That will work great because we won't have to spend anything extra over the next 15 years.Yes. However, they will have to print\ borrow the money up front and then the increased taxes will pay for it over the next 15 years.
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That will work great because we won't have to spend anything extra over the next 15 years.Yes. However, they will have to print\ borrow the money up front and then the increased taxes will pay for it over the next 15 years.
That will work great because we won't have to spend anything extra over the next 15 years.
Because those jobs don't pay a living wage.So why do you think people aren’t returning to work? Plenty of jobs out there.
You are full of shit. Thanks Biden! 2nd coming of Jimmy Carter is here.Nothing Biden has done (yet) has caused this.
But it's a warning that we really need to pay for what he's proposing.
Needless to say, the WSJ doesn't want taxes on the wealthy to go up, so you should probably see this article as part of a campaign to make sure Republican elites aren't touched.
The fact that the Fed recently decided to cancel the M2 money supply data is all everyone really needs to know.
The M2 money supply data offered to the public began in the 1940's, and was published every week for nearly 80 years. Two months ago, the Fed decided to literally cancel it. Why? Because they want to be as non-transparent as possible - the graph is basically vertical now and it's quite frankly - too pathetic to even look at. These are facts.
Inflation is only going to get worse with all the recent money printing, and for that reason, allow me to shift topic for a moment to gold and silver.
I would advise anyone reading this to take a hard look at silver right now for the following reasons:
- The gold/silver ratio pulled out of the ground is 1:7
- The gold/silver price ratio is 1:70 (this means that silver is currently valued about 1/10 what it should be)
- The world silver supply is heavily depleted by industrial uses and gold is not (gold is used primarily for investment purposes)
- As time passes, silver is becoming increasingly difficult and less efficient to mine - most of the efficiently-mined silver near the earth's crust has already been dug up - this means they have to drill deeper, which results in more equipment up-keep, more man hours, and more fuel being used for operations.
Higher gas prices alone will be justification for the price of precious metals to rise exponentially, because it costs more for the miners to dig it up out of the ground. If prices stay the same, mining companies will stop mining it because it's simply not even worth it - this scenario will never happen, because today's green energy world needs massive amounts of silver to even function.
The future silver demands of PV solar and electric vehicles will continue eating in to the metal supply at a rate that we havent even seen yet, and this should be a no-brainer for anyone looking to protect yourself against never ending inflation.
Who was president the first round of stimulus money where people started staying home and not coming back to work? I'm not blaming Trump for that and I'm not blaming Biden for this either.Thanks Democrats.
Biden is paying people more money to stay at home. Jobs are going unfilled and people wonder why we have a commodity shortage.
He also knows how he wants to pay for it but Republicans won't allow it.Incorrect.
He has joined the cause.
He has already signed trillions in new deficit spending since taking office. His proposals are trillions more in spending with a proposal to raise a few hundred billion in taxes.
Who was president the first round of stimulus money where people started staying home and not coming back to work? I'm not blaming Trump for that and I'm not blaming Biden for this either.
Someone worked that job prior to COVID. It’s only now that it’s deemed a Non-livable wage job? With wages going up, inflation going up, the “livable wage” will continue to go up. $15/hr becomes $20/hr. $20/hr becomes $25/hour. The price of everything keeps going up, up, up. The business owners are not dipping into their own pockets to fund the wage increases. The increases are passed directly onto the consumer.Because those jobs don't pay a living wage.
To the larger point, though, this isn't just about a shortage of labor (although I'm sure it's part of it), the issues resonates through all facets of the supply side - materials, logistics, etc. Those systems aren't designed for hard stops and starts.
What do you use when looking at inflation ?No doubt the individual will enjoy more spending power, but as the increased real consumption can only come at the expense of reduced real savings we’ll see less investment in increasing productivity and an otherwise poorer future for society on net than would have been enjoyed.
CPI and inflation are not the same thing.
You should read up on how CPI is calculated (imputed, really). Start with left wing sources you’ll trust like Slate.
Yes.I admittedly haven't studied this in great detail, but doesn't the Biden infrastructure plan include a tax increase to offset the spending?
Your side was happy to pay people to stay home (if that's how you want to look at it) as long as their billionaire paymasters got most of the allocated funds - which they did.So you can’t argue the statement. Just assume it’s a right wing talking point being fed to them. BAU on HROT.
Yes.
Nonsense. Reckless money management can certainly be a factor, but this is not The Weimar Republic.Printing money at a much higher rate than real GDP causes inflation.
