Inflation
- Thread starter Jimdamick
- Start date
hanimmal
Well-Known Member
hanimmal
Well-Known Member
AKA don't look at why we got to where we were, just bitch about it so the Republicans can sneak in another would be dictator a couple years after they crashed the American economy once again.
Lucky Luke
Well-Known Member
Obama and Clinton. Two great presidents. America needs another one of those next election.
Lucky Luke
Well-Known Member
The US is in recession as central banks fight last war
The US is either in recession already, or probably will be by the third quarter. This has sweeping consequences for the world’s dollarised financial system, for commodity demand and for global inflation.
Roger A. Shrubber
Well-Known Member
well that's a fucking bald faced lie...all presidents leave situations for their replacements to deal with...usually they aren't quite as bad as the situation trump left, but then, presidents aren't usually as horrible as trump was...
about 25% of the inflation and gas prices are caused by the situation in Europe, 25% is directly caused by oil companies gouging the fuck out of us while they make record profits while paying record low prices for crude, 25% is trump's fucked up legacy, and 25% are the results of Biden's policies...
do you even try to understand anything for yourself? or do you just listen to fucker carlson and dumbass joe rogan for all your news?
Lucky Luke
Well-Known Member
Bob Marley warned that "them belly full, but we hungry", the poet William Blake cast it in even more apocalyptic terms: "A dog starved at his master's gate predicts the ruin of the state."
"There is no faith in American capitalism, which, Case and Deaton write, "looks more like a racket" to make the rich richer."
www.abc.net.au
"There is no faith in American capitalism, which, Case and Deaton write, "looks more like a racket" to make the rich richer."
The world is in the grip of a perfect storm — and our savings glut won't protect us
Bob Marley said it best: a hungry man is an angry man. And the poet William Blake cast it in even more apocalyptic terms. They knew hungry people drive revolution. Economic strife is a harbinger of unrest and inflation was dangerous. Now it is back, writes Stan Grant.
www.abc.net.au
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Rob Roy
Well-Known Member
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Agreed, something should be done about "capitalism" as in what exists today.
What people often conflate is "capitalism" (crony capitalism) and an actual free market. They then assume / assert an actual free market is responsible for the fuckery of the government influenced "capitalism" and want to try soemthing else, thinking a real free market is bad.
They then say the answer to a heavily regulated government involved and controlled market, which is what exists now, is a differnt version of a government controlled market. Which is not a good solution.
An actual free market is a good thing, since it honors consent and. respects indiviual rights instead of violating them
Lucky Luke
Well-Known Member
American capitalism seems to be in a different class of capitalism.
Is a free market like communism? Lovely to dream about but some always end up more equal than others?
Rob Roy
Well-Known Member
A free market is free at the individual level and is based in mutual consent or the trade doesn't happen.
Communism is based in the removal of consent and is based in the idea that the individual has no rights.
People have equal rights, but people don't have equal abilities, drive or self discipline, hence people with equal rights don't always end up with equal outcomes. That is an immutable fact.
I like free trade, because both parties benefit or they wouldn't make the free trade. Both are happy, nobody is forced or has their rights violated.
Lucky Luke
Well-Known Member
different sides of the coin but the problem seems the same. Some are more equal than others. Human nature prevails.
Rob Roy
Well-Known Member
I make a distinction between a persons right to peacefully chose their own path from where from that path might take the person.
The inequality of outcomes, is a natural occurrence. For instance, there are things which you can probably do better than me and vice versa. You might paint a beautiful picture and I might draw a stick person.
Yet, we both have the right to pursue our own interests and not be burdened by others demands as long as we are peaceful.
Lucky Luke
Well-Known Member
They are expecting Inflation to hit 7% by the end of the year here in OZ
Lucky Luke
Well-Known Member
Sri Lanka: inflation is tipped to rise to 60 per cent by the end of 2022.
ActionianJacksonian
Well-Known Member
FOX News is full of shit. Highest inflation in 40 years they say, forgot to mention the formula to calculate changed 40 years ago.
ActionianJacksonian
Well-Known Member
Roger A. Shrubber
Well-Known Member
i'm not an economist, i understand what they mean by notional value, but i don't get the significance of that chart
Moldy
Well-Known Member
It's a world wide issue. The Netherlands have 48% inflation, other countries higher than ours. Yeah, Biden is the most powerful man in the world. He can cause world wide inflation just by farting in the morning. JFC!
You should be grateful that fucking trump is out of office unless you enjoy a good dictator ride to oblivion.