Disinformation detected.
Real wages keep declining.
It disproportionately affects the poor and middle class. The good news is that it's not a tax, so that doesn't count in the narrative.
While there might be a small window of opportunity of "You don't even realize you need this thing!", if the thing sucks, then nobody buys it and you go out of business. Because there is no demand. If the thing is good, people will demand more and you can make more and you can sell more. All of this is driven by demand, not supply. Nobody with any money management skills buys a bunch of shit just because it is on sale. Anyone that does likely has all sorts of money issues.
You demand a product and if it doesn't exist, you see if others would also demand your product and then find a way to produce it. As I said, the only time "supply side" is correct is for the first try. After that, it's demand that keeps it going. Demand causes people to produce. And, for the "first try", people only produce something if they think there is demand for it, even if the people aren't aware of it yet.
Demand drives sales, for sure. That said, there has to be some initial supply of innovative products for there to be any demand. Take cell phones for example - Apple will create new iphones for a couple of different anticipated markets. They will initially produce based on anticipated demand, which is based on market research. If sales are less than anticipated for that model, they will cut or discontinue production. If demand is higher, they ramp up production. Demand is both predictive and trailing, depending on the product life cycle.
We're getting very close here.
Republican presidents always have to take care of the major issues like winning the cold war, Gulf War 1, 9/11 and the start of a once in a hundred year global pandemic while in office.
I might as well be talking to a brick wall. What part of "market research" and "pre-existing demand" is so difficult for you to wrap your head around?
My understanding is that Clinton balanced the budget... we didn't make any progress toward the debt, we just didn't make it worse.. for which as a republican I'm willing to give him credit for doing that.
I’m ignoring that because it’s irrelevant to your original question of how the inflation shrinking the real output of the economy.
You’re on some weird MBA rant/strawman and entirely missing the point.
I'd be giddy if we could just balance the annual budget. With GDP growth the % of interest on the overall debt v GDP would continually go down.
Yes, because electing a walking hand grenade in Trump was such a better option.
Yes, because Biden obviously told Putin he was ok with an invasion. Some of you will just make up anything and keep repeating it long enough you actually start believing it.
Even the WaPo said his comment was a disaster.
Ronald has been docked 5 Social Credits.Disinformation detected.
Please report to the nearest Department of Homeland Security office for your hearing before the Disinformation Governance Board.
A corrective action plan will be drafted to amend your anti-social behavior.
Please observe the actual change in Federal debt and note that year to date in FY21-22 the Federal government has accrued over 2 trillion dollars of additional debt:
https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny
You need to insert this comment the next time we have a thread where the old timers brag about how they made $1.25 an hour at their first job, and they were damn glad to have it. Thought they were living the high life when that check came on Friday. I love the people wailing that they've lost investment money this year, but discount the massive gains they've had over the decades. Sustained stock market gains aren't a birthright. Read the fine print, fellas. My people grew up poor. Food insecure poor.
Notice that nobody is wailing about wait times at ports these days. NICE JOB, BRANDON!
Presidents can do a lot more to hurt the economy than they can do to help it. Free markets for consumer goods are best left alone. Policies, especially energy policies, meant to control or steer markets, hurt. Factor in some horrible fiscal policies and you get inflation. Increase the money supply at the same time you are paying people not to work, and add policies meant to suppress oil and gas production, and this is what you get.
The failure in the WH has lost all his gains in the market since taking office. What a steaming pile.
