The damage from inflation does not go away, it is cumulative. Only deflation counters inflation.

[ColonelAngus]

If we have 8% Year over year inflation in 2022, that 8% is always with us.

This BS from Biden that inflation is only temporary is a lie for people who do not understand economics.

If you have 5% in 2021, 8% in 2022, and lets say back to 3% in 2023....and use 2020 as a baseline:

At the end of 2023, you are 1.05*1.08*1.03 from the beginning of 2020. That is 17% inflation over the 3 years.

The only way to get back to where we started is for NEGATIVE INFLATION....DEFLATION. If we go to -3% growth in 2023, we now have this equation:

1.05*1.08*.97= Now we are only 10% about the beginning of 2020.

Why do you people CONTINUE to listen to the LIES from the Biden ADMIN?

INFLATION PERMANENTLY DAMAGES THE ECONOMY.

Wake the **** up, sheep!

 

[pknopp]

This inflation was created by the cumulative actions of the last 13 years.

 

[Resnic]

All we can do is stop inflation from getting worse.

Deflation isn't going to happen because the car is already out of the bag. Companies won't want to lower prices thus decreasing profit margins, employees won't want to make less money. Even if it happened simultaneously no one would want less even if it balances out for everyone.

A minimum wage increase to match inflation so far and stop, that's all we can do.

 

[Votto]

If we have 8% Year over year inflation in 2022, that 8% is always with us.

This BS from Biden that inflation is only temporary is a lie for people who do not understand economics.

If you have 5% in 2021, 8% in 2022, and lets say back to 3% in 2023....and use 2020 as a baseline:

At the end of 2023, you are 1.05*1.08*1.03 from the beginning of 2020. That is 17% inflation over the 3 years.

The only way to get back to where we started is for NEGATIVE INFLATION....DEFLATION. If we go to -3% growth in 2023, we now have this equation:

1.05*1.08*.97= Now we are only 10% about the beginning of 2020.

Why do you people CONTINUE to listen to the LIES from the Biden ADMIN?

INFLATION PERMANENTLY DAMAGES THE ECONOMY.

Wake the **** up, sheep!

 

[ColonelAngus]

All we can do is stop inflation from getting worse.

Deflation isn't going to happen because the car is already out of the bag. Companies won't want to lower prices thus decreasing profit margins, employees won't want to make less money. Even if it happened simultaneously no one would want less even if it balances out for everyone.

A minimum wage increase to match inflation so far and stop, that's all we can do.

I do not expect any deflation. The Biden inflation will be with us forever.

BIDENOMICS: BUILD BACK BULLSHIT.

 

[ColonelAngus]

Biden said the inflation is only temporary....so when is it going to stop?

You Biden voters, you know everything....when is the Biden inflation going to stop like he CLAIMS?

 

[ColonelAngus]

Biden insists inflation is ‘temporary,’ ‘expected’ despite $4.7T spending plan

President Biden on Monday insisted that his massive spending plans aren’t causing price hikes, saying inflation is “temporary” and “expected” after the COVID-19 pandem…

nypost.com

Biden argued that about 60 percent of price increases are caused by “transitory effects” linked to COVID-19, such as shortages of lumber and semiconductors, and aren’t a sign of substantial long-term inflation linked to deficit spending.


“Our experts believe and the data show that most of the price increases we’ve seen were expected and are expected to be temporary. The reality is you can’t flip the global economics light back and not expect this to happen,” Biden said.


Biden also claims that a pair of massive bills that he hopes to ram through Congress this year — costing a combined $4.7 trillion — would actually reduce inflation. At least in theory, the bills would be offset by tax hikes and other new revenue sources, though the details remain in flux.


“If your primary concern right now is inflation, you should be even more enthusiastic about this plan,” Biden said in remarks from the White House State Dining Room. “These steps will enhance our productivity, raising wages without raising prices, and won’t increase inflation. It will take the pressure off of inflation.”


THIS IS A ******* LIE...

WAKE UP, FOOLS.

 

[pknopp]

Biden insists inflation is ‘temporary,’ ‘expected’ despite $4.7T spending plan

President Biden on Monday insisted that his massive spending plans aren’t causing price hikes, saying inflation is “temporary” and “expected” after the COVID-19 pandem…

nypost.com

Biden argued that about 60 percent of price increases are caused by “transitory effects” linked to COVID-19, such as shortages of lumber and semiconductors, and aren’t a sign of substantial long-term inflation linked to deficit spending.


“Our experts believe and the data show that most of the price increases we’ve seen were expected and are expected to be temporary. The reality is you can’t flip the global economics light back and not expect this to happen,” Biden said.


Biden also claims that a pair of massive bills that he hopes to ram through Congress this year — costing a combined $4.7 trillion — would actually reduce inflation. At least in theory, the bills would be offset by tax hikes and other new revenue sources, though the details remain in flux.


“If your primary concern right now is inflation, you should be even more enthusiastic about this plan,” Biden said in remarks from the White House State Dining Room. “These steps will enhance our productivity, raising wages without raising prices, and won’t increase inflation. It will take the pressure off of inflation.”


THIS IS A ******* LIE...

WAKE UP, FOOLS.

This was built off the actions of the last 13 years. Wake up. Biden deserves his share of blame but so does Bush, Obama and Trump.

 

[JohnDB]

If we have 8% Year over year inflation in 2022, that 8% is always with us.

This BS from Biden that inflation is only temporary is a lie for people who do not understand economics.

