- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: I found a receipt from a Sam's trip from early 2020
Posted on 10/18/23 at 9:44 pm to CAPEX
Posted on 10/18/23 at 9:44 pm to CAPEX
quote:
Monetary policy refers to Central Banking policy which Biden doesn't control.
Fiscal policy refers to government spending.
You and Leto probably attended the same economics classes.
Fiscal policy and monetary policy are the yin and the yang of inflation as Milton Friedman famously observed:
quote:
If you listen to people in Washington and talk, they will tell you that inflation is produced by greedy businessmen or it's produced by grasping unions or it's produced by spendthrift consumers, or maybe, it's those terrible Arab Sheikhs who are producing it. Now, of course, businessmen are greedy. Who of us isn't? Trade unions are grasping. Who of us isn't? And there's no doubt that the consumer is a spendthrift. At least every man knows that about his wife.
….
But none of them produce inflation for the very simple reason that neither the businessman, nor the trade union, nor the housewife has a printing press in their basement on which they can turn out those green pieces of paper we call money.
quote:
It is always and everywhere, a monetary phenomenon. It's always and everywhere, a result of too much money, of a more rapid increase in the quantity of money than an output. Moreover, in the modern era, the important next step is to recognize that today, governments control the quantity of money. So that as a result, inflation in the United States is made in Washington and nowhere else.
This post was edited on 10/18/23 at 9:48 pm
Posted on 10/19/23 at 2:23 am to Riverside
quote:
Fiscal policy and monetary policy are the yin and the yang of inflation as Milton Friedman famously observed:
Nobody said they weren't interlinked.
However, calling Biden's spending policy monetary policy is blatantly incorrect.
You can quote Milton Friedman to your heart's content but that doesn't change that. In fact, your link even seems to suggest Milton would blame Central Banks for inflation.
This post was edited on 10/19/23 at 2:25 am
Popular
Back to top
Follow TigerDroppings for LSU Football News