Nonsense. Reckless money management can certainly be a factor, but this is not The Weimar Republic.
The purchasing power of the dollar can be driven down by various things, but the main factor is the demand for he dollar as a commodity, not how many we print or how much we borrow.
Which is not to say that we are going to dodge the inflation bullet this time.
Maybe stop printing money would be a great place to start.This is the direct result of post-pandemic reopening of the economy and the associated pent up demand. Are you suggesting that the Biden administration should pump the breaks on reopening?
It would have been nicer for workers to get the minimum wage raised to $15/hr when dollar was still worth a dollar. Soon people will be getting $15 an hour because that's the equivalent of the $10 they used to make. Meaning their quality of life won't actually improve, even though their paycheck looks better.
No. Last year corporate taxes yielded 212 billion to the treasury. If Biden is going to pay for 6 trillion in new spending with corporate tax increases, then we're looking at a 30 fold increase on corporate taxation. That's not going to happen...Yes.
Will this actually happen, though? I imagine that consumer demand must have skyrocketed after WWII. Did the economy see runaway inflation then? Certainly the pandemic can't have been the only time we have seen huge demand. It seems like we may have ebb and flows as we recover, but sustained inflation seems unlikely.
Inflation was worse under Trump in 2018...
2021* 2.26%
2020 1.25%
2019 1.81%
2018 2.44%
And while Joe was VP?...
"Inflation (measured by CPI-All Urban Consumers, All Items) fell to a historically low level during [the Obama] administration, averaging 1.4% from Q2 2009 to Q4 2016, well below the 3.0% average from Q1 1989 to Q4 2008. Interest rates also fell and remained very low."
The projected inflation modestly peaks at 2023 before dropping in 2024...
2026* 2.25%
2025* 2.37%
2024* 2.45%
2023* 2.5%
2022* 2.4%
2021* 2.26%
FRED Graph | FRED | St. Louis Fed
Graph and download economic data for from 1947-01-01 to 2021-04-29 about 10-year, maturity, Treasury, interest rate, interest, rate, USA, average, headline figure, urban, all items, consumer, CPI, inflation, price index, price, and indexes.
fred.stlouisfed.org
2.26% is a damned joke. I challenge you to find ten items in a grocery store that haven't increased by more than that. That doesn't even include the 35% increase in fuel prices and God-knows-how-high increase in building materials.
Thanks Democrats.
Biden is paying people more money to stay at home. Jobs are going unfilled and people wonder why we have a commodity shortage.
All of the metrics are historic, so you do not see it until after it has already occurred if you use those. However, if you look at commodity price variation, pricing decisions and the trend in wages it can help you figure out what is likely coming. From my perspective I see substantial inflation in the near future. Further increases to the money supply will cause that to increase, imo.What do you use when looking at inflation ?
Because those jobs don't pay a living wage.
To the larger point, though, this isn't just about a shortage of labor (although I'm sure it's part of it), the issues resonates through all facets of the supply side - materials, logistics, etc. Those systems aren't designed for hard stops and starts.
Do you somehow think that's the only tax on the table?No. Last year corporate taxes yielded 212 billion to the treasury. If Biden is going to pay for 6 trillion in new spending with corporate tax increases, then we're looking at a 30 fold increase on corporate taxation. That's not going to happen...
Oh, it's not so bad. Sure, my half gallon of ice cream went up a buck and shrank to 48 ounces, but it has bigger chunks of chocolate.2.26% is a damned joke. I challenge you to find ten items in a grocery store that haven't increased by more than that. That doesn't even include the 35% increase in fuel prices and God-knows-how-high increase in building materials.
My side? It gets old explaining this to the libs on this board. If I haven’t voted R in 10 years. Voted Johnson and then Biden, how is it the Republicans are “my side”?Your side was happy to pay people to stay home (if that's how you want to look at it) as long as their billionaire paymasters got most of the allocated funds - which they did.
because you defend everything republicanhow is it the Republicans are “my side”?
Oh, it's not so bad. Sure, my half gallon of ice cream went up a buck and shrank to 48 ounces, but it has bigger chunks of chocolate.
Copper and Lumber have appeared to have topped this week, possibly also the grains. I am curious to see if it has one more run in it, but Lumber futures are lower in the fall than current prices. Some of the CPI is going to cool off. Whats funny is this week most prices have declined, but all the reports are based off of prior weeks or months. The real question is, are we in a general upward trend similar to the 70's, 80's or will be in relatively low interest rate environment.CPI up to 4.2% 🤔🤔