If you have 5% in 2021, 8% in 2022, and lets say back to 3% in 2023....and use 2020 as a baseline:

At the end of 2023, you are 1.05*1.08*1.03 from the beginning of 2020. That is 17% inflation over the 3 years.

The only way to get back to where we started is for NEGATIVE INFLATION....DEFLATION. If we go to -3% growth in 2023, we now have this equation:

1.05*1.08*.97= Now we are only 10% about the beginning of 2020.

Why do you people CONTINUE to listen to the LIES from the Biden ADMIN?

INFLATION PERMANENTLY DAMAGES THE ECONOMY.

Wake the **** up, sheep!

Are you nuts?
Deflation is the warning of hyperinflation.

We need a STABLE currency...one that doesn't swing wildly in value.

Now if you wanted to talk about how the Government is going to continue the market stimulus while claiming it's tapering and raising rates...

That would be a great topic. Biden has outright lied and claimed we are too stupid to understand what is going on economically...so I'm counting on this to continue and for him to circumvent the taper and raised interest rates in order to continue to print money. (They have printed roughly 20% of all dollars in existence since 2020)

So whatcha got?

 

[ColonelAngus]

Are you nuts?
Deflation is the warning of hyperinflation.

We need a STABLE currency...one that doesn't swing wildly in value.

Now if you wanted to talk about how the Government is going to continue the market stimulus while claiming it's tapering and raising rates...

That would be a great topic. Biden has outright lied and claimed we are too stupid to understand what is going on economically...so I'm counting on this to continue and for him to circumvent the taper and raised interest rates in order to continue to print money. (They have printed roughly 20% of all dollars in existence since 2020)

So whatcha got?

I am NOT saying we NEED deflation.

I am making the point that INFLATION IS NOT TEMPORARY, BIDEN LIED.

 

[Hum Dinger]

If we have 8% Year over year inflation in 2022, that 8% is always with us.

This BS from Biden that inflation is only temporary is a lie for people who do not understand economics.

If you have 5% in 2021, 8% in 2022, and lets say back to 3% in 2023....and use 2020 as a baseline:

At the end of 2023, you are 1.05*1.08*1.03 from the beginning of 2020. That is 17% inflation over the 3 years.

The only way to get back to where we started is for NEGATIVE INFLATION....DEFLATION. If we go to -3% growth in 2023, we now have this equation:

1.05*1.08*.97= Now we are only 10% about the beginning of 2020.

Why do you people CONTINUE to listen to the LIES from the Biden ADMIN?

INFLATION PERMANENTLY DAMAGES THE ECONOMY.

Wake the **** up, sheep!

All you're saying is that once prices go up, they rarely go back down. Higher prices generally stay with us.

However, the inflation rate does not stay permanently. It's doubtful that the current inflation rate will persist. There is also a very strong possibility that once the supply chain problems are fixed, some prices will drop somewhat.

 

[JohnDB]

All you're saying is that once prices go up, they rarely go back down. Higher prices generally stay with us.

However, the inflation rate does not stay permanently. It's doubtful that the current inflation rate will persist. There is also a very strong possibility that once the supply chain problems are fixed, some prices will drop somewhat.

We have a Fiat currency...as do most countries.
And they all eventually end and don't end well when they do..
As Russia how bad it got when their currencies failed...they are on their third since the fall of the USSR.

 

[Hum Dinger]

We have a Fiat currency...as do most countries.
And they all eventually end and don't end well when they do..
As Russia how bad it got when their currencies failed...they are on their third since the fall of the USSR.

We've always had inflation. It's a little higher now than it has been on average, but noting catastrophic yet.

In 1926 when Churchill switched Britain to a gold standard it caused a major economic crash - one that resulted in U.S. currency becoming the world's currency reserve.

 

[colfax_m]

I do not expect any deflation

Good because deflation is extremely toxic to economies.

 

[TroglocratsRdumb]

People work hard and make sacrifices to save for their retirement and then greedy corrupt Democrats destroy people's savings with their inflation.
The Democrats also caused the Great Recession with their mortgage policies and that also screwed over people who work hard and pay their bills.
The Democrat Party's BACKWARDS economic policies great poverty.

 

[TroglocratsRdumb]

Good because deflation is extremely toxic to economies.

printing money steals from people who save

 

[colfax_m]

I am making the point that INFLATION IS NOT TEMPORARY, BIDEN LIED.

He was talking about high inflation rates. It was obvious to everyone except some dopes.

 

[colfax_m]

printing money steals from people who save

That’s why inflation encourages people to invest. Deflation encourages people to sit on their money, which is toxic.

 

[22lcidw]

We've always had inflation. It's a little higher now than it has been on average, but noting catastrophic yet.

In 1926 when Churchill switched Britain to a gold standard it caused a major economic crash - one that resulted in U.S. currency becoming the world's currency reserve.

Britain was dying as the World Superpower. The changeover from a fiat currency to a gold standard perhaps can not be made in a complete swoop. The highs and lows of a gold standard is smaller than a fiat currency. Britain had a fiat currency a lot longer than we did. The owners of the Federal Reserve own/control a lot of Fiat Banks in the world. If politicians do not use the fiat currency to keep their power, the currency will last a lot longer. The temptation is always there as we see here. The question is, how do we get inflation under control, and real growth returns without destroying tens of millions of people in an uneven way.

 

[iamwhatiseem]

Something to consider......

The value of the U.S. Dollar with other major currencies...

Chinese Yuan

EURO

Israeli Sheckel

Japanese Yen


Anyone see a pattern here???