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  • 7% Inflation

    Since the government inflated the currency by almost 10%…wouldn’t it be nice if the FEDs allowed a 7-10% cut off their taxes? Or even better…their spending.

    But the world is full of little minds and they will blame their employers and ask for another wage hike. Without putting much thought with who damaged the currency they work day and night for.

    Any real economist understands how severally understated CPI numbers are. How nice would it be to be able to grade your own work…

    thieves

    deceivers will be deceived

  • #2
    Learn what base effect is before you shriek about inflation. Also, learn the difference between rate of change and absolute value. It matters in econometrics.

    Originally posted by CoatezOfManyColors View Post
    Since the government inflated the currency by almost 10%…wouldn’t it be nice if the FEDs allowed a 7-10% cut off their taxes?
    You only care about deficits after your OrangeDoucheBag loses an election. He was no different than your RINOs. He even called himself the "king of debt" and teased at his genius history of default. Remember this further down.

    https://www.washingtonpost.com/polit...eed-king-debt/

    Originally posted by CoatezOfManyColors View Post
    Or even better…their spending.
    Did you whine about Trump's cheesy signed checks or his "infrastructure week"? Didn't think so.

    Originally posted by CoatezOfManyColors View Post
    But the world is full of little minds and they will blame their employers and ask for another wage hike.
    There you have it folks ...... he wants Americans to make less. So you're a shill for the elites now. You've been so bamboozled by Tucker and Ramsey that you think strong labor markets mean you're being ripped off. After 3 decades of declining standards of living you're pissed that people will have more money. JOLTs is an econometric that stands for job openings and labor transfers. It reflects the ability of earners to find better jobs by quitting and re-entering the job market. It's a sign of value. It's a very good thing. When did you trade in your populism for a job sucking off the bosses? Joe the plumber is supposed to work forever without a raise? Truck drivers are supposed to work a shitty, marriage-wrecking, health-wrecking job and be happy with crap pay? You don't have a blue-collar bone in your body.

    Originally posted by CoatezOfManyColors View Post
    Without putting much thought with who damaged the currency they work day and night for.
    Dude, the dollar index was 94.63 when TheOrangeDoucheBag took over. It's at 94.88 as of Jan 1. It's actually a tad higher under Biden. And who damaged the greenback? Is the currency market a bunch of liberal socialist atheist Black people? No, they're smart capitalists.

    You want to know what "damages" a currency? Default. Trump's renegotiation of debt at a sovereign level. That's what you should be worried about.

    Originally posted by CoatezOfManyColors View Post
    Any real economist understands how severally understated CPI numbers are.
    OMG! ROTFLMAO! OH DADDY! You actually said "real economist" after showing your extensive illiteracy in the matter. Thanks for the laugh. I needed it today. It's been a day, I tell ya. Jesus, where do I start with a fifth grader like you: All economic models depend on growth. Got it? Inputs are various. Population, nominal growth, real growth, productivity growth, money supply, cost of capital, earnings, etc., etc., etc. All measurements are, at best, guesses. If you took 100 people with time pieces they would all report different times because all clocks are wrong, it only matters by how much. In macroeconomics government numbers are not used for their absolute value (remember what I said above?) because smarter people have better clocks, and they, unlike you, know how a clock actually works, so all they care about is changes in expectations and how it relates to future monetary/fiscal policy. Absolute levels don't mean much.

    But since you're a shill, a wind-up mouthpiece, you shriek when the bosses tell you to shriek.

    I'd teach you the cycles and components of the last 30 years of dis-inflation, and how the very reliable cycle is at an end; how the price of energy, especially fracking, has nothing to with Biden, and has solely to do with capitalism; how wage inflation is wonderful news for blue-collar America. But you prefer to remain economically illiterate.

    Originally posted by CoatezOfManyColors View Post
    thieves
    YOU'RE ADORABLE!

    Originally posted by CoatezOfManyColors View Post
    deceivers will be deceived
    LOL. You would know.
    Last edited by whiskynovember; 01-13-2022, 04:43 PM.
    Conservatism is the belief that a small subset of the people is protected by the law, but not bound by it, while another, larger group is bound by the law, but is not protected by it.

    ~ Unknown

    Comment


    • #3
      [QUOTE=whiskynovember;n374114]Learn what base effect is before you shriek about inflation. Also, learn the difference between rate of change and absolute value. It matters in econometrics.



      You only care about deficits after your OrangeDoucheBag loses an election. He was no different than your RINOs. He even called himself the "king of debt" and teased at his genius history of default. Remember this further down.

      https://www.washingtonpost.com/polit...eed-king-debt/



      Did you whine about Trump's cheesy signed checks or his "infrastructure week"? Didn't think so.



      There you have it folks ...... he wants Americans to make less. So you're a shill for the elites now. You've been so bamboozled by Tucker and Ramsey that you think strong labor markets mean you're being ripped off. After 3 decades of declining standards of living you're pissed that people will have more money. JOLTs is an econometric that stands for job openings and labor transfers. It reflects the ability of earners to find better jobs by quitting and re-entering the job market. It's a sign of value. It's a very good thing. When did you trade in your populism for a job sucking off the bosses? Joe the plumber is supposed to work forever without a raise? Truck drivers are supposed to work a shitty, marriage-wrecking, health-wrecking job and be happy with crap pay? You don't have a blue-collar bone in your body.



