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Biden Regime's economic policy: completely wrong

Posted by $ blarman 1 year, 1 month ago to Economics
27 comments | Share | Flag

The author does make one glaring mistake when it says that "inflation is the result of demand exceeding supply." It is not. Inflation is caused by printing money and the devaluation of existing money by the government. You get rising prices and/or supply shortages if it is just a result of demand exceeding supply. The difference is whether the rising prices affect only certain products and services or the entire economy. Inflation affects the entire economy - the laws of supply and demand apply to specific goods/services.

The author isn't wrong, however, when he says that the problem lies in the crushing energy prices and government handouts. Those two factors are economic killers but combined with a failure to protect our borders, rampant crime which goes unprosecuted, and a thoroughly corrupt administrative state all bode ill for the future of this nation.


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  • Posted by freedomforall 1 year, 1 month ago in reply to this comment.
    100 million serfs with 450 million private firearms and billions of rounds of ammo.
    Perhaps the Deep State will get its just desserts.
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  • Posted by $ 1 year, 1 month ago in reply to this comment.
    I read Battlefield Earth with "Goodboy Johnny Tyler" just a year or so ago. Yes, there was a huge legal fight at the end of the book over who "owned" Earth and its rich mineral rights given that the former universal tyrants had been overthrown. Fun twist ending.
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  • Posted by mccannon01 1 year, 1 month ago in reply to this comment.
    Many years ago I read the science fiction novel "Battlefield Earth" by L. Ron Hubbard and towards the end one finds out the wars and genocidal actions across the galaxy were financed and made possible by galactic banking consortiums. The book was later made into a movie with John Travolta, but all the banking references were left out. I liked the book and the movie, but for me the book is where I began to see the light on big banking.
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  • Posted by mshupe 1 year, 1 month ago
    On top of that, demand never exceeds supply. Supply is demand. It's Say's Law of Markets. Puzder is a good guy, but he is not a free-market economist or radical individualist.
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  • Posted by term2 1 year, 1 month ago
    bidens economic policy is exactly right, given that he wants to "reset" our economy. The first and most important thing you do is debase the currency, as lenin taught.
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  • Posted by Dobrien 1 year, 1 month ago in reply to this comment.
    I get it, I had expected defense of the very entertaining enjoyable actors ,Blending the two groups with the well known gangsters , but my point was their characters were very clowniish and evil.
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  • Posted by $ 1 year, 1 month ago in reply to this comment.
    They shouldn't be, no, but what is astounding is how many of the voting populace go along with it. Apparently even Marxists - especially the news media - never bother to read the history of Marxist nations. One of the first groups they go after and eliminate is the news media...
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  • Posted by $ 1 year, 1 month ago in reply to this comment.
    That's an inclusive OR right there, meaning they want BOTH. They want to destroy what it means to be America and turn this nation into another cog in their machine.
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  • Posted by freedomforall 1 year, 1 month ago in reply to this comment.
    Indeed, there are enemies of individual liberty who would corrupt the American political process to destroy liberty.
    If you were on the fringe of political power (but whose family might have had great power in the past) and who hated the upstart America for offering the serfs pursuit of happiness ...
    Monarchists, communists, feudalists, tyrants - enemies of human freedom are all around us.
    Who is behind the real insurrection?
    Who is John Galt?
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  • Posted by ohiocrossroads 1 year, 1 month ago
    By this point in time, nobody should be surprised by bad policies from the Biden administration. Everything they do is intended to hurt America.
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  • Posted by $ allosaur 1 year, 1 month ago
    The Biden Regime's economic policy is completely right if your goal is to destroy the USA.
    It's what a Marxist traitor would call "Build Back Better."
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  • Posted by sbmull1 1 year, 1 month ago
    When I read this sentence “ The goal animating current policy is the transformation of America’s economy and our way of life in accordance with a Leftist political agenda, using so-called emergencies like climate change as a rationale.”, I hoped the author would next address the question no one touches— what is the endgame for the Leftist agenda? Why do they want to destroy the economy and, therefore, the country? What do the perpetrators have to gain by fouling their own nest? No one, philosopher or economist, ever takes the next step in the logic chain-there has to be a reason for the willful destruction we are experiencing. It’s not simple stupidity, nor is it simple greed. Somebody is playing 3D chess against the American people and it’s worth some effort to find out why.
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  • Posted by Eyecu2 1 year, 1 month ago
    The last 2 paragraphs say all you need to know in this article.

