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Started By
Message
re: Treasury Secretary Yellen Says She Was Wrong About Inflation
Posted on 6/1/22 at 9:16 am to BamaScoop
Posted on 6/1/22 at 9:16 am to BamaScoop
quote:
It’s called price gouging when everyday citizens Jack the price up during a time of serious demand but not when oil companies and others do it!
You mean like when their supply chain gets disrupted by the US intefering in something that has next to nothing to do with us?
Have you tried to purchase anything that isn't an everyday purchase lately? Businesses are raising prices just to keep the lights on
0
Posted on 6/1/22 at 9:16 am to lowhound
This board told you inflation was coming as soon as we passed out checks to 98% of Americans.
We told you again when the government artificially slowed down oil production.
Inflation did not sneak up on us in the night. Inflation was done on purpose.
We told you again when the government artificially slowed down oil production.
Inflation did not sneak up on us in the night. Inflation was done on purpose.
Posted on 6/1/22 at 9:16 am to squid_hunt
Accept it? No. But he is a convenient scapegoat as a Nobel Prize economist, even one who is obviously retarded.
Posted on 6/1/22 at 9:16 am to teke184
quote:
But he is a convenient scapegoat as a Nobel Prize economist, even one who is obviously retarded.
You had me at obviously retarded.
Posted on 6/1/22 at 9:18 am to squid_hunt
This is setting the stage for the Fed to jack interest rates to stop the runaway inflation, and the recession or depression to follow.
Posted on 6/1/22 at 9:20 am to BamaScoop
quote:
It’s called price gouging when everyday citizens Jack the price up during a time of serious demand but not when oil companies and others do it!
Somebody doesn’t understand supply/demand
Posted on 6/1/22 at 9:20 am to lowhound
The Bee:
"Secretary Yellen shocked to learn she can't remove water from just one end of the pool"
"Secretary Yellen shocked to learn she can't remove water from just one end of the pool"
Posted on 6/1/22 at 9:24 am to Thib-a-doe Tiger
quote:
This is setting the stage for the Fed to jack interest rates to stop the runaway inflation, and the recession or depression to follow.
Raising interest rates was always necessary. We've delayed it for 12 years because we like free stuff. This is 100% on We the People.
Posted on 6/1/22 at 9:24 am to lowhound
quote:
There have been unanticipated and large shocks to the economy
There it is again. These people are terrible forward thinkers at best or evil, liars at worst.
Posted on 6/1/22 at 9:26 am to Thib-a-doe Tiger
The Volcker myth has everybody brainwashed on this board 
This post was edited on 6/1/22 at 9:30 am
Posted on 6/1/22 at 9:28 am to lowhound
It's the way of the Democrat : Scream the lie, whisper the retraction.
We need to start fighting like Democrats.
We need to start fighting like Democrats.
Posted on 6/1/22 at 9:29 am to wutangfinancial
She is beyond incompetent she overtly partisan. She was testifying just last week that abortion restrictions would harm the economy. She was stumping for Biden's huge spending plan when everyone was telling them it would send inflation skyrocketing.
Posted on 6/1/22 at 9:31 am to lowhound
So she she admits she's clueless. She should be fired immediately and then replaced with a POC hired solely on their gender/skin tone.
But seriously, why is still the treasury secretary?
But seriously, why is still the treasury secretary?
Posted on 6/1/22 at 9:32 am to squid_hunt
quote:
Raising interest rates was always necessary
I agree, but now they don't have a choice but to take the economy's knees out.
A gradual increase would've been healthy, a drastic and traumatic increase is now necessary
Posted on 6/1/22 at 9:34 am to Thib-a-doe Tiger
Posted on 6/1/22 at 9:35 am to wutangfinancial
quote:
The Volcker myth has everybody brainwashed on this board
Except the Volcker myth presumes a booming economy causes inflation. You think that's whats happening right now?
Posted on 6/1/22 at 9:38 am to lowhound
Posted on 6/1/22 at 9:39 am to BamaScoop
quote:
It’s called price gouging when everyday citizens Jack the price up during a time of serious demand but not when oil companies and others do it!
Calm down.
Take a minute and look at the current supply volume of crude, gas, and other energy. Cliffs notes…. They are all down. What happens when demand outpaces supply??
And you do know that Biden raised the royalties the fed gov gets from production on fed lands don’t you?? You do don’t you?? While they are feeding you this “greedy oil company” line? And you buying it?
You do know that Biden just made a speech basically saying that “green energy” was the intended outcome of this? Don’t you?
You do know that Biden campaigned on, and acted on, reducing oil production in the US don’t you?? Correct??
You do know the fedgov makes more on a gallon of fuel than oil companies do.. right??
Posted on 6/1/22 at 9:44 am to lowhound
quote:
Treasury Secretary Yellen
Should be home cooking cookies for her great grandchildren instead of keeping the checkbook for the country!
Posted on 6/1/22 at 9:46 am to lowhound
quote:
I didn’t, at the time, fully understand.”
So you either believe this is all intentional or you believe the former head of the Federal Reserve Bank is this stupid. If the latter is true we've got no hope.
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