      Dude, the dollar index was 94.63 when TheOrangeDoucheBag took over. It's at 94.88 as of Jan 1. It's actually a tad higher under Biden. And who damaged the greenback? Is the currency market a bunch of liberal socialist atheist Black people? No, they're smart capitalists.

      You want to know what "damages" a currency? Default. Trump's renegotiation of debt at a sovereign level. That's what you should be worried about.



      OMG! ROTFLMAO! OH DADDY! You actually said "real economist" after showing your extensive illiteracy in the matter. Thanks for the laugh. I needed it today. It's been a day, I tell ya. Jesus, where do I start with a fifth grader like you: All economic models depend on growth. Got it? Inputs are various. Population, nominal growth, real growth, productivity growth, money supply, cost of capital, earnings, etc., etc., etc. All measurements are, at best, guesses. If you took 100 people with time pieces they would all report different times because all clocks are wrong, it only matters by how much. In macroeconomics government numbers are not used for their absolute value (remember what I said above?) because smarter people have better clocks, and they, unlike you, know how a clock actually works, so all they care about is changes in expectations and how it relates to future monetary/fiscal policy. Absolute levels don't mean much.

      But since you're a shill, a wind-up mouthpiece, you shriek when the bosses tell you to shriek.

      I'd teach you the cycles and components of the last 30 years of dis-inflation, and how the very reliable cycle is at an end; how the price of energy, especially fracking, has nothing to with Biden, and has solely to do with capitalism; how wage inflation is wonderful news for blue-collar America. But you prefer to remain economically illiterate.



      YOU'RE ADORABLE!



      LOL. You would know.
      [/QUOTE

      I am adorable. Something we can agree on

      You must own a cherry tree. Obama left the Dollar Index at 80 and Trump reached above 100. Then Covid hit right? How long has Biden been in office lol? Not even a year…

      Inflation eats up wages. Who created the inflation?! Whoever issues the currency is who created the inflation. Or if we lose world reserve status…

      There are only so many cherries on trees and a bad rainy season can increase the price of your cherries, Mr Cherry Picker. But if everyone has UBI this requires less people to produce (for awhile)…which will lower the yields of your cherry farm. This is currently happening today. Look at the supply chain issues.

      I do wish employers would raise wages according to inflation, but with inflation even their costs go up. (Cough) look at Social Security increases. Wait who pays out SS checks…oh yea the same group who runs the CPI numbers, the Bureau of Labor lol. The same people who created the inflation in the first place (leaders) Im amazed!

      I agree Americans have seen a drop in living standards. What important things happened in the last 4-5 decades. Nixon shock, but also competition picked up.
      The industrial world had been blown to bits in WW2 America was the only safe haven. Look at Asia and Western Europe today.

      Your answer to our overspending is literally to spend more to keep the hamster wheel going. Faster faster!

      I am anti corp, like our founders were. But the hunger (greed) of many Americans can’t bear to be without their junk food. It’s reflected not only in their waistline, but also policy now…What a decadent and exuberant generation.


      With love, your adversary

      ps. I rarely watch Fox. Trump is certainty a better choice than Biden. The fact you overlook Biden is barely operating only proves how unhinged you are. Trump isn’t exactly a flagship politician. He isn’t a principled person and I knew he would be a spender.Biden will certainly put Trumps spending to shame.

      You act like you already know my position, but you really don’t lol. Again proving how unhinged you are. You must be going mad. Giving off Jack vibes, bruh.
      Last edited by CoatezOfManyColors; 01-14-2022, 03:59 AM.

      Comment


      • #4
        The cheap labor bubble has popped. Covid is not going anywhere. Logistics is backed up like 95 during a snow storm. When Obama handed over the spectacular economy, we were trending in the right direction. I wrote in my journal that day that when four years are up, our social and economical lives will be in chaos. I don't think I need to open a palm reading business, we could see it coming. Look at the first year of spending. Flying to play golf every weekend. There were some happy people. They knew what happens when republicans come into office. Tax breaks for the rich!. Go look at the last time they put a tv personality into office. Problem is they were so butt hurt from the Obama tax bill, they put this money in their pocket. To me it seems like rich people do well when a republican is in office and everyone else goes broke. Like sit here and watch me make money and look at all my stuff. Check to see how we funded the resources to pave our awesome interstate highway system. Funny how the top one percent find so many people to watch them do well and support them. Fifteen dollars an hour is not enough, and is cringe worthy to baby boomers trying to staff a business. Many have been sitting back waiting on things to go back. It will not, and someone else will take your employees because you can't even do fifteen dollars an hour. Good luck!



        T

        Comment


        • #5
          Originally posted by CoatezOfManyColors View Post

          I am adorable. Something we can agree on

          You must own a cherry tree. Obama left the Dollar Index at 80 and Trump reached above 100.
          Learn how to read charts. https://www.marketwatch.com/investing/index/dxy/charts.

          Obama took the dollar at its nadir at 72 ( Republicans always get bailed out by Dems) and brought it up to 95. That's a 32% increase. Trump increased it a whopping 3%. Your cherry tree is dead.

          Originally posted by CoatezOfManyColors View Post
          Inflation eats up wages.
          And water is wet. Can you swim? In economics that means learn the real rate of inflation. When wages rise you have more money. Water is wet, but you float. See how that works?

          Originally posted by CoatezOfManyColors View Post
          Who created the inflation?!
          Central banks don't set wages, the labor market does. Central banks don't control Chinese supply chains, the Chinese do.