    The Left is diligently working towards their goals, it's just that their goal is to destroy everything that America is supposed to stand for and to turn us into a servant nation.
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  • Posted by mhubb 1 year, 1 month ago
    it is not wrong if your goal is the destruction of the United States
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  • Posted by GaryL 1 year, 1 month ago in reply to this comment.
    Reparations my Arse! Every slave that ever came here from Africa was owned and sold by his/her tribal leaders. Let those kings and chiefs pay them back.
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  • Posted by $ 1 year, 1 month ago in reply to this comment.
    I wouldn't put Abbot and Costello, the Marx Brothers, the Three Stooges, or Laurel and Hardy in there. They were fine entertainers. The latter collection of thugs and gangsters, on the other hand, is a wholly apt description of the government we have right now.
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  • Posted by Dobrien 1 year, 1 month ago
    Just another thought when you install Abbot and Costello , the Marx brothers , Laurel and Hardy , the three stooges , Dumb and Dumber , Bonnie and Clyde , Al Capone , Dillinger , Jesse James as the western leaders you do not have economic policy you have prat falls with chaos and crisis.
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  • Posted by Dobrien 1 year, 1 month ago in reply to this comment.
    Yes the Prussian infiltration with operation Paperclip , but it was just another chapter of the infiltration and what was set into motion before WW1. See Norman Dodd interview with G Edward Griffith. On you tube.
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  • Posted by Dobrien 1 year, 1 month ago
    When you intentionally create production destruction at the same time print cash on a growing worthless paper
    ThinQ BRICS goodbye Petro dollar hello precious metals backed money. The Government handing it out and laundering it back to themselves with a pittance sent to the masses well all that combined with handcuffing oil and gas recovery and transport ,Inefficient Green Energy , Carbon credits , ESG , Supply chain disruptions , Govt over reach. A huge crowd of corrupt officials from local , regional , and federal levels in all agencies who are demanding money to be spent so they can launder it back to those controlled to keep the system of systems greased.
    The anti inflation reduction Act. Coupled with killing millions of chickens because of the flu? Denying farmers irrigation in the most productive valleys all for the greater good , $$$$$$$$$$$ for illegals. . Yes Inflation is out of controll and now that the strategic oil reserves have been drained .gas is going to get real expensive. Food prices ⬆️ The Storm is Here
    FuQ the MotherWEFers and FuQ the Fiat Currency. They are both in the process
    Of being destroyed. Hold on to your hat and your silver/Gold things going to get real volatile and then the Best is Yet To Come!
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  • Posted by $ 1 year, 1 month ago in reply to this comment.
    We certainly saw a turning in point in WW II, no question. When we started taking in Nazi scientists via Operation Paperclip and ignored their evil for the sake of advancing our weapons programs, we allowed war profiteering to gain a foothold in our nation. Another issue is that if we're going to go to war, we have to do it with a specific aim in mind (pun intended). From Vietnam to the war on "terror" we've lacked clear goal posts and will - in many cases simply because our case for being there was shaky to begin with.

    War profiteering is nothing new, however. Both the Bank of England and Deutchebank made money hand over fist during WW I and WW II. In fact, many argue that those wars were actually started by the banks rather than the government figureheads...
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  • Posted by $ 1 year, 1 month ago in reply to this comment.
    Agreed. This has been the primary source of the 2% inflation that the Fed has been setting as its target all along.

    Inflation is theft: it steals from savers in favor of borrowers and lenders by cheapening the value of work.
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