Why would Biden's stimulus cause inflation, but not Trump's?

It is not that I am unable. It's that I have zero interest or inclination.

 

That's even more interesting now that you have selectively chosen to edit the post you are quoting. Makes my moot reference even more relevant.

 

Biden merely is in charge of the Treasury who prints money but does not order money. The Fed reserve orders money and Biden has nothing to say about that at all.

Inflation is too much money chasing after too few goods. We all play a role in inflation.
Trump did not harm America by cutting taxes. We would have long ago had serious inflation if it did.
The Trump cuts were not instant. They came in as payrolls were paid. Most of the citizens working are paid weekly. So inflation was divided up by 52 weeks per year.
Trump was not a GOD either so of course we might still have inflation.

Biden kicked this in the ass by stopping Canada from getting to us their oil. Some still comes by rail and truck but pipes work a lot better. Biden sent a signal to the market he does not give a **** what happens to the economy. Do you ever hear him even mention it now? I never hear him mention it at all.

Personally I would not make the Case all of it is Biden's fault. All Yellen can do is print it if asked to, though not by Biden.

When fuel costs skyrocket, it has a hell of an impact all up and down the supply chain.

 

Funny, though, because the GOP tax cuts NEVER go along with spending cuts. Why? Because the spending cuts would negate the short-term economic benefits of the tax cuts, thus eliminating the purpose that the tax cuts had in the first place: To buy votes for the GOP.

Ever asked yourself the question: Why does the GOP ALWAYS cut taxes first, and then promises spending cuts later (which NEVER materialize), instead of cutting spending first, and THEN cut taxes? The latter thing would be fiscally responsible, the former is not. The reason why the GOP does this is in my first paragraph.

 

Explain the supreme Biden plan then. His horse is running and he is the rider of the horse.

The way you guys talk on the Democrats side we can expect inflation to end by Sunday I suppose.

This might sober up all the economics experts here.
It was when Carter was president that I got my hands on the predictions of over 20 expert economists as to what Carter could expect.
Well they all came up with numbers. At the end of the time, none got it right. Where one was closer on unemployment, he was way off on interest rates and similar all up and down the line.
I hate to predict economics because in the past they were wrong.

 

Logically, the inflation will end when the supply catches up with demand. If it doesn't, then there is a long term problem. Right now, there is no serious indication that the problem will be long term, seems to be more of a 'bottle neck'.

 

You know, even a saw only cuts when the sharp tips engage the wood.
Tax cuts are good for the nation. There is no justification for the Feds to remove from your pocket, funds to hand to me in my pocket.
Democrats transfer the money. Republicans cause the money to engage. The republican economics are as the saw teeth are to the saw, they work.

Reagan was sold a bill of goods by the late Tip O'Neil as you have been told by others. Tip was not trying to help Reagan. Tip wanted to cause Reagan to lose his office. We are all lucky it did not work.
The best way to comprehend the Reagan tax cuts is to explain the mechanics.
Reagan knew he could cause industry to get moving again by making the deal sweet they needed, to rapidly speed up depreciation. Yes they had to first invest to get the depreciation. it was only for new goods. So your factory could buy robots and also improve machines. This caused them to make goods faster and better.
His plan was just a rapid increase of the depreciation schedules. And they still work now.

 

What is Biden doing as the rider of his horse?

Why would they be short now? Trump had them early into CV19 and yet the supply rebounded very fast under Trump.

I once sent to my investors my own news letter on stuff like this.
I would cull the best economists views and try to work to improve on that. I can't say they helped me a lot. So I do not put all my faith in the economists today. Doubt I ever will believe all that they say.

 

Too many people sitting home and not enough people producing anything creates inflation. Especially when they are getting bonus money to spend for sitting at home. Much of is driving current inflation is directly related to energy costs which have skyrocketed since Biden essentially declared war on fossil fuels.

 

You see that answer in a month or two if the 24 ports help and we are able to hire qualified individuals to drive transport trucks. Supply lags demand EVERY TIME unless government subsidizes an industry using tax dollars.

 

This makes no sense. Demand with lagging supply creates inflation. The only time that supply will proceed demand if if a government subsidizes an industry with tax dollars.

 

Ships are sitting at sea loaded with goods. They were made and shipped. Sure there is a bottle neck. But it is there on the ocean in plain sight.

 

The point you are trying to make? Or is there one? You want Biden to run or subsidize the trucking companies?

 

So you are blaming the Trucking industry. What industry was subsidized that you speak of?

 

I did not say any industry was being subsidized. Reread the post before responding please.

 

I do not understand the point you are trying to make now.

You put the whole blame on the trucking industry. I just am listening to your claims.

 

LOL. You are in full spin mode. Just look at the bottom line. Under Trump inflation ran about 2% for four years. In just one short year under Biden it has jumped to 6% and there is no end in sight. It doesn't take a rocket scientist to figure out that when you screw the energy sector and promote more expensive green energy and you screw over all employers, big and small, inflation will increase. You don't even have to take an economics course to understand that.

 

Work on your clarity.

 

there is a reason that "supply and demand" are covered in econ 101, we went to econ 604 at auburn.

also, it might be in another thread, but i noticed that supply and demand do not seem, to them, to apply to the current "labor shortage."

 

Hey now said this direct quote.
"Supply lags demand EVERY TIME unless government subsidizes an industry using tax dollars."
I then asked him what industry was subsidized using tax dollars. He told me to read his post again.

So I did two times.

 

I get that you don't understand. Demand precedes supply, it will eventually catch up. For Biden to interject himself into this supply chain issue, he would have to subsidize the private trucking companies to have trucks and drivers sitting around waiting for the supply to arrive or private owners will only hire more drivers and trucks once it was absolutely necessary as it's affects both variable and fixed costs.

 

What happens when you lock everyone in their homes for months on end

 

Did you study the Accelerated Cost Recovery System too?

If you depreciate today a machine over 30 years, but suddenly shorten it to 10 years, don't you see that industry will renew machines faster?

 

Work on your comprehension.

 

Wait, you sound like you are saying something increased demand earlier. What did that? Was it the money Biden handed out to the economy now kicking in?

You make it seem Biden is willing to cause inflation.