          Originally posted by CoatezOfManyColors View Post
          Whoever issues the currency is who created the inflation.
          And the wage increases, too? Learn about the difference between monetary policy and fiscal spending. They're different you know. One affects base money in the banking system. One affects immediate consumption behaviors. Don't forget that neither have anything to do with production of materials and energy, and their distribution.

          Originally posted by CoatezOfManyColors View Post
          Or if we lose world reserve status…
          By definition a global reserve currency has to be highly liquid in order to be a global reserve currency. You get that, right? You're arguing at cross purposes.

          Originally posted by CoatezOfManyColors View Post
          But if everyone has UBI ......
          Oh for fuck's sake, this imagined bullshit again. The number of Americans in government who want UBI is the same number as want open borders: somewhere between 0 and 1.

          Originally posted by CoatezOfManyColors View Post
          This is currently happening today.
          No, it's not. You're a moron.

          Originally posted by CoatezOfManyColors View Post
          Look at the supply chain issues.
          Increased consumption due to stimmy checks (both from TheOrangeDouchebag and Biden) had nothing whatsoever to do with production and shipping constraints. Nothing. Stop embarrassing yourself.

          Originally posted by CoatezOfManyColors View Post
          I do wish employers would raise wages according to inflation
          That's so kind of you, but why dictate to employers that way? Why interfere with the labor marketplace? You sound like a central planner.

          Originally posted by CoatezOfManyColors View Post
          but with inflation even their costs go up.
          This surprises you? This is your complaint? In your ideal model prices should always fall and every year people would take pay cuts? You are a shill for the 1%.

          Originally posted by CoatezOfManyColors View Post
          (Cough) look at Social Security increases. Wait who pays out SS checks…oh yea the same group who runs the CPI numbers, the Bureau of Labor lol.
          Government exists. In case you just discovered this and pine for some anarchistic nirvana or some libertarian jungle hellscape, go get a job in a coal mine and remember to carry a gun and some anti-biotics because there won't be any health coverage, workplace safety codes, or law enforcement.

          Originally posted by CoatezOfManyColors View Post
          The same people who created the inflation in the first place (leaders) Im amazed!
          Nah, you're just an ignorant whiner.

          Originally posted by CoatezOfManyColors View Post
          I agree Americans have seen a drop in living standards. What important things happened in the last 4-5 decades. Nixon shock, but also competition picked up.
          The industrial world had been blown to bits in WW2 America was the only safe haven. Look at Asia and Western Europe today.
          You're so predictable. The fall in living standards came during a protracted period of dis-inflation. Ponder that Bubba. GOPer policies shipped jobs to China (for cheap pricing!) and re-balanced the domestic labor rates with "right to work" slave wages; attacked good paying union jobs as communism and dismantled our heavy industry; gutted taxes on corporations and the 1% (trashing the FED balance sheet [thanks, W!] allowing them to buy back shares with the windfall AND used corporate socialism monetary policy to flood the banking system with liquidity that went further into the stock market. And now that a few rounds of fiscal spending have pulled the nation out of the Covid black hole ..... now the shiteaters are bitching.

          Originally posted by CoatezOfManyColors View Post
          Your answer to our overspending is literally to spend more to keep the hamster wheel going. Faster faster!
          If can't quote me as saying exactly that then you have your head up your ass.

          Originally posted by CoatezOfManyColors View Post
          I am anti corp, like our founders were.
          No, you're not "anti-corp"; everything you advocate for comes straight out of their mouths. The Founders weren't either. For fuck's sake, they were elites who didn't trust the mob. What do you think the US Senate is?

          Originally posted by CoatezOfManyColors View Post
          But the hunger (greed) of many Americans can’t bear to be without their junk food. It’s reflected not only in their waistline, but also policy now…What a decadent and exuberant generation.
          At least you learned that poverty and obesity do not equal being overfed. Good doggy. But trying to conflate poverty and decadence is just dumb.





          Conservatism is the belief that a small subset of the people is protected by the law, but not bound by it, while another, larger group is bound by the law, but is not protected by it.

          ~ Unknown

          Comment


          • #6
            Originally posted by Dezxman17 View Post
            The cheap labor bubble has popped. Covid is not going anywhere. Logistics is backed up like 95 during a snow storm. When Obama handed over the spectacular economy, we were trending in the right direction. I wrote in my journal that day that when four years are up, our social and economical lives will be in chaos. I don't think I need to open a palm reading business, we could see it coming. Look at the first year of spending. Flying to play golf every weekend. There were some happy people. They knew what happens when republicans come into office. Tax breaks for the rich!. Go look at the last time they put a tv personality into office. Problem is they were so butt hurt from the Obama tax bill, they put this money in their pocket. To me it seems like rich people do well when a republican is in office and everyone else goes broke. Like sit here and watch me make money and look at all my stuff. Check to see how we funded the resources to pave our awesome interstate highway system. Funny how the top one percent find so many people to watch them do well and support them. Fifteen dollars an hour is not enough, and is cringe worthy to baby boomers trying to staff a business. Many have been sitting back waiting on things to go back. It will not, and someone else will take your employees because you can't even do fifteen dollars an hour. Good luck!



            T
            If an employer thinks they can undercut employees it’s laughable. Businesses go up in smoke daily. Word of mouth gets around and people soon leave for greener pastures.

            I remember watching a video of Bernie Sanders talking about raising the min wage to 5ish dollars in the 1990s. Kinda funny considering, he’s asking 20 bucks now. He’s only looking at one side of the problem. People need to understand the world economy could flop. And I mean civilizations falling.

