Brace for Impact

Posted by $ Markus_Katabri 12 months ago to Economics
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What happens when you cut production, incentivize people to NOT work and increase the money supply?
The Biden administration is trying to tell us what we see with our own eyes isn’t happening.
We have supply chain disruption now.

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  • Posted by 25n56il4 11 months, 4 weeks ago
    I'm pretty sure you just defined the word 'inflation'. Too much money chasing too few goods. I went to look at an apartment yesterday. They had a base rent, You pay your own electricity, water bill, insurance fee, deposit, application fee and trash pickup fee! I don't know what the heck they thought they were renting! LMAO, Told my kids to buy a home!
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  • Posted by CircuitGuy 11 months, 2 weeks ago
    Based on my Macro econ 101 class, this is exactly what you'd expect when you start running record deficits. The trade deficit and fiscal deficits are known as twin deficits. If you borrow trillions of dollars, some of the money comes from foreign markets and some of the borrowed money gets spent abroad, resulting in money flowing out and goods and services flowing in.

    This is a symptom of the root problem, which is massive borrowing. President Biden is managing to fly under the radar on this issue and avoid answering questions about all this borrowing. It seems like the Republicans are focused on a bunch of nonsense such as conspiracy theories, the Big Lie about the 2020 election, keeping people from voting, and things like Dr. Seuss. I think that's because massive borrowing feels good, at least until it causes a mini crisis. I don't think politicians see much upside in stopping the borrowing before the crisis occurs, a crisis that may not happen for many years.
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    • Posted by mccannon01 11 months, 2 weeks ago
      Biden isn't flying under the radar on this issue, but the MSM is totally failing to take the demented old goat to task on it. They'd rather have a discussion on what his favorite ice cream is.

      IMHO, the only "Big Lie" about the 2020 election is the notion Biden won. Any effort to explore the issue is blocked and mocked by the Neo Communists (Democrats) and their sycophants in the MSM and entertainment industry. As an American citizen I would like to know if my elections have been rigged in some way and so would millions of others. This is a serious issue and needs to be resolved in a transparent and fair manner one way or the other. It looks mighty suspicious when one particular political party is falling all over itself to prevent that clear resolution of the issue from taking place.

      The Republicans are focused on "keeping people from voting"? Illegal voters, yes, why not? Republicans are not preventing legitimate citizens from exercising their right to vote.

      The "Dr. Seuss" issue is simply an illustration of the larger issue of "cancel culture" in case you missed the point.
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      • Posted by CircuitGuy 11 months, 1 week ago
        ^^ This is my definition of Biden flying under the radar. There are obvious issues with Biden, but maybe because he is not bombastic like Sanders or maybe because the modern political ecosystem rewards conspiracy theories like the Big Lie, there is little opposition. Or maybe it's that experts have been saying fiscal deficits are a problem for so long, but we haven't had a crisis that couldn't be solved by more borrowing, so people don't really believe it. I think we're entering a stress-test experiment to see how much borrow-and-spend we can have before it turns into a monetary crisis. I thought that in 2008, though, and it hasn't happened yet.
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