We have the lowest inflation rate in America!
- Thread starter Jartard
- Start date
The answer is thre are 35 American countries. That's not what mush brain meant though.
Isn't 2-3% annually considered the preferred situation by economists? I know the Fed's goal is 2%...but I feel strongly part of the reason we have achieved that over time is off-shoring.
I'll take 3 over 2 if part of the reason is restoring American jobs. Which we are starting to do.
hahaha, no they are setting expectations that inflation is still going to run high.
In the 21 years from 2000 to 2020 the inflation was at least 3% only 5 times with a high of 3.8 in 2008.
In the last 3 years inflation has exceeded the 3.8% each year. The tech bubble, 9-11 nor the housing crisis led to consistent 3%+ inflation. It took Joe Biden to accomplish that and create a narrative where it’s normal.
In the last 3 years inflation has exceeded the 3.8% each year. The tech bubble, 9-11 nor the housing crisis led to consistent 3%+ inflation. It took Joe Biden to accomplish that and create a narrative where it’s normal.
2% is only “good” in the big macroeconomic picture where the actual economic outcomes for average people are ignored.
Though as Raoul alluded to, repatriating industry, which is a very good thing to do, will drive it higher. If that’s the reason then ok, people are going to have to adjust to a different standard of living, especially the middle class, but the lower and lower-middle class will actually have jobs and China won’t have us as badly by the nuts.
I’m not sure that’s why there’s inflation though.
Though as Raoul alluded to, repatriating industry, which is a very good thing to do, will drive it higher. If that’s the reason then ok, people are going to have to adjust to a different standard of living, especially the middle class, but the lower and lower-middle class will actually have jobs and China won’t have us as badly by the nuts.
I’m not sure that’s why there’s inflation though.
M2
View data of a measure of the U.S. money supply that includes all components of M1 plus several less-liquid assets.
fred.stlouisfed.org
Here’s why we have inflation. When you expand the supply of money 30% in 2 years you’re going to have inflation.
Every profit to greed is excessive….because he rarely experienced a real profit.
Inbred still doesn't get it because he's never had it or paid it to employees. Without profit, companies cant grow, employees dont have jobs, dont get raises, dont receive benefits, dont pay taxes etc. Without profits, govts receive less precious tax revenue that the financially illiterate demand blindly.
Yes, the inbred cant put a real # on "excessive", because there is no such thing. It's a made-up Marxist philosophy born out of fear and jealousy. Mush brain complains about the amount of potato chips in bags...and the braindead Greedtard cheers. Bottomline, the govt cant print Trillions of $$$ and put it into the economy, while at the same time restrict the supply of goods produced for almost two years and not expect prices to rise for years to come, until a reversal happens.
Its not why it is high now, but offshoring is a big reason it was low for a long period. Paying people a bowl of rice a day to make shit tends to keep prices low.
Not only is phlegmwad a liar, he's an idiot. In 2 years (2019-2021) corporate profits increased by 39%, compared to 2017-2019 corporate profits increased by less than 3%. So yeah, moron, I can put a number on excessive, it's the differerence between 3% and 39%. Idiot.
That "39%" profitability allowed employees to be hired back who had been let go during the pandemic inbred.....Have you already forgotten about all those "created" jobs Biden takes credit for Inbred? Again, you cant put a # on "excessive" really. It's completely a made-up narrative.
You're a jealous hick, who never could "profit" enough to actually take care of his staff, when you had them. Maybe if you could have increased your business by "33%", you would have given them some benefits.....nah, probably not.
No shit..companies laid people off...thanks govt shutdowns.... they then made profit and hired people back.
Your are dense