            Back in the day people could get Quarter Pounders for .70 cents. Today a nickel is worth more than face value. Everyone is literally dying. But they run to Washington for help, the ones who created many of the issues in the first place.

            Literally look to Rome and Greece. The country starts off strong than they find ways to depreciate/inflate the currency to increase government (government spending). Then the layman wonders why everyone becomes more expensive.

            Many politicians/philosophers are in the business of broken promises…and dreams. Just read the first pages of The Communist Manifesto. It’s reminiscent of how Cortez took over the Aztecs. He used the underclasses to attack the power structure. He inflamed peoples envy to justify burning buildings. BLM style.

            People believed they were doing what’s right. But In reality they were just trying to find a way to do what they WANTED. People lie to themselves all the time. We don’t want to admit we aren’t as good as we think. It’s easy to appeal to the lowest common denominator. Just promote our fleshly desires…

            It’s always best to focus on improving yourself than being envious of what others have. Time is too short. In reality some of us are smarter than others. Some people are street smart while others are book smart. Others are empirical while others are spiritual. Some are tall and others are short. Some are stronger. Who is perfect but God?

            My issue is when people don’t accept other people have different opinions. So they lash out and try to control them. The dumbest/authoritarian people tend to want to control everything, because they “know” they have the answers.

            The economy became super stagnant under Obama sadly. It was sad watching, but the average person doesn’t understand Econ/finance in the slightest bit. The furthest effort many will go to understand Econ is maybe watching a Robert Reich YouTube video.

            Physical effort is one thing, but if you can use your mind it’s more powerful. But time and time again peoples owns biases will never let them have a open heart or mind for other opinions. Some people just always want to be right. It’s called Pride.

            Sometimes we do have to accept we made a mistake or were simply just wrong.

            proverbs 9:8

            Reprove not a scorner, lest he hate thee: rebuke a wise man, and he will love thee.
            Last edited by CoatezOfManyColors; 01-14-2022, 04:29 PM.

            Comment


            • #7
              Originally posted by whiskynovember View Post

              Learn how to read charts. https://www.marketwatch.com/investing/index/dxy/charts.

              Obama took the dollar at its nadir at 72 ( Republicans always get bailed out by Dems) and brought it up to 95. That's a 32% increase. Trump increased it a whopping 3%. Your cherry tree is dead.



              And water is wet. Can you swim? In economics that means learn the real rate of inflation. When wages rise you have more money. Water is wet, but you float. See how that works?



              Central banks don't set wages, the labor market does. Central banks don't control Chinese supply chains, the Chinese do.



              And the wage increases, too? Learn about the difference between monetary policy and fiscal spending. They're different you know. One affects base money in the banking system. One affects immediate consumption behaviors. Don't forget that neither have anything to do with production of materials and energy, and their distribution.



              By definition a global reserve currency has to be highly liquid in order to be a global reserve currency. You get that, right? You're arguing at cross purposes.



              Oh for fuck's sake, this imagined bullshit again. The number of Americans in government who want UBI is the same number as want open borders: somewhere between 0 and 1.



              No, it's not. You're a moron.



              Increased consumption due to stimmy checks (both from TheOrangeDouchebag and Biden) had nothing whatsoever to do with production and shipping constraints. Nothing. Stop embarrassing yourself.



              That's so kind of you, but why dictate to employers that way? Why interfere with the labor marketplace? You sound like a central planner.



              This surprises you? This is your complaint? In your ideal model prices should always fall and every year people would take pay cuts? You are a shill for the 1%.



              Government exists. In case you just discovered this and pine for some anarchistic nirvana or some libertarian jungle hellscape, go get a job in a coal mine and remember to carry a gun and some anti-biotics because there won't be any health coverage, workplace safety codes, or law enforcement.



              Nah, you're just an ignorant whiner.



              You're so predictable. The fall in living standards came during a protracted period of dis-inflation. Ponder that Bubba. GOPer policies shipped jobs to China (for cheap pricing!) and re-balanced the domestic labor rates with "right to work" slave wages; attacked good paying union jobs as communism and dismantled our heavy industry; gutted taxes on corporations and the 1% (trashing the FED balance sheet [thanks, W!] allowing them to buy back shares with the windfall AND used corporate socialism monetary policy to flood the banking system with liquidity that went further into the stock market. And now that a few rounds of fiscal spending have pulled the nation out of the Covid black hole ..... now the shiteaters are bitching.



              If can't quote me as saying exactly that then you have your head up your ass.



              No, you're not "anti-corp"; everything you advocate for comes straight out of their mouths. The Founders weren't either. For fuck's sake, they were elites who didn't trust the mob. What do you think the US Senate is?



              At least you learned that poverty and obesity do not equal being overfed. Good doggy. But trying to conflate poverty and decadence is just dumb.




              Look at how mad you are lol. Plus you’ve had to clip snippets of my words to create Strawmen. You’ve literally distorted my argument. I actually feel bad for you!

              “If can't quote me as saying exactly that then you have your head up your ass.” Hahaha you’ve literally been creating made up narratives on my viewpoint, hypocrite.

              Btw look up the definition of Decadence. It means in decline…
              Its actually kinda sad how things are flying right over your head…

              you do have some gems I agree with though.

