Why inflation can actually be good for everyday Americans and bad for rich people

Agreed. If everyone had a million dollars then a stick of gum would cost 2k. That's how free market econ works

 

You're arguing that high food and gas prices are worse than people dying and losing loved ones? I can't agree with that. I think a little economic pain is worth saving lives.

 

It all depends. With larger families, which require more food, etc it can be the case, while smaller families and singles will be able to pay more toward the principle.

Yes. When we had mortgages, we doubled the payments and paid them off in no time.

That's off-topic, but he issued a recommendation to close down. Even DeSantis blames him for closing down Florida.

 

I am arguing that the long term sufferage relates to a global recession was not worth the difference between mandates vs no mandates.

And I truly hope we all learned a lesson here

 

It will pass eventually. It's never fun going through economic problems, but I'll take that over death.

 

He closed down because election year and that's what the hysteria wanted. After real data emerged he like everyone else sane, wanted to reopen. Want me to get clips or can we Gree on this fact?

 

You were getting death regardless. (For those who were 60 or over and had 2 or more comobids)

What you've done is added long term sufferage to it. And the chance that things may never get back to where it was.

 

There is no telling how many such vulnerable people avoided infection, actually. Far as I know, my frail grandparents never got it.

Long-term is a relative term, of course. We're talking months, maybe a year or two before things settle down. But death is forever.

 

No no. You are talking about those who once had a stable life as becoming displaced and drowning in poverty. You are talking about an inevitable rise in violent and petty crime. You are talking about hunger, desperation and misery.

For the difference. Remember that. It's for the difference. Which after the whole song and dance is over with...wasn't worth it

 

I expect you're overstating the problem to try and support that conclusion.

 

The higher cost of living ate up that $360. plus . The only one getting "extra" is the tax man. Can you address this fact?

 

LOL. One day you say "shut it down" and another day you say the opposite, and a year later you claim to have been right. Nostredamus said hundreds of things, and people think he was a genius because a handful of things ended up happening.

He recommended a shut down and States, including Texas and Florida, did as instructed. Now DeSantis blames him for shutting down Florida, and we were shut down long and hard (even golf courses were closed, - duh).

Besides, so what? Its water under the bridge. I think any president would have made the same recommendation. It was a dire situation, and the disease did end up killing over a million Americans. So, we shut down the country, and flooded the economy with a tsunami of new money and now we are paying the price. Europe did the same with the same results.

Not sure what any of that has to do with the topic.......

 

Another way of looking at the "Silver Lining" we have been talking about. When the economy expands, even if its because of inflation, the Debt-To-GDP shrinks, and becomes more manageable, - just like the mortgage scenario.

US Is Inflating Its Debt Away After Unprecedented Spending Binge
When measured against the economy, America’s debt is set to post the biggest drop in at least two decades.
https://www.bloomberg.com/news/articles/2022-09-23/us-government-debt-shrinks-against-soaring-inflation?leadSource=uverify wall



What It Means: The Good News
This is a big break for the government and taxpayers. It makes the debt more manageable and easier to pay back.


What It Means: The Bad News
It’s lousy for bondholders. The money they’ll be repaid by the government will be worth a lot less than the money they put up.

Now, don’t go thinking this means some new long-term trend. This year’s drop was preceded by two years of explosive growth in debt-to-GDP—remember all that pandemic aid from Presidents Trump and Biden?—and economists are still fretting about the outlook. That’s partly because the Federal Reserve is frantically raising interest rates to quell the surge in prices.

 

some will die from not enough food at least that's what I have been force fed (get it) since LBJ's war on poverty

 

Thank goodness you folks are around. Are there any other mysteries of economic conservatives have solved?

 

This "inflation is good" is just gaslighting

 

This has to be the dumbest and most moronical and pathetic attempt at political spin that I have ever heard..... " Don't worry, if you're poor this inflation is actually good for you".

Where I was born and raised such an audacious lie is so eloquently known, as pissing in your face and calling it rain.

 

While your savings are destroyed, and mass layoffs occur. That's just fine if it doesn't affect you.

Increased house prices and wages due to inflation are not increases in value. If you are fortunate, your purchasing power will not take a significant hit, immediately. It will be hit, though. Inflation is intentional theft of value.

These pro-regime gaslighting articles are ridiculous.

And for those who have wisely not accumulated debt?

 

Fake News. When inflation is over 8% you aren't going to effectively fight that with a 3% effective funds rate, or even a 5% effective rate that the economy will never bear. If the Fed were really trying to stop inflation the Fed Funds rate would be over 9%.



They're just raising rates to give themselves room to cut rates once the real recession becomes an official recession. Right now they are simply rearranging the chairs on the Titanic until we get representatives that allow Americans to unleash their natural industriousness that returns us to prosperity.

Nevada Laxalt (R) +1.7
Arizona Kelly (D) +6.0
Wisconsin Johnson (R) +1.5
Pennsylvania Fetterman (D) +4.2
Georgia Warnock (D) +0.3
North Carolina Budd (R) +2.0
New Hampshire Hassan (D) +8.0
Colorado Bennet (D) +8.6
Washington Murray (D) +6.0
Ohio Vance (R) +2.2
Florida Rubio (R) +2.8

This looks like a trade of PA for NV with the Senate majority coming down to GA.

 

Half of everyday folks don't own a home.



Inflation of more than about two percent isn't low- and middle-income folks' friend.

 

Inflation averaging about two percent is a good because it avoids higher real interest rates should we slip into deflation.

Inflation is a worldwide phenomenon because of covid. People in richer countries switched from in-person services to goods, creating supply shortages and higher prices. At one point, our Chinese imports jumped 25%.




I'm sure you Trumpers can make hay out of higher prices, but it isn't Joe's fault.

Am I sympathetic to Old Joe? Not really.

 

With the looming recession, the labor market will soon be going the other way.

 

So, Ol' Joe just happen to become President and coincidentally inflation decided to kick in a few months later even those it had basically be dormsanent off a few years?

 

Such a Debbie Downer.

 

Democrat policies during COVID creating inflation; Biden's policies accelerated it. And since this is an undeniable fact, Democrats now want to paint the turd gold and advertise it as such.