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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Um, that's not a cure for inflation.

Um, that's not a cure for inflation.

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  • M Away
    M Away
    Mik
    wrote on 10 Dec 2024, 02:39 last edited by
    #6

    Of course it did.

    "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

    T 1 Reply Last reply 10 Dec 2024, 03:03
    • J Online
      J Online
      jon-nyc
      wrote on 10 Dec 2024, 02:47 last edited by
      #7

      Cuomo did this too if I recall correctly.

      And of course Trump and Biden.

      Thank you for your attention to this matter.

      1 Reply Last reply
      • M Mik
        10 Dec 2024, 02:39

        Of course it did.

        T Offline
        T Offline
        taiwan_girl
        wrote on 10 Dec 2024, 03:03 last edited by
        #8

        @Mik said in Um, that's not a cure for inflation.:

        Of course it did.

        I was trying to make a joke. 😛

        1 Reply Last reply
        • A Axtremus
          9 Dec 2024, 23:19

          Um, that's not a cure for inflation.

          Neither is tariffs or lowering interest rates or increasing Social Security payouts.

          L Offline
          L Offline
          LuFins Dad
          wrote on 10 Dec 2024, 03:14 last edited by LuFins Dad 12 Oct 2024, 03:23
          #9

          @Axtremus said in Um, that's not a cure for inflation.:

          Um, that's not a cure for inflation.

          Neither is tariffs or lowering interest rates or increasing Social Security payouts.

          Actually, Tarrifs are… and increasing Social Security payments is required by law to match inflation.

          The Brad

          A 1 Reply Last reply 10 Dec 2024, 10:12
          • L LuFins Dad
            10 Dec 2024, 03:14

            @Axtremus said in Um, that's not a cure for inflation.:

            Um, that's not a cure for inflation.

            Neither is tariffs or lowering interest rates or increasing Social Security payouts.

            Actually, Tarrifs are… and increasing Social Security payments is required by law to match inflation.

            A Offline
            A Offline
            Axtremus
            wrote on 10 Dec 2024, 10:12 last edited by
            #10

            @LuFins-Dad said in Um, that's not a cure for inflation.:

            @Axtremus said in Um, that's not a cure for inflation.:

            Um, that's not a cure for inflation.

            Neither is tariffs or lowering interest rates or increasing Social Security payouts.

            Actually, Tarrifs are…

            Tariffs are ... what?

            ... and increasing Social Security payments is required by law to match inflation.

            You have any problem with Social Security increasing benefit payments when inflation is high? You have any problem with New York increasing benefit payments when inflation is high?

            L 1 Reply Last reply 10 Dec 2024, 13:25
            • D Offline
              D Offline
              Doctor Phibes
              wrote on 10 Dec 2024, 11:39 last edited by
              #11

              Our company gave us an extra pay-raise and one-time payment to help with inflation a couple of years back. I was tempted to write a strongly worded email protesting this economically reprehensible approach to fiscal responsibility to my CEO, but instead decided that selflessly taking the extra money was the right thing to do for the benefit of the rest of the work-force.

              I was only joking

              1 Reply Last reply
              • A Axtremus
                10 Dec 2024, 10:12

                @LuFins-Dad said in Um, that's not a cure for inflation.:

                @Axtremus said in Um, that's not a cure for inflation.:

                Um, that's not a cure for inflation.

                Neither is tariffs or lowering interest rates or increasing Social Security payouts.

                Actually, Tarrifs are…

                Tariffs are ... what?

                ... and increasing Social Security payments is required by law to match inflation.

                You have any problem with Social Security increasing benefit payments when inflation is high? You have any problem with New York increasing benefit payments when inflation is high?

                L Offline
                L Offline
                LuFins Dad
                wrote on 10 Dec 2024, 13:25 last edited by
                #12

                @Axtremus said in Um, that's not a cure for inflation.:

                @LuFins-Dad said in Um, that's not a cure for inflation.:

                @Axtremus said in Um, that's not a cure for inflation.:

                Um, that's not a cure for inflation.