              ”used corporate socialism monetary policy to flood the banking system with liquidity that went further into the stock market.” Yup, I don’t like this. The prevailing argument is to save everyone’s 401ks and retirements by inflating the stock market. Which is insane.

              ”get a job in a coal mine and remember to carry a gun and some anti-biotics because there won't be any health coverage” this is funny because my family actually did work in mines. Some still do.

              “This surprises you? This is your complaint? In your ideal model prices should always fall and every year people would take pay cuts? You are a shill for the 1%”.

              Whuuuut, quote me on that lmao!? Wages shouldn’t drop but prices should become cheaper when your currency strengthens. Inflation literally eats up everyone’s savings. I vote for not destroying everyone’s savings.

              you do realize you told me to get my head out of my ass because I made fun of New Keynesian viewpoints. I’ve always been a Menger fan…

              “I do wish employers would raise wages according to inflation

              That's so kind of you, but why dictate to employers that way? Why interfere with the labor marketplace? You sound like a central planner.”

              You split my words…there was a “but” in there. Nice try though! You calling me a central planner of all things is hilarious! You are the one praising central planning lol.

              Michigan was at one time the power hub of industry worldwide. Look at her today. This is what happens when governments get too large and people elect John Dingell (59 years in office) then when he died his wife runs in his place. Those car companies literally had no competition until Japan started making vehicles. It’s the natural cycle of things. Clearly the mob and bad politics ruined Detroit. If you don’t see it…I really don’t mind.


              Last edited by CoatezOfManyColors; 01-14-2022, 01:03 PM.

              Comment


              • #8

                Comment


                • #9
                  Originally posted by CoatezOfManyColors View Post

                  Plus you’ve had to clip snippets of my words to create Strawmen.
                  Show exactly how I did this. Quote both yourself and me.You won't.

                  Originally posted by CoatezOfManyColors View Post
                  You’ve literally distorted my argument.
                  I'll wait for proof. This will be good.

                  Originally posted by CoatezOfManyColors View Post
                  Hahaha you’ve literally been creating made up narratives on my viewpoint, hypocrite.
                  You have a lot riding on this. Get to it.

                  Originally posted by CoatezOfManyColors View Post
                  Btw look up the definition of Decadence. It means in decline…
                  You're actually right for once. I meant the colloquial meaning of the word, not the literal meaning.

                  Originally posted by CoatezOfManyColors View Post
                  you do have some gems I agree with though. ”used corporate socialism monetary policy to flood the banking system with liquidity that went further into the stock market.” Yup, I don’t like this. The prevailing argument is to save everyone’s 401ks and retirements by inflating the stock market. Which is insane.
                  Nope, nice try. It was to save modern capitalism, capital markets and equities from financial shocks brought on by lack of regulation, to save corporations so that people could still have jobs and houses. 401ks and retirement accounts were just by-products that millions of Americans didn't have.

                  Originally posted by CoatezOfManyColors View Post
                  ”get a job in a coal mine and remember to carry a gun and some anti-biotics because there won't be any health coverage” this is funny because my family actually did work in mines. Some still do.
                  If they work under government imposed safety standards and business regulation then they don't have to watch for thieves as they work, administer their own medical care, and die in the mines as readily if they worked under the conditions you prefer.

                  Originally posted by CoatezOfManyColors View Post
                  Whuuuut, quote me on that lmao!? Wages shouldn’t drop but prices should become cheaper when your currency strengthens. Inflation literally eats up everyone’s savings. I vote for not destroying everyone’s savings.
                  You said "they will blame their employers and ask for another wage hike." This is a blatant complaint that wages are rising. You're a shill for the very people you claim to oppose. During the decades when living standards fell in real terms people like you told the workers "Stop bitching about your pay rate and get a better job." Now there doing precisely that and you're blaming them for doing it. You take the side of the bosses and claim to be some kind of populist.

                  Originally posted by CoatezOfManyColors View Post
                  you do realize you told me to get my head out of my ass because I made fun of New Keynesian viewpoints. I’ve always been a Menger fan…
                  It's axiomatic that Austrians have their heads up their ass, especially when it comes to inflation. they've been calling for hyper inflation ever since 1913, 1971, and especially since QE. They can't reckon the economic consequence of the difference between monetary and fiscal policy. It's not surprising that you can't either.

                  Originally posted by CoatezOfManyColors View Post
                  You split my words…there was a “but” in there. Nice try though!
                  This is your full sentence, which looks equally incoherent: "I do wish employers would raise wages according to inflation, but with inflation even their costs go up."

                  Kitten, wages are a cost. Even Menger wasn't so stupid as to deny that. It doesn't change your meaning in any way to abbreviate it. You're saying only cost inflation should warrant wage increases as if supply and demand of labor should be ignored. That's a central planning fallacy. The market rules in America, Kitten.

                  Originally posted by CoatezOfManyColors View Post
                  You calling me a central planner of all things is hilarious! You are the one praising central planning lol.
                  You're really, really bad at this. And are you claiming that central banks = centrally planned economies? Really?

                  Originally posted by CoatezOfManyColors View Post
                  Michigan was at one time the power hub of industry worldwide. Look at her today. This is what happens when governments get too large and people elect John Dingell (59 years in office) then when he died his wife runs in his place. Those car companies literally had no competition until Japan started making vehicles. It’s the natural cycle of things. Clearly the mob and bad politics ruined Detroit. If you don’t see it…I really don’t mind.[/qyote]

                  You think the mob and local politics is more determinative than global markets? Local politics had nothing to do with Japan building better products. Austrians blame everything on the fact that government exists somewhere on the planet.

