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Started By
Message
re: Inflation.... 2.1%. Always late Powell is an idiot. Lol at the tariffs will raise inf
Posted on 5/30/25 at 8:05 am to momentoftruth87
Posted on 5/30/25 at 8:05 am to momentoftruth87
Roger will never give a straight answer. Hes a panican moron living off govy handouts
He along with all the MB geniuses in here are always wrong
He cant even tell us how much more hes paying in "taxes" due to the evil tariffs
The answer would be "you just wait and see!!"
He along with all the MB geniuses in here are always wrong
He cant even tell us how much more hes paying in "taxes" due to the evil tariffs
The answer would be "you just wait and see!!"
0
Posted on 5/30/25 at 8:06 am to momentoftruth87
quote:
Trump has identified the debt.
Trump enacted doge
Congress hasn’t and won’t make cuts
What is your proposal other than raising taxes to get rid of the debt since Congress isn’t serious about it?
There's only one other option, and it's not raising taxes (because to raise enough taxes just to balance the budget would wreck the economy, and then Congress would just spend more the next FY). Either we make the hard cuts now or the economy crashes under the weight of its own debt within the next 15-20 years. So if those are our only two options, let's go ahead and get the party started because the sooner it comes crashing down, the sooner we can rebuild (hopefully with lessons learned).
Posted on 5/30/25 at 8:06 am to RogerTheShrubber
quote:
Trump pushed the previous CR
You said Trump had no chance to win now you blame him for congress under Biden’s last CR. WOW
Posted on 5/30/25 at 8:06 am to Longhorn Actual
quote:Poor analogy.
I stop taking medicine as soon as I begin to feel better instead of waiting until the problem is completely gone.
I don't understand why I never seem to get fully well though.
If your doctor is treating you based on last month's data, which is the Fed's m.o., get a new doctor.
Posted on 5/30/25 at 8:07 am to Jjdoc
I know most people will not like this but if I were in charge of monetary policy my inflation goal would be 0%, not 2%.
0% would still require printing new dollars as the economy grows but at much lower rate than the current 2% target and this approach would remove the hidden inflation tax on the people.
0% would still require printing new dollars as the economy grows but at much lower rate than the current 2% target and this approach would remove the hidden inflation tax on the people.
This post was edited on 5/30/25 at 8:08 am
Posted on 5/30/25 at 8:10 am to GumboPot
quote:
I know most people will not like this but if I were in charge of monetary policy my inflation goal would be 0%, not 2%.
Also requires a balanced government budget.
Posted on 5/30/25 at 8:10 am to Bard
quote:
There's only one other option, and it's not raising taxes (because to raise enough taxes just to balance the budget would wreck the economy, and then Congress would just spend more the next FY).
Correct. Interest rates would also be irrelevant at that point.
quote:
Either we make the hard cuts now or the economy crashes under the weight of its own debt within the next 15-20 years
The problem is this will also crash us because most of the country is now dependent on what is funded.
quote:
So if those are our only two options, let's go ahead and get the party started because the sooner it comes crashing down, the sooner we can rebuild (hopefully with lessons learned).
Right there with ya!
Posted on 5/30/25 at 8:10 am to LSUnation78
quote:
The international trade court saved us from inflation. Thats why its only 2.1
Right that action a few days ago had an effect on the whole month.
Posted on 5/30/25 at 8:12 am to RohanGonzales
quote:
Right that action a few days ago had an effect on the whole month.
The same ppl freaking out about Trump after 100 days. Drama queens who have no concept of reality
Posted on 5/30/25 at 8:12 am to slackster
quote:
How is he wrecking the economy at the moment? There is no sign of that anywhere. You’re projecting.
What the frick is he "projecting"?
Do you know the meaning of the word?
Posted on 5/30/25 at 8:14 am to RohanGonzales
quote:
Number of Posts:5210
Registered on:4/13/2024
I can't remember how long it took for me to comprehend oozing sarcasm font here, but his post may be just that? I could be wrong?
Posted on 5/30/25 at 8:14 am to GumboPot
quote:
I know most people will not like this but if I were in charge of monetary policy my inflation goal would be 0%, not 2%.
0% would still require printing new dollars as the economy grows but at much lower rate than the current 2% target and this approach would remove the hidden inflation tax on the people.
For decades Congress has been using inflation to offset debt expenses by trading the value of the USD for just counting numbers. If inflation were to be held to 0% for too long, there would have to be more and/or larger auctions as the numbers game would turn on Congress due to value being held steady (or increasing).
I don't disagree with your stance, just expanding a little on cause/effect.
Posted on 5/30/25 at 8:15 am to RogerTheShrubber
quote:No. What he's saying is tariffs are not inflationary. Insofar as they increase prices, the increase creates deflationary pressure. Further, Fed policy is not designed to offset tax or tariff-based price increases. The only effect the Fed can have in that regard is to stall the economy, which is exactly the effect we are seeing.
What your saying is inflation isnt high enough and you want higher prices to return
Posted on 5/30/25 at 8:15 am to BestBanker
quote:
Also requires a balanced government budget.
Yes, there is a push pull between fiscal policy and monetary policy.
The fiscal policy would not be quite balanced but a lot closer to balanced than current deficits to keep deflation from ensuing.
As the population grows and the production of goods grow more in supply (because of efficiencies and technology) deflation naturally ensues. To achieve 0% congress still needs to slightly deficit spend.
Posted on 5/30/25 at 8:16 am to NC_Tigah
quote:
What he's saying is tariffs are not inflationary.
Trade wars are. Trhats exactly what Trump is pretending to do,
Posted on 5/30/25 at 8:16 am to RohanGonzales
You should bring your sarcasm back for a refund.
Posted on 5/30/25 at 8:17 am to RogerTheShrubber
quote:
Trade wars are. Trhats exactly what Trump is pretending to do,
So you never negotiate for better deals on large purchases to save money?
This post was edited on 5/30/25 at 8:18 am
Posted on 5/30/25 at 8:18 am to RogerTheShrubber
quote:No Rog, they aren't.
Trade wars are.
Inflation is always and everywhere a monetary phenomenon.
Posted on 5/30/25 at 8:18 am to momentoftruth87
quote:
So you never negotiate for better deals
Funny that you believe this is whats happening.
Posted on 5/30/25 at 8:18 am to RogerTheShrubber
quote:
Trade wars are
Unreal
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