11–20 of 136 posts
Inflation is here, it will get worse, the Fed will surprise you by over-reacting with an unscheduled rate hike. For some weird reason, HN threads on this topic are immediately flooded by comments trying to debunk inflation...I suppose even HN isn't shill-proof.
What the government has done in the last year with its $10+ trillion in stimulus, is the exact definition of dropping money from helicopters and yet no one is pointing this out.
Which means we must have narrowly averted a truly horrific situation as a country. The fact that everyone keeps talking about more stimulus means that the government knows more than we do, and the risk of deflation still remains high.
Wow. Who could have foreseen this? I suppose that's different from "Who could have stopped this?" Our economic problems are not easy ones to solve, but when trillions of dollars of are created out of thin air and distributed to the populace, you had to know this was coming.
Most of those trillions were delivered to the ruling/corporate class who has used it to secure assets instead of create value. That is the source of this inflation. For example: https://www.msn.com/en-us/news/us/koch-e2-80-99s-foundation-...
Economists like Bernanke have talked about dropping money from helicopters in the sky, in order to prevent deflation. What the government has done in the last year with its $10+ trillion in stimulus, is the exact definition of dropping money from helicopters and yet no one is pointing this out. Which means we must have narrowly averted a truly horrific situation as a country. The fact that everyone keeps talking abou…
Wow. Who could have foreseen this? I suppose that's different from "Who could have stopped this?" Our economic problems are not easy ones to solve, but when trillions of dollars of are created out of thin air and distributed to the populace, you had to know this was coming.
Inflation is here, it will get worse, the Fed will surprise you by over-reacting with an unscheduled rate hike. For some weird reason, HN threads on this topic are immediately flooded by comments trying to debunk inflation...I suppose even HN isn't shill-proof.
I don't think anyone is going to argue that "supply-chain issues" don't cause price inflation. If less stuff is available the price of stuff goes up.
The Fed is buying $120 bln in debt per month, every month. Is this because lumber isn't in stock at Home Depot? The Fed now purchases 40% of the debt produced in the economy...maybe it really is because of the pool chlorine supply issues.
I see your response as just another variant of the HN denial on this topic...you're literally suggesting our only problem is not being able to keep up with the awesome.
Wow. Who could have foreseen this? I suppose that's different from "Who could have stopped this?" Our economic problems are not easy ones to solve, but when trillions of dollars of are created out of thin air and distributed to the populace, you had to know this was coming.
The article reports that 72% of respondents said their income has not increased. So whatever trillions of dollars were created don't seem to have made it to the populace. Either the respondents are not a representative sample of consumers, in which case the article's conclusions are of little value; or something other than increased consumer spending, like supply chain issues, is causing the inflation.
I'll take "inflation" if it means trillion dollar spending packages are more likely to reach human citizens instead of corporations.
Still waiting on mine!