                  Conservatism is the belief that a small subset of the people is protected by the law, but not bound by it, while another, larger group is bound by the law, but is not protected by it.

                  ~ Unknown

                  Comment


                  • #10
                    Originally posted by whiskynovember View Post

                    Show exactly how I did this. Quote both yourself and me.You won't.



                    I'll wait for proof. This will be good.



                    You have a lot riding on this. Get to it.



                    You're actually right for once. I meant the colloquial meaning of the word, not the literal meaning.



                    Nope, nice try. It was to save modern capitalism, capital markets and equities from financial shocks brought on by lack of regulation, to save corporations so that people could still have jobs and houses. 401ks and retirement accounts were just by-products that millions of Americans didn't have.



                    If they work under government imposed safety standards and business regulation then they don't have to watch for thieves as they work, administer their own medical care, and die in the mines as readily if they worked under the conditions you prefer.



                    You said "they will blame their employers and ask for another wage hike." This is a blatant complaint that wages are rising. You're a shill for the very people you claim to oppose. During the decades when living standards fell in real terms people like you told the workers "Stop bitching about your pay rate and get a better job." Now there doing precisely that and you're blaming them for doing it. You take the side of the bosses and claim to be some kind of populist.



                    It's axiomatic that Austrians have their heads up their ass, especially when it comes to inflation. they've been calling for hyper inflation ever since 1913, 1971, and especially since QE. They can't reckon the economic consequence of the difference between monetary and fiscal policy. It's not surprising that you can't either.



                    This is your full sentence, which looks equally incoherent: "I do wish employers would raise wages according to inflation, but with inflation even their costs go up."

                    Kitten, wages are a cost. Even Menger wasn't so stupid as to deny that. It doesn't change your meaning in any way to abbreviate it. You're saying only cost inflation should warrant wage increases as if supply and demand of labor should be ignored. That's a central planning fallacy. The market rules in America, Kitten.



                    You're really, really bad at this. And are you claiming that central banks = centrally planned economies? Really?


                    Haha, honestly I appreciate the back and forth. Maybe I should continue to brush up on more info. I always enjoy hearing the other side. I’m curious where your interest in Econ came from?

                    But of course a centralized private bank is centralized governance. The Bank allows the mass amounts of money to enter the the indexes/investment banks yada yada. Remember those socialist programs for the rich you mentioned earlier? This is why we don’t have true Capitalism, IMO.
                    Because politicians on every side ( I’d rather not choose a faction) mess up and want to cover their tracks. So they make paper promises. Socialism for the top 0.01.

                    I remember listening to a left leaning professor talk about the historical groups that are historically in the Super Elite. I was always amazed how many politicians/statesman were always included. Caesar, Mansa Musa, Crassus, The Queen of England were and are some of the richest men/women in history. They get their power by dividing us and pinning one against another. A trick even the Pharaohs were famous for.

                    Id love to hear your support for central banks actually.

                    When it comes to Austrians talking about Hyperinflation. We aren’t all catastrophists. I think it really helps at fact the dollar is the world reserve currency. So the ultimate fall is stretched out in my mind.

                    We only keep reserve status because the Sunni (House of Saud) vs Shia ( Persians) conflict. If we didn’t have the most advanced military to protect the Saudis (Strait of Hormuz and the choke points in the Red Sea.) they wouldn’t need to sell oil in dollars. Once the use of oil drops or they trade in other currency you know what happens next.

                    People fail to see the House of Saud has a giant role. Their wealth far surpasses even Elon Musk. Why would they have to report to Forbes? I mean, just look at Saudi Aramco…they chop peoples heads off.



                    Off note: most people don’t technically own stocks. Doesn’t the DTC own the true rights? The DTC is owned by the largest share holders, like The Fed. So they know what’s coming down the pipeline. They can literally swindle errrrbody.

                    Comment


                    • #11
                      Originally posted by Dezxman17 View Post
                      The cheap labor bubble has popped. Covid is not going anywhere. Logistics is backed up like 95 during a snow storm. When Obama handed over the spectacular economy, we were trending in the right direction. I wrote in my journal that day that when four years are up, our social and economical lives will be in chaos. I don't think I need to open a palm reading business, we could see it coming. Look at the first year of spending. Flying to play golf every weekend. There were some happy people. They knew what happens when republicans come into office. Tax breaks for the rich!. Go look at the last time they put a tv personality into office. Problem is they were so butt hurt from the Obama tax bill, they put this money in their pocket. To me it seems like rich people do well when a republican is in office and everyone else goes broke. Like sit here and watch me make money and look at all my stuff. Check to see how we funded the resources to pave our awesome interstate highway system. Funny how the top one percent find so many people to watch them do well and support them. Fifteen dollars an hour is not enough, and is cringe worthy to baby boomers trying to staff a business. Many have been sitting back waiting on things to go back. It will not, and someone else will take your employees because you can't even do fifteen dollars an hour. Good luck!



                      T
                      The GOPers always spend as much as Dems, but GOPers dump taxes for the rich trashing the deficit. They trash the FED balance sheet with bailouts and QE for the banksters and Wall Street. Dems try to give home owners protection for mortgages and healthcare but GOPers call it socialism. It's an old story. People on the right, people like Coatez, are the peasants the rich throw into a burning building. The peasants say "Thank you, boss, can I have another?" Boss man says "It'll trickle down, but only if I get another tax cut first." Meanwhile, the 10% own 90% of everything and somehow the peasants are instructed to say "It's the fault of the poor ...... not me, but that poor guy over there, right boss?"

