The Dark Side Of Bidenomics: 16.2% Bidenflation

https://tippinsights.com/the-dark-side-of-bidenomics-16-2-bidenflation/

The word from the Biden Admin regarding inflation is "Don't believe your lying eyes". They are telling Americans inflation is 3.0% today as if the accumulated annual inflation of 16% some how vanished.
Attached is a copy of the true, comprehensive cost of living - not the more narrow CPI, but a more inclusive metric:

This is the world we as a society live in.

 

Once again we see the Democratic "tax and spend" policies driving inflation.
National debt now approaching $33 TRILLION.

 

Add up just the essentials and people are paying 20%-25% on the basics.

It's that dirty little secret the Dems/Left/MSM want to ignore, the RATE of inflation falling does not make all the previous inflation disappear and prices go back to where they were.

 

Outside MAGA world no one cares or believes.


How I know

Here are the results


GOP lost special election in 2017

GOP lost Mid-term election in 2018

GOP Lost Presidential election in 2020

GOP lost special election in 2021 and lost 2 Senate position in ruby red state in GA.

GOP lost Senate and to GOV in mid-term 2022 election. Red wave became oh well.

GOP lost special election in 2023 – In Wisconsin .

GOP Lost special election ( Issue 1) in Ohio in 2023

 

Don't worry about inflation, they say it's transitory.

 

It never could have even approached that figure were it not for fiat money (i.e. eventually worthless money).

 

Wait, it can get worse.
I saw a video of Biden saying he tried to end oil drilling on both coasts and federal land. He then said the SCOTUS stopped him. I am sure he was lying about both, but it shows where the progressive mind is.

 

Back in the early 1930s we had Hoovervilles and Hoovermobiles that were broken down cars that were pulled but mules.

Today we have Bidendollars which are worth far less than when he took office. The trouble is 50+% of the population will vote for him anyway. Having a Democrat in the Whitehouse is more important than avoiding poverty.

 

Oh .. if Trump is nominee, you will vote for Trump in a heartbeat even if it means giving up US democracy.

Having republican in WHis more important than US democracy.

 

Your "annual" covers 2.5 yrs

Yes, the cumulative inflation from past 2.5 yrs is about 16%, but wages have also been going up at record pace, and now wages are raising faster than inflation. If that continues, we will recover the same purchasing power as we had before the pandeminc.

Today inflation is 3.2%, except in Florida, where its 9%.

That will depend on who runs against him. A moderate, or conservative GOP candidate can easily beat him, but if its a populist / authoritarian one like Trump or DeSantis, then Biden will probably win (if he actually runs, which I doubt).

Another Dem candidate just emerged saying Biden image is "tainted" by Hunter. His name is Dean Phillips

 

First, no, trump won't be on the ballot.
Second, diversion fail.
Third, the reality is inflation is far too high, is czused by government spending, and drinking bidens kool aid is not helping.
I'm reminded of the guy who finds himself on the top floor of a burning building ;
"Well, but at least it isn't cold just now".

 

Inflation is actually caused by the creation of money, increasing the supply thus lowering its price. But yes, the creation of money is done to allow the US gov't to spend more.

 

Increasing money supply is one cause of inflation, and that was especially true in 2020, and also in 2021 is somewhat lesser extent.

There is also demand-pull inflation, which we experienced during and after the pandemic when suppliers were to able to satisfy demand, and that drives up prices faster than anything

And there is cost-push inflation, where the cost of production increase, and this happed to us too because of supply side issues made delivery of parts and raw materials more expensive.

So, we, along with the rest of the planet, experienced three different types of inflation, and the result is what it is. Fortunately for us, the US is recovering much faster than most other countries, like the EU.

 

The increase in price of particular goods is not inflation. The reduction in the price of the monetary unit is inflation.

 

Inflation = a general increase in prices and fall in the purchasing value of money.

I explained the 3 types / causes of inflation. You're welcome.

 

There is only one kind of inflation: inflation of the money supply. The other two things you described are called price changes.

 

LOL. Whatever gets you through the night.

Actually I forgot to mention Built-In inflation, which occurs when wages rise rapidly. You seem to think Inflation By Cause (increase in money supply) is the only type, but its not true.

So we have
1. Inflation by cause
2. Built In inflation
3. Demand Pull Inflation
4. Cost Push Inflation

 

A change in the cost of something (wages) is not inflation.

Let's do a fun thought experiment. Let's say we lived in a society that had no money. In such a society could there be inflation 2 through 4 that you mentioned above?

 

Like I said: Whatever gets you through the night.

Of course. Instead of agreeing to work 2 hrs for a loaf of bread, they'd make you work 4 hrs because flour is in short supply.

I'm not making this up, and its not even open for debate, because facts don't change. I get it that you think you know everything, but you don't.

 

While we're at it, let's agree on a definition of inflation.

 

Okay, so you're calling that inflation?

I think before we continue this discussion we need to agree on a definition of inflation.

 

Yes, because your purchasing power decreased and you have to pay more to get the same. Its not just me calling it inflation, - everyone with basic knowledge of economic does too

I already did that few posts ago.

 

I don't see you offering a definition of inflation. I'll use the standard definition: An average increase in the price level. I hope you're okay with that.

So in your scenario, we have this initial state:
The price of a loaf of bread is 2 hrs labor. The price of an hour of labor is 1/2 a loaf of bread.

In the second state we have:
The price of a loaf of bread is 4 hrs of labor. The price of an hour of labor is 1/4 a loaf of bread.

As you can see, there is no general increase in the price level. The price of labor decreased and the price of bread increased. It all evens out.

Inflation is exclusively a monetary phenomenon.

 

I offered it in post #15.

Me thinks you need to read up on basic economics

Have a nice day.

 

Do you disagree with the barter scenario I offered?