13

Biden Regime's economic policy: completely wrong

Posted by $ blarman 1 year, 2 months 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.
SOURCE URL: https://imprimis.hillsdale.edu/the-biden-economy-and-how-it-could-be-fixed/


Add Comment

FORMATTING HELP

All Comments Hide marked as read Mark all as read

  • Posted by Dobrien 1 year, 2 months 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!
    Reply | Mark as read | Best of... | Permalink  
  • Posted by ohiocrossroads 1 year, 2 months 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.
    Reply | Mark as read | Best of... | Permalink  
    • Posted by $ 1 year, 2 months ago
      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...
      Reply | Mark as read | Parent | Best of... | Permalink  
  • Posted by Ben_C 1 year, 2 months ago
    How about the reparations, Even Detroit MI is discussing the implementation of hand outs. The 25 trillion spent on the "war on poverty" clearly is not enough to keep a segment of the populace happy. Our national debt would be manageable and inflation reasonable if not for this waste of money.
    Reply | Mark as read | Best of... | Permalink  
    • Posted by GaryL 1 year, 2 months ago
      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.
      Reply | Mark as read | Parent | Best of... | Permalink  
    • Posted by freedomforall 1 year, 2 months ago
      All the "wars" have been failures since 1945, both military and peaceful.
      The federal government has destroyed American prosperity at every turn in order to reward themselves and the companies that help to increase government power.
      Reply | Mark as read | Parent | Best of... | Permalink  
      • Posted by $ 1 year, 2 months ago
        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...
        Reply | Mark as read | Parent | Best of... | Permalink  
        • Posted by mccannon01 1 year, 2 months ago
          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.
          Reply | Mark as read | Parent | Best of... | Permalink  
          • Posted by $ 1 year, 2 months ago
            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.
            Reply | Mark as read | Parent | Best of... | Permalink  
        • Posted by Dobrien 1 year, 2 months ago
          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.
          Reply | Mark as read | Parent | Best of... | Permalink  
    • Posted by $ 1 year, 2 months ago
      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.
      Reply | Mark as read | Parent | Best of... | Permalink  
  • Posted by term2 1 year, 2 months 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.
    Reply | Mark as read | Best of... | Permalink  
  • Posted by sbmull1 1 year, 2 months 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.
    Reply | Mark as read | Best of... | Permalink  
    • Posted by freedomforall 1 year, 2 months ago
      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?
      Reply | Mark as read | Parent | Best of... | Permalink  
  • Posted by Dobrien 1 year, 2 months 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.
    Reply | Mark as read | Best of... | Permalink  
    • Posted by $ 1 year, 2 months ago
      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.
      Reply | Mark as read | Parent | Best of... | Permalink  
      • Posted by Dobrien 1 year, 2 months ago
        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.
        Reply | Mark as read | Parent | Best of... | Permalink  
  • Comment hidden by post owner or admin, or due to low comment or member score. View Comment
  • Posted by mshupe 1 year, 2 months 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.
    Reply | Mark as read | Best of... | Permalink  

FORMATTING HELP

  • Comment hidden. Undo