                      When the poors vote it makes the boss tell his poors to attack the other poors. "Go get 'em, they have an extra muscle in their leg. Attack the capital and shut down the election certification." The boss brings out his Trust Fund babies to tell the story in a way to keep his poors angry. So here we are with Coatez telling us it's unfair for poors to get raises because something something Menger.
                      Conservatism is the belief that a small subset of the people is protected by the law, but not bound by it, while another, larger group is bound by the law, but is not protected by it.

                      ~ Unknown

                      Comment


                      • #12
                        Originally posted by whiskynovember View Post

                        The GOPers always spend as much as Dems, but GOPers dump taxes for the rich trashing the deficit. They trash the FED balance sheet with bailouts and QE for the banksters and Wall Street. Dems try to give home owners protection for mortgages and healthcare but GOPers call it socialism. It's an old story. People on the right, people like Coatez, are the peasants the rich throw into a burning building. The peasants say "Thank you, boss, can I have another?" Boss man says "It'll trickle down, but only if I get another tax cut first." Meanwhile, the 10% own 90% of everything and somehow the peasants are instructed to say "It's the fault of the poor ...... not me, but that poor guy over there, right boss?"

                        When the poors vote it makes the boss tell his poors to attack the other poors. "Go get 'em, they have an extra muscle in their leg. Attack the capital and shut down the election certification." The boss brings out his Trust Fund babies to tell the story in a way to keep his poors angry. So here we are with Coatez telling us it's unfair for poors to get raises because something something Menger.
                        I thought I was a central planner for “wishing” wages kept up with inflation. Then I pointed out the government doesn’t do such things with Social Security.

                        I am not supporting the hypocrites who call themselves Republicans and roll out socialist QE/Bailouts. You even mentioned politicians have Socialism for the rich and screw us over. Which I agree with.

                        You created a story of rich man pinning people against each other. That’s literally what I said politicians have done since the beginning of time. People like Pharaohs…

                        I want young men and women to be able to pay bills, have families, and fill their shelves. I just don’t think giving the reigns to THE RICH/Politicians/Bankers is the right idea.

                        The issue is the politically connected. They use our flesh and money to ensure their own profits by inflating and deflating the currency. They arrange the chess board where they know the rules. Then they flush the DTC aka Money Markets (owned by the FED) with money. Regular blue collar people are too busy with their day to day lives. People shouldn’t have to worry about these things in a just society.

                        by the way, my family who work in mines aren’t in the USA.

                        Comment


                        • #13
                          Originally posted by CoatezOfManyColors View Post

                          Haha, honestly I appreciate the back and forth. Maybe I should continue to brush up on more info. I always enjoy hearing the other side. I’m curious where your interest in Econ came from?
                          I've been self-employed all my life and I've been an investor since is was 19. I had no safety net and I'm a capitalist. If you can't fend for yourself you'll just live poorly and have very few options.

                          Originally posted by CoatezOfManyColors View Post
                          But of course a centralized private bank is centralized governance. The Bank allows the mass amounts of money to enter the the indexes/investment banks yada yada.
                          Yes, central banks govern sovereign currency and debt issuance. No, the central bank does not determine market capital flows. That is entirely a private arm of capitalism. Have you heard the term pushing on a string?

                          Originally posted by CoatezOfManyColors View Post
                          Remember those socialist programs for the rich you mentioned earlier? This is why we don’t have true Capitalism, IMO.
                          Unregulated capitalism is a bloodbath the same way unregulated society is. What is the social equivalent of true capitalism? Anarchy. This is why the Austrian school is a primitive cult whose axioms are written on stone tablets.

                          Originally posted by CoatezOfManyColors View Post
                          Because politicians on every side ( I’d rather not choose a faction) mess up and want to cover their tracks. So they make paper promises. Socialism for the top 0.01.

                          I remember listening to a left leaning professor talk about the historical groups that are historically in the Super Elite. I was always amazed how many politicians/statesman were always included. Caesar, Mansa Musa, Crassus, The Queen of England were and are some of the richest men/women in history. They get their power by dividing us and pinning one against another. A trick even the Pharaohs were famous for.
                          Yup. But liberalsim is the ideological exception if only by degree. What kept The Founders from going full elite against the commons was liberalism.

                          Originally posted by CoatezOfManyColors View Post
                          Id love to hear your support for central banks actually.
                          Central banks are dams. Without central banks the floods and droughts intrinsic to capitalism would decimate the opportunity for a stable civil society to form organically. Without central banks we'd have something resembling a feudal system or raging robber barons dictating social development. You've heard the saying "Whiskey's for drinkin', water's for fightin' over." Even the staunchest libertarian concedes that municipalities must control utilities. In private hands people die all for the sake of profit.

                          Originally posted by CoatezOfManyColors View Post
                          When it comes to Austrians talking about Hyperinflation. We aren’t all catastrophists. I think it really helps at fact the dollar is the world reserve currency. So the ultimate fall is stretched out in my mind.
                          Sound money ideology isn't without merit, but you have a lot of nutjobs in your camp. The global reserve currency nation has to run a current account deficit in order to do what a global reserve currency does. If you are determined to prioritize the domestic economy of such a nation then you need to stop being the global reserve currency. And yes, that time is coming.

