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re: US CPI data release today
Posted on 2/22/23 at 2:04 pm to Bard
Posted on 2/22/23 at 2:04 pm to Bard
quote:
While this is going on, the administration and Congress have been keeping Inflation sticky by continuing with irresponsible levels of spending as well as fricking over our primary energy sector (O&G). Expensive energy does not magically equate to cheaper products.
The Fed is addressing the currency devaluation in the wake of PPP and stimmy checks, but they can do only so much when the actions of the administration and Congress are working against them.
Kige
This is most of the problem IMO. We have inflation and debt. The solution is not government stimulus
1
Posted on 2/22/23 at 2:40 pm to molsusports
quote:
This is most of the problem IMO. We have inflation and debt. The solution is not government stimulus
It was bad and it was good. It was bad because it's severely fricked our economy through currency devaluation.
It was good because it serves as an excellent example of how MMT is fricking moronic. (notice how you don't hear much talk about it now)
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