task0778
Diamond Member
A minimum wage increase to match inflation so far and stop, that's all we can do.
Do you realize that artificially raising wages is inflationary? I.E., more money chasing the same amount of goods and services?
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A minimum wage increase to match inflation so far and stop, that's all we can do.
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.
Exactly. We just had 6.8% inflation so, if inflation for 2022 happened to come in at 0% (LOL), we would still have the same high prices we have today and the libtards would be declaring inflation was under control.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 fuck up, sheep!
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 create poverty.
Exactly. We just had 6.8% inflation so, if inflation for 2022 happened to come in at 0% (LOL), we would still have the same high prices we have today and the libtards would be declaring inflation was under control.
Inflation has a unique effect on national debt...it shrinks it.
So the gubberment doesn't care so much about it.
It's much easier to pay back a trillion dollars when a trillion dollars buys what a million once did.
Inflation has a unique effect on national debt...it shrinks it.
So the gubberment doesn't care so much about it.
It's much easier to pay back a trillion dollars when a trillion dollars buys what a million once did.
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.
The point was that they don't care...so long as they end up richer than everyone else and claim "victory" and a positive outcome while the truth is vastly different..I missed your point. Are you suggesting that inflation is a good thing? Or do you believe we should print up $29 trillion dollars right now and pay off the debt because that money will be worth more next year? Isn't that the logical conclusion to what you're saying?
You are right about one thing, the politicians don't really care about inflation or the debt until it becomes a political issue that impacts them. They're all rich people and they won't feel the impact of inflation that the rest of us ordinary people will. But here's the problem as I see it: when inflation goes up the reaction is always to raise interest rates. that's how the Fed slows down the economy, less borrowing translates into less money changing hands which means less inflation. But the gov't continues to overspend and borrow more money anyway, so I don't see the shrinkage in the debt. And in fact as the debt principle and the interest rates on the debt both increase, the debt does not shrink at all but grows ever larger.
Maybe there is a reason why they wear masks, just like the KKK.They are too stupid to comprehend this.
Just like many communists thought gas prices only affect automobile fuel for consumers.....FUCKING OBLIVIOUS TO THE IMPACT ON THE ENTIRE ECONOMY.
These are the IDIOTS who wear masks.....EVEN THOUGH THEIR CULT LEADERS DO NOT!! FUCKING SHEEP.
Highest inflation rate since Carter & a Democrack controlled congress. What a coincidence.
You're right, it's only a little teeny bit higher than average. You know, because 8% is so close to Trump's average of about 2%.
Highest inflation rate since Carter & a Democrack controlled congress. What a coincidence.
You're right, it's only a little teeny bit higher than average. You know, because 8% is so close to Trump's average of about 2%.
Do you mean the inflation that we have because the orange idiot started a trade war with China, which responded with a bio-weapons attack on the world, which in turn nearly shut down our economy and caused a massive disruption to our supply chain that President Biden has to deal with?
That inflation?
Don't you worry, just keep wearing your mask....dumbass.Do you mean the inflation that we have because the orange idiot started a trade war with China, which responded with a bio-weapons attack on the world, which in turn nearly shut down our economy and caused a massive disruption to our supply chain that President Biden has to deal with?
That inflation?
Oh look, the Richard was called out and is now twisting, who'd have thought a PROGZ would do that?
Sure Richard, you're a leftist, it's whatever you want it to be.