                          Originally posted by CoatezOfManyColors View Post
                          We only keep reserve status because the Sunni (House of Saud) vs Shia ( Persians) conflict. If we didn’t have the most advanced military to protect the Saudis (Strait of Hormuz and the choke points in the Red Sea.) they wouldn’t need to sell oil in dollars. Once the use of oil drops or they trade in other currency you know what happens next.
                          Yes, the petro-dollar system is shaky. And we have reached the point of peak cheap oil. Fracking has a serious cost per unit problem totally unrelated to regulation. Private investors have stopped setting their money on fire, and fracking companies can't find sources private equity.

                          Originally posted by CoatezOfManyColors View Post
                          People fail to see the House of Saud has a giant role. Their wealth far surpasses even Elon Musk. Why would they have to report to Forbes? I mean, just look at Saudi Aramco…they chop peoples heads off.
                          I disagree. The Saudis are Satan and we all know it. The anti-Hillary hysteria tried to paint her as a Saudi whore ..... and then Trump became their outright slut bitch. Makes sense since they are in bed with Putin and Putin is Trump's dominatrix.

                          Originally posted by CoatezOfManyColors View Post
                          Off note: most people don’t technically own stocks. Doesn’t the DTC own the true rights? The DTC is owned by the largest share holders, like The Fed. So they know what’s coming down the pipeline. They can literally swindle errrrbody.
                          I don't know what you mean by "the true rights". I know my ownership of securities is not in question. Clearing houses enable complex global markets to function, and without them the dam water wouldn't be accounted for. Balance sheets are also important if capital is to find its best return. There's a tendency for fringe Austrians to see conspiracies everywhere. It doesn't bolster your case.

                          Conservatism is the belief that a small subset of the people is protected by the law, but not bound by it, while another, larger group is bound by the law, but is not protected by it.

                          ~ Unknown

                          Comment


                          • #14
                            I respect it

                            Comment


                            • #15
                              Originally posted by CoatezOfManyColors View Post

                              I thought I was a central planner for “wishing” wages kept up with inflation. Then I pointed out the government doesn’t do such things with Social Security.

                              I am not supporting the hypocrites who call themselves Republicans and roll out socialist QE/Bailouts. You even mentioned politicians have Socialism for the rich and screw us over. Which I agree with.

                              You created a story of rich man pinning people against each other. That’s literally what I said politicians have done since the beginning of time. People like Pharaohs…

                              I want young men and women to be able to pay bills, have families, and fill their shelves. I just don’t think giving the reigns to THE RICH/Politicians/Bankers is the right idea.

                              The issue is the politically connected. They use our flesh and money to ensure their own profits by inflating and deflating the currency. They arrange the chess board where they know the rules. Then they flush the DTC aka Money Markets (owned by the FED) with money. Regular blue collar people are too busy with their day to day lives. People shouldn’t have to worry about these things in a just society.

                              by the way, my family who work in mines aren’t in the USA.
                              A large component of our current inflation is due to supply disruptions not domestic monetary or fiscal spending. The FED can't print cars or grains or oil. What happened was: at a time of supply constraint the FED sent stimulus checks directly into the veins of a consumption based economy. That spending pulled us out of a covid black hole but now it needs to stop, and it largely has. Consumer spending is above trend by 15% or so. At the same time of covid a profound demographic and workforce behavioral shift occurred: Boomers left the workforce in droves; women stayed home because childcare is too expensive; work-at-home employees refused to return to on site jobs that didn't require employees to be vaxxed; the re-emerging economy scrambled to hire and job openings soared but labor transfers outpaced them, and continue to do so. This imbalance will continue regardless of monetary/fiscal policy. It's cyclical and inevitable. (Biden will be blamed for it although it's not his fault. The Dems will get killed in the mid-terms although it's not their fault. It would be the same if it were the Reps in power.) This accounts for over 50% of the current inflation rate. It's not currency debasement that caused it.

                              40% of Americans don't own their homes and do not have $1000.00 for emergency expenses. They have lousy service industry jobs and they hate them. They can't work from home and rent is rising fast and hard. They have to commute every day and we have reached peak cheap-oil. Energy is the master commodity that affects the price of everything from plastics to crops to cryptocurrencies to tapwater ..... oil production growth is not keeping up with growth in demand, not because of regulation but because unit revenue return does not meet the private equity investment standard. The price will have to rise to reconcile the imbalance. It's the same with housing. Lumber, copper, cement, those prices are bad enough, but the real constraint is a deliberate home builder slowdown in bringing supply online. They learned their lesson from the housing credit bubble and won't over build again. This time they're playing the long game, just like big oil.

                              My point is: this is proper capitalism. This isn't lawless government greedily bilking its citizenry. This is capitalism doing what it's meant to do: take all the money in the poker game. Libertarianism doesn't solve it; it makes it way worse. Conservative Austrian trickle-down supply-side doesn't solve it; that's what got us here. Neo-liberalism would help slow down the imbalances but you're taught to consider that to be socialism, which it isn't. Anyway, wages will rise and inflation will rise and taxes will rise, and if not, if the Republicans take over and cut taxes again and continue to spend in typical Trumpian style we will face a sovereign debt default (which is the quintessential Trump move). If you are worried about hyper-inflation and currency value destruction, that's what you should worry about.
                              Conservatism is the belief that a small subset of the people is protected by the law, but not bound by it, while another, larger group is bound by the law, but is not protected by it.

                              ~ Unknown

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