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re: After Trump is elected and everything doesn't magically cost what it did in 2019

Posted on 3/2/24 at 9:00 am to
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51791 posts
Posted on 3/2/24 at 9:00 am to
quote:

My gripe is more about how too many Americans believe in Political Saviors and there's no such thing as a political savior. Cost of living is jacked up in every OCED/first world country on earth. The brightest political minds and policymakers in nerd countries like Japan and China and Germany and the Scandanavian ones can't figure it out, but somehow Donald frigging Trump is going to come in and make the cost of everything great again.


Being thought of as political saviors is how politicians position themselves, by default. "My idea will work, my opponent's will not," is the very foundation of trying to create the belief of choice in the voter's mind.

The problem, as you point out, is that there are so many people who would rather believe in a political savior (my guess is just because it requires less work, so they can focus on whatever else in their life which they see as having a more direct impact on them). This happens on both sides of the aisle (the vehemence between Ron & Don supporters is a prime example).

Out of the two most likely candidates, Biden & Trump, Trump has proven to have a far better grasp on economics.

Another aspect of this is that the economic issues we're seeing have been a long time in coming. Much of the world depends on the USD for varying things, far more so than every other currency combined (the USD is still used as the primary reserve currency by something like 58% or so). A lot of these issues come from Congress and their continued overspending (see also: baseline budgeting) which devalues the Dollar (thus causing more inflation).

That said, the best we can hope for with Trump is if he can push through various policies which will get inflation back down to 0% long enough for wages to balance back out. It won't be by the snap of any President's fingers, but the probability that this can happen increases tremendously when there's a President who actually understands economics and market forces because he's spent a lifetime in that sector rather than in government.
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