply shocks — major disruptions to an important economic input, like energy. For example, if a lot of oil fields stop producing oil because of a war, the price of energy increases. Since energy is a critical input into almost every other good, prices of other things rise, too. This is often called “cost-push inflation.”
I would add that when there is a global war on fossil fuels, this also mandates that the reduction of fossil fuels creates a disruption. When governments around the world begin to curb the fossil fuels industry from obtaining their fossil fuels, the only possible end result will be higher prices for everything. But this article is too PC to bring this topic up. Barak Obama basically admitted to this long ago


2. Money supply: Then there’s the demand side of the equation. An increase in the money supply will tend to cause inflation, as Moss explains. “With more cash in their pockets and bank accounts, consumers often find new reasons to buy things,” he writes in the book. “But unless the supply of goods and services has increased in the meantime, the consumers’ mounting demand for products will simply bid up prices, thus stoking inflation. Economists sometimes say that inflation rises when ‘too much money is chasing too few goods.’” This is sometimes referred to as “demand-pull inflation.”

I would add that with government printing money more than ever before, the only possible result can be increased inflation. Again, the article is too PC to point this fact out as well.

3. Unemployment and inflation. Recall that the root of inflation is too much demand relative to supply. Another way of thinking about the same idea is to ask how much “slack” there is in the economy at any point in time. An economy produces stuff using people’s time and ingenuity, machines and other infrastructure, and natural resources. But for various reasons, economies sometimes don’t produce as much as they could: There are lots of workers without jobs, factories that aren’t producing anything, etc. In the wake of the 2008 financial crisis, this high unemployment happened in many countries. There was a lot of “slack” in the economy, meaning lots of economic resources weren’t being put to use.


Again, the article is too PC to bring up the fact that the worldwide Covid shutdowns did this precise thing. The fact that there is a worldwide war on fossil fuels and a worldwide economic shutdown is why there is a worldwide inflation problem. However, the insane spending in the US has made things far worse in the US.

50% of the post COVID inflation was caused by corporate increases. Just look at their earnings and their affect on the stock markets.

 

[BS Filter]

Joe Biden wants to increase taxes on corporations. Who is gonna pay for that increase?