                Neither is tariffs or lowering interest rates or increasing Social Security payouts.

                Actually, Tarrifs are…

                Tariffs are ... what?

                A cure for inflation. The best cure for inflation is getting cash out of the M2. Tariff’s can do that. Another cure for inflation is to reduce consumption and demand. Tariffs can help with that. And one of the biggest ways combat the negative effects of inflation is by improving local business and manufacturing wages. Tariffs on imports does that.

                As for the NY thing, they aren’t increasing benefits, they are proposing creating one whole cloth. That adds $3B into the M2 when you’re supposed to be cutting money in the M2.

                It also punishes married couples, did anyone else notice that?

                The Brad

                T 1 Reply Last reply 10 Dec 2024, 15:02
                • L LuFins Dad
                  10 Dec 2024, 13:25

                  @Axtremus said in Um, that's not a cure for inflation.:

                  @LuFins-Dad said in Um, that's not a cure for inflation.:

                  @Axtremus said in Um, that's not a cure for inflation.:

                  Um, that's not a cure for inflation.

                  Neither is tariffs or lowering interest rates or increasing Social Security payouts.

                  Actually, Tarrifs are…

                  Tariffs are ... what?

                  A cure for inflation. The best cure for inflation is getting cash out of the M2. Tariff’s can do that. Another cure for inflation is to reduce consumption and demand. Tariffs can help with that. And one of the biggest ways combat the negative effects of inflation is by improving local business and manufacturing wages. Tariffs on imports does that.

                  As for the NY thing, they aren’t increasing benefits, they are proposing creating one whole cloth. That adds $3B into the M2 when you’re supposed to be cutting money in the M2.

                  It also punishes married couples, did anyone else notice that?

                  T Offline
                  T Offline
                  taiwan_girl
                  wrote on 10 Dec 2024, 15:02 last edited by
                  #13

                  @LuFins-Dad I dont know enough about their proposal, but where is the money coming from?

                  With the national government, I can udnerstand how the money supply increased. I think that they just printed more money. But I dont think that the state can do the same thing, correct?

                  L 1 Reply Last reply 10 Dec 2024, 15:23
                  • T taiwan_girl
                    10 Dec 2024, 15:02

                    @LuFins-Dad I dont know enough about their proposal, but where is the money coming from?

                    With the national government, I can udnerstand how the money supply increased. I think that they just printed more money. But I dont think that the state can do the same thing, correct?

                    L Offline
                    L Offline
                    LuFins Dad
                    wrote on 10 Dec 2024, 15:23 last edited by
                    #14

                    @taiwan_girl said in Um, that's not a cure for inflation.:

                    @LuFins-Dad I dont know enough about their proposal, but where is the money coming from?

                    With the national government, I can udnerstand how the money supply increased. I think that they just printed more money. But I dont think that the state can do the same thing, correct?

                    The money is coming from their collected sales tax, which has increased as prices increased. If they used the funds to pay down some of their debt, the money would still be in the M2 but not the M1. By putting it directly into the hands of people, it goes directly back into the M1. Short term gain for the individuals, but causes long term inflationary damage.

                    The Brad

                    T 1 Reply Last reply 10 Dec 2024, 15:28
                    • L LuFins Dad
                      10 Dec 2024, 15:23

                      @taiwan_girl said in Um, that's not a cure for inflation.:

                      @LuFins-Dad I dont know enough about their proposal, but where is the money coming from?

                      With the national government, I can udnerstand how the money supply increased. I think that they just printed more money. But I dont think that the state can do the same thing, correct?

                      The money is coming from their collected sales tax, which has increased as prices increased. If they used the funds to pay down some of their debt, the money would still be in the M2 but not the M1. By putting it directly into the hands of people, it goes directly back into the M1. Short term gain for the individuals, but causes long term inflationary damage.

                      T Offline
                      T Offline
                      taiwan_girl
                      wrote on 10 Dec 2024, 15:28 last edited by
                      #15

                      @LuFins-Dad Thanks!!! Makes sense.

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