There is no economic crisis.

[Fort Fun Indiana]

I get what you're saying.

"I don't understand what you're saying, therefore you are stupid."

You are now telling yourself a person can't understand the most shallow and ignorant take imaginable, written in the style of a 5 year old.

I've heard it all, now.

 

[Dont Taz Me Bro]

How large was that poll?

Deflection noted.

Have a nice day.

 

[Woodznutz]

That is a very shallow-based response.

Public perception doesn't align with the facts regarding the economy, which is strong.

 

[Woodznutz]

You are now telling yourself a person can't understand the most shallow and ignorant take imaginable, written in the style of a 5 year old.

I've heard it all, now.

My comments do require a bit of thought to be fully understood, regardless of their simplicity.

 

[jacksonlamb]

Public perception doesn't align with the facts regarding the economy, which is strong.

The market is strong, not main street, which is weakening, particularly the credit venues.

Groceries are ten to forty percent higherr.
Gas is at $4.45 average, not $2.80.
Electricity is up, not 50% down.

 

[Woodznutz]

Deflection noted.

Have a nice day.

It's simple question.

 

[Woodznutz]

The market is strong, not main street, which is weakening, particularly the credit venues.

Groceries are ten to forty percent higherr.
Gas is at $4.45 average, not $2.80.
Electricity is up, not 50% down.

Higher prices sustain the economy even while hurting some consumers. For example, your local hardware store charges more than your local building center. But without those higher prices there would be no local hardware store (or convenience stores). Food stores have to raise prices or close.

 

[jacksonlamb]

Higher prices sustain the economy even while hurting some consumers. For example, your local hardware store charges more than your local building center. But without those higher prices there would be no local hardware store (or convenience stores).

Stop sounding idiotic. It is beneath you.

 

[Woodznutz]

Stop sounding idiotic. It is beneath you.

Sigh.

 

[task0778]

Higher prices sustain the economy even while hurting some consumers.

I'd argue against this idea, at least to a point. Nominal price hikes above a certain threshold cause inflation, which I do not believe sustains an economy but rather hurts it. When you gotta pay $10 instead of something you useta get for $5 for the same thing, that's a $5 on your cost of living. Which hinders economic growth in the long run.

 

[Woodznutz]

I'd argue against this idea, at least to a point. Nominal price hikes above a certain threshold cause inflation, which I do not believe sustains an economy but rather hurts it. When you gotta pay $10 instead of something you useta get for $5 for the same thing, that's a $5 on your cost of living. Which hinders economic growth in the long run.

If someone gets $5 more for their products, that is economic growth. Even though you will have less to spend they will have more. The GDP is measured in dollars spent. More dollars spent, more growth.

 

[task0778]

If someone gets $5 more for their products, that is economic growth. Even though you will have less to spend they will have more. The GDP is measured in dollars spent. More dollars spent, more growth.

No, if someone spends $5 more for the same thing, that is not economic growth. That is inflation, which you are conflating with economic growth. Why? Because the $5 you spent on something is $5 you ain't spending on something else. Look at it, before you could spend $5 on Item A and $5 on Item B, 2 purchases. Now you spend $10 on Item A ang go without Item B. That is NOT economic growth.

 

[Woodznutz]

No, if someone spends $5 more for the same thing, that is not economic growth. That is inflation, which you are conflating with economic growth. Why? Because the $5 you spent on something is $5 you ain't spending on something else. Look at it, before you could spend $5 on Item A and $5 on Item B, 2 purchases. Now you spend $10 on Item A ang go without Item B. That is NOT economic growth.

The inflated price is the sum of all the costs of the product. It is the increase in costs that spur economic growth. Those increases are almost always increased labor costs, IOW higher wages. In fact, all product costs are labor costs.

 

[task0778]

In fact, all product costs are labor costs.

No, what about the cost of materials, transport, taxes and tariffs, management, energy, utilities, insurance, and the effing gov't? All of those non-labor things add to the product cost.

You still only spent $10, you just did it on one 1 item instead of 2. That is NOT economic growth.

 

[Woodznutz]

No, what about the cost of materials, transport, taxes and tariffs, management, energy, utilities, insurance, and the effing gov't? All of those non-labor things add to the product cost.

You still only spent $10, you just did it on one 1 item instead of 2. That is NOT economic growth.

All those costs are labor costs with the exception of taxes and tariffs. Even taxes can be traced to government labor costs.

 

[task0778]

All those costs are labor costs with the exception of taxes and tariffs. Even taxes can be traced to government labor costs.

LOL, you have a VERY liberal interpretation of what labor costs are.

 

[jacksonlamb]

If someone gets $5 more for their products, that is economic growth. Even though you will have less to spend they will have more. The GDP is measured in dollars spent. More dollars spent, more growth.

But not in wealth and balance for all consumers.

It hurts the lower classes, which mean nothing to you.

 

[Woodznutz]

But not in wealth and balance for all consumers.

It hurts the lower classes, which mean nothing to you.

I wuz there once, so I sympathize. I spent many years on the first page of the Tax Tables.

 

[jacksonlamb]

I wuz there once, so I sympathize.

No, you don't. You are with the Trump "I don't care" crowd.

Well, those classes do, and I believe they will vote accordingly.

 

[Woodznutz]

LOL, you have a VERY liberal interpretation of what labor costs are.

The final cost of a product is the accumulated cost in wages and profits to produce it and get it into your hands.