At some point somebody is going to negatively polarize themself into raging that we aren’t on the gold standard anymore, can see this coming a mile away.
Can LaRouche come back now that their main enemy, the Queen of England has been killed in a dispute over drug dealing territory? (Or, maybe it was “natural causes”, if you are brainwashed by the corrupt media.)
I dont think this is even that. They are complaining about the reality of constantly rising prices, but don’t have a policy in mind to remediate - or if they do it is not monetary but something more elaborate: price controls, state production, profit caps, etc
The complaint against “constantly rising prices” has only one prescription: tighter monetary policy, higher real debt burdens, and lower employment. The fact that they do not understand this implication is just more evidence they should be made fun of and ignored.
People really don’t get the difference between deflation (bad) and disinflation (good). They also don’t get the policy levers to cause disinflation (greater output, more competition), vs deflation (causing a recession)
I thought he was confused but he's actually like "I don't want the lines on the right to keep going up" and that's far worse
tried to see if this will work
Holy fuck this is clown show level analysis, like you literally can't break your mind out of liberal economic philosophy for two microseconds to even process what point is actually being made here.
Is there a way to find the info in his chart on the right before 2020? Because things were going up then too. inflation was positive. Prices increased all through the 2010s. it didn't poof into existence in 0%. What did were the giant YOY increases which are moderating
I grew up in the age of double-digit inflation, gas lines, and double digit unemployment, aka, the 70s, so while the current economy is the worst a lot of younger people have experienced, it would be considered utopian by those standards.
I found this & tbh price increases don't seem that bad
IMO online leftists harp on this because they're largely in underpaid industries and want to live in highly desirable real estate markets so housing inflation + entertainment/eating out hits them hard.
They're not largely buying tomatoes and staples. They're mad going to a restaurant is more expensive now (because wages have risen and workers are doing better). and feel their anger at the bill at a trendy restaurant or an apt in north Brooklyn means they understand phoenix/ATL/Milwaukee voters
I think this is making the much simpler point that, even though inflation is down, voters have still experienced years of price increases and that’s behind a lot of the negative sentiment about the economy and Biden’s woes.
I don’t care what you think he’s saying. I care what he’s saying. And he’s saying we need slower growth, lower employment, and higher debt burdens so inflation is weaker. There is no “lower inflation” wand to wave, sorry if this shocks and offends.
There is a magic anti inflation wand. It's called price controls, a strong welfare state, and prosecution of price gouging. Yet again, you GOTTA think beyond liberal economics.
