Democrats most to blame for inflation
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I wondered how the US did when compared to other countries with respect to inflation during COVID. Turns out we did do worse, at least initially.
Couple of years old, but some thoughts from a couple of analysts at the SF Fed.
tl;dr
The United States is experiencing higher rates of inflation than other advanced economies. In this Economic Letter we argue that, among other reasons explored by the literature, the sizable fiscal support measures aimed at counteracting the economic collapse due to the COVID-19 pandemic could explain about 3 percentage points of the recent rise in inflation. However, without these spending measures, the economy might have tipped into outright deflation and slower economic growth, the consequences of which would have been harder to manage.
I haven't checked around for how our inflation rates compare to the rest of the world during the most recent couple of years, prior to the above analysis.
wrote on 10 Oct 2024, 17:57 last edited by@wtg said in Democrats most to blame for inflation:
I haven't checked around for how our inflation rates compare to the rest of the world during the most recent couple of years, prior to the above analysis.
About average, apparently
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wrote on 10 Oct 2024, 20:22 last edited by Renauda 10 Oct 2024, 20:38
Odd, we blame the Trudeau Liberal government for the inflation.
In fact we blame Trudeau for everything bad that has occurred in the world since The French Indian War.
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Odd, we blame the Trudeau Liberal government for the inflation.
In fact we blame Trudeau for everything bad that has occurred in the world since The French Indian War.
wrote on 10 Oct 2024, 20:29 last edited byThis post is deleted! -
Odd, we blame the Trudeau Liberal government for the inflation.
In fact we blame Trudeau for everything bad that has occurred in the world since The French Indian War.
wrote on 10 Oct 2024, 20:41 last edited by@Renauda said in Democrats most to blame for inflation:
Odd, we blame the Trudeau Liberal government for the inflation.
In fact we blame Trudeau for everything bad that has occurred in the world since The French Indian War.
There's a reason for that. He's just so very blamable. Plus, he looks like he's Fidel's kid.
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wrote on 10 Oct 2024, 21:19 last edited by Renauda 10 Oct 2024, 21:21
Plus, he looks like he's Fidel's kid.
So foreigners say. To us he is clearly Pierre Trudeau’s progeny; has his father’s eyes, facial features and mannerisms. Unfortunately though, he also inherited the old man’s arrogance but none of his intelligence or originality. On the other hand, he’s definitely his mother’s spoiled little brat.
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wrote on 10 Oct 2024, 21:49 last edited by
He didn’t get Dad’s fashion sense.
I know though. The Castro thing is just fun.
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wrote on 10 Oct 2024, 22:00 last edited by
@Mik said in Democrats most to blame for inflation:
He didn’t get Dad’s fashion sense.
Indeed, he has no notion that brown shoes don’t make it with a business suit. Nor do Looney Tune cartoon coloured socks at any time or place.
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wrote on 11 Oct 2024, 17:09 last edited by
LOL This guy is perfect for TNCR.
Like me, he can speak with authority on any subject, even if he doesnt really know much about it. 555
Send him an invite to the room!!
On another note, I was reading an economist who said that the massive stimulus stopped the US from going into recession (or worse). I guess it depends on which would have you rather have - inflation or recession.
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wrote on 11 Oct 2024, 17:29 last edited by
So you can decry one writer, while throwing up another to buttress your point? That seems silly. Are you declaring that a well-educated person cannot understand economics?
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So you can decry one writer, while throwing up another to buttress your point? That seems silly. Are you declaring that a well-educated person cannot understand economics?
wrote on 11 Oct 2024, 18:51 last edited by@Mik said in Democrats most to blame for inflation:
So you can decry one writer, while throwing up another to buttress your point? That seems silly. Are you declaring that a well-educated person cannot understand economics?
Not at all. I think most of the people here on this forum board are pretty well read outside of their specialty.
But I just dont think that his arguement is very valid.