- 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: Fed hides weekly M1 supply, says "money doesn't matter"
Posted on 4/10/21 at 11:54 am to evil cockroach
Posted on 4/10/21 at 11:54 am to evil cockroach
quote:Vehicle prices have skyrocketed for a very well-known global issue that has nothing to do with monetary policy. And it’s so well-known and obvious that I shouldn’t even have to state what it is for anyone willing to have this discussion.
is that why a heavy duty pick up truck costs over $100,000 now?
0
Posted on 4/10/21 at 12:41 pm to SlowFlowPro
quote:
this seems how you get to crazy economic situations like today with our insanely (paper) wealthy top-level with real wage stagnation....and a society that has an ever-decreasing portion of the population that can afford to buy housing, yet housing prices have skyrocketed
The US Federal government could not have created a more unequal, untenable economic policy if they had been trying.
It is the official policy of the US government, working in concert with the Federal Reserve Bank system that:
1. Megacorporations and investment vehicles (and politically connected investors) get free money, as much as they want
2. Those same groups, with no penalty, are rewarded with the ability to use their free money to invest in other companies and in real estate at near 0% interest.
The 1% of 1% is playing "Heads I win, Tails you lose" by government fiat. But homeowners are seeing their equity go up, and renters aren't having to pay their mortgages, and everyone has some scratch in their back pocket from stimmies.
All of this started in 2007-2008 and nothing has changed.
Posted on 5/5/21 at 7:36 am to slackster
quote:
He’s not wrong. Are you suggesting he is?
You need actual velocity of money to trigger traditional inflation, and then you need that velocity to be maintained for it to be long lasting inflation.
People have been worrying about runaway inflation since 2009 and it simply hasn’t even come close to materializing in this country.
I can't imagine how low one's IQ needs to be to think that printing 10 trillion dollars wouldn't have severe consequences. Its materializing now
Posted on 5/5/21 at 7:39 am to Strannix
These modern monetary theory guys live in a different world than the rest of us.
Posted on 5/5/21 at 8:20 am to I Love Bama
slackster was trained (brainwashed) a very specific way
keynesian is all he knows
keynesian is all he knows
Posted on 5/5/21 at 8:50 am to rocket31
quote:
slackster was trained (brainwashed) a very specific way
keynesian is all he knows
Posted on 5/5/21 at 8:54 am to Strannix
quote:
I can't imagine how low one's IQ needs to be to think that printing 10 trillion dollars wouldn't have severe consequences. Its materializing now
You’re putting words into my mouth.
I’m simply pointing out that M1 is a shitty barometer for inflation. It doesn’t tell you anything useful.
Inflation has been the boogeyman that hasn’t happened in any traditional sense for over a decade. Congrats if you’re finally vindicated.
Posted on 5/5/21 at 8:56 am to rocket31
Increase in money supply is meaningless for inflation if it’s offset by decreases in velocity.
If Economy A has one dollar in circulation and it changes hands ten times, this is equivalent to the inflationary impact of printing nine more dollars, but the total (ten) each only changing hands one time.
LINK
If Economy A has one dollar in circulation and it changes hands ten times, this is equivalent to the inflationary impact of printing nine more dollars, but the total (ten) each only changing hands one time.
LINK
Posted on 5/5/21 at 9:30 am to RedStickBR
So what happens to the dollar if we print a shite load of money and velocity increases next year?
Posted on 5/5/21 at 9:40 am to RedStickBR
Lol you believe in velocity voodoo thats cute.
LINK
quote:
The only knowledge we can have of the determinants of price is the knowledge deduced logically from the axioms of praxeology. Mathematics can at best only translate our previous knowledge into relatively unintelligible form.
LINK
Posted on 5/5/21 at 9:41 am to slackster
quote:
I’m simply pointing out that M1 is a shitty barometer for inflation. It doesn’t tell you anything useful.
Who said it was a baromter? Its a prerequisite for inflation.
Posted on 5/5/21 at 9:44 am to evil cockroach
Lots of people here smarter and more knowledgeable than I about economic theory, but I’m seeing one major culprit for the “my boat and house are more expensive but price of a whopper is about the same”
20 year boat notes and incredibly low mortgage rates. Money is cheap and easy to stretch out and has been for years- if you financed whoppers then you’d see the same phenomenon.
Anything credit hasn’t historically impacted hasn’t seen the same meteoric rise, that I can tell.
Is it a money supply issue? I don’t know, I just know people being able to finance everything is causing the phenomenon, from college education to f250s, and it’s a bubble no one wants to pop.
20 year boat notes and incredibly low mortgage rates. Money is cheap and easy to stretch out and has been for years- if you financed whoppers then you’d see the same phenomenon.
Anything credit hasn’t historically impacted hasn’t seen the same meteoric rise, that I can tell.
Is it a money supply issue? I don’t know, I just know people being able to finance everything is causing the phenomenon, from college education to f250s, and it’s a bubble no one wants to pop.
This post was edited on 5/5/21 at 9:48 am
Posted on 5/5/21 at 10:33 am to RebelExpress38
quote:
So what happens to the dollar if we print a shite load of money and velocity increases next year?
Then you’d probably see inflation. But banks have tightened lending standards and consumers are deleveraging.
Posted on 5/5/21 at 10:36 am to RedStickBR
quote:
But banks have tightened lending standards and consumers are deleveraging.
LOL
Posted on 5/5/21 at 10:49 am to JayDeerTay84
LINK
This post was edited on 5/5/21 at 11:35 am
Posted on 5/5/21 at 10:51 am to Strannix
Sorry, but I’m inclined to believe Irving Fisher over some random dude on Mises.
Posted on 5/5/21 at 10:52 am to RedStickBR
Wow, so banks stopped lending money during the crash/covid lockdowns?
What does that have to do with their standards? I can go to the bank and buy 10X the house I can actually afford today no problem and be bankrupt within a year.
Any explanation for the gigantic spike? Or cheap corporate debt that has been pilling up for the past decade?
What does that have to do with their standards? I can go to the bank and buy 10X the house I can actually afford today no problem and be bankrupt within a year.
Any explanation for the gigantic spike? Or cheap corporate debt that has been pilling up for the past decade?
This post was edited on 5/5/21 at 10:55 am
Posted on 5/5/21 at 10:56 am to RedStickBR
So the fed is simply betting velocity wont increase? Seems like a risky bet, considering how much cash has been added in the last year.
Posted on 5/5/21 at 10:59 am to JayDeerTay84
I’ll just keep providing data and you stick with your personal anecdotes. More banks are tightening lending standards today than pre-COVID.
LINK
LINK
This post was edited on 5/5/21 at 11:00 am
Posted on 5/5/21 at 11:03 am to RebelExpress38
quote:
So the fed is simply betting velocity wont increase? Seems like a risky bet, considering how much cash has been added in the last year.
The increase in money supply is meant to offset the dramatic decline in velocity. The Fed is terrified we slip into deflation.
Page 4 of 16
Popular
Back to top
Follow TigerDroppings for LSU Football News