Saddest Part Of Biden Causing Massive Inflation Is Effect On Children, Next Generation

Right! As if after a career as the best neurosurgeon in the world he needed another job after retirement. He speaks the truth and stands up for what he believes in.

 

I’ll be happy to. It has nothing to do with reading what some right winger wrote. It has to do with an understanding of basic monetary theory, economics, government policy and human nature.

Monetary theory and economics dictate that in order to justify a sustained and massive increase in money (ie printing cash) you must offset that increase in cash with an increase in productivity. Either you must introduce new goods that were not available before or new services that were not available before. If you do NOT do this, what you have done is give trillions of dollars to people who did not have it before and you have increased the demand. These people now have disposable income that they didn’t have previously and so they want to purchase goods and services. The problem is that you have the same goods and services (supply) as you had BEFORE you artificially increased demand. Now you have a massive increase and demand and lack of supply. So what happens, prices MUST increase. There is no other option in the short term. You cannot increase production and creation of new supply fast enough to satisfy demand. Furthermore even when supply DOES catch up to demand, the demand is artificial. It does not actually exist because the consumer has a new flow of revenue. It exists because the consumer got a one/two/five time payment from the government that will eventually end. When that demand tapers off once the money runs out, the people who created new businesses to cater to that demand will be broke.

To compound this problem we also have the democrats who are attempting to create a nanny state where you can live a lifestyle comparable to $15 an hour by sitting on your ass at home and doing nothing... not because you’re disabled or elderly, but simply because you don’t feel like working.

So now what happens? The businesses can’t get people to come back to work because they’d rather sit on their ass and collect a check from Uncle Sam so supply CANNOT catch up to demand without a major increase in the cost of labor.

What does all of this mean? Simple economics dictates that demand increases and supply decreases, the businesses must reevaluate what their new point of diminishing returns is and will raise prices. Inflation must occur.

And since the democrats not only show no signs of stopping the spending but in fact are proposing program after program that’s going to cost trillions of dollars to sustain... while expecting the Fed to just keep printing money. That’s how hyper-inflation starts. You cannot... I repeat... you CANNOT print your way out of inflation. You will end up in hyper inflation if you don’t cease and the days of $100 bread will seem like the good ole days.

 

Ben may be a surgeon but he don't know jack about free market economics and it shows.

 

Yet, when the Repubs do it it is ok to add 8 trillion in four years.

 

As I said earlier in the thread:

We did [tell the republicans to stop spending] but every time a Republican even INSINUATES that he wants to not spend as much or cut spending in ANY proposal whatsoever... the ****ing democrats start saying “ohh the Republican doesn’t care about the people. He just cares about rich people” in order to influence the vote from low information voters. And then the Republican folds.

 

You can’t browbeat someone into submission to agree with you and then point back and say, “hey look he did it too!!” Of course he did it because if he didn’t you were going to trash him for it.

 

Disability at fifteen bucks and hour, I get a thousand a month and I worked forty years donating to FICA for it......Nanny state? When you give money for forty year to pay for you future it is not a freebee...

 

Ah, so now you speak for me and know me more than I know myself...

 

What happened in 2020 with the economy all over the world? Did it fall on it's face or did we just increase production?

It crashed and produced stopped or was reduced to where inventory levels were reduced, now that it's time to start society again the demand is greater to an the supply and the tariffs increased prices also but please blame Biden and not the guy before that gave us a massive increase in prices via a silent tax called a tariff.

 

Bro we can sit here and argue over whose fault it was. I’m happy to place blame on trump or Reagan or Obama or Biden or Mickey Mouse. I don’t care whose fault it is... in fact it’s probably all of their faults except Micky... But SOMEBODY has to be the adult in the room and put on their big boy underwear and stop the out of control spending and printing of cash. Or we are going to be in for a world of hurt.

 

The blame is with all those that run the govt. period, get rid of capitalism.

 

Capitalism is the only long-term viable economic solution. Furthermore you can’t “get rid of capitalism”. It’s not possible. Why? Because it is not a system fabricated by men like socialism and communism are. Capitalism is nothing more than the observation of how a free and fair market operates. Even if you institute socialism or strict communism, capitalism will always exist because markets exist.

 

We are past the point of no return - IMO. I used to say that when covid ended - the economic Tsunami would hit - when the money stopped falling from the tree..

but I have changed my tune .. cause I don't think the money is going to stop falling from the tree .. and then one day - we will lose sole reserve currency status .. but until then .. let the printing presses fly. - the justification for the spend is going to be Environment .. transferring to Electric is going to be very expensive..

 

Look to history and economics, we already see inflation starting. Get on board opposing Biden's profligate spending instead of dismissing it by belittling the other side.

Biden budget would raise spending to highest level since WWII (nypost.com)

Biden's spending to buy votes and buttress leftist institutions and causes will be suffered by and paid for by our kids and our kid's kids – no for time immemorial. One doesn't have to believe in God to recognize that it is immoral.

 

What an incredibly verbose way to say nothing of substance.

OK, lets make this a credibility test. Give me a date by which this is going to happen. Month and year will be fine. I'll even accept just a year if you don't trust your predictions. When will a regular loaf of bread (not letting you find some bizarre example as a let off) reach $100? If it doesn't reach that you admit that this was always BS. If it does get to $100 you get to hear me admit how right you were.

Seems like a good deal for someone prepared to write a post that long to back up his assertions. So, over to you.

 

So the entirety of your argument is not that I’m wrong... but that I can’t pinpoint the date?

I have a better idea given that I’ve never claimed to be able to pinpoint the date... how about you explain how my logic is incorrect.

 

No, I am pointing out that your prediction is wrong by trying to get you do do just what you have done - refuse to stand by it.

Your 'logic' is that if a bunch of things that either aren't going to happen or that you have wildly exaggerated happen then you will be right. Why would I waste any more time than I just have on it when I can use the simplest possible test - getting you to stand by your prediction.

So, when will this happen? What year? 2021? 2022? 2023? 2024? If your 'logic' is correct then you must at least have some idea what year Americans will be facing the horror of $100 bread. Of course, if your 'logic' is really just a bunch of slapped together second hand assertions with insufficient basis in fact to be predictive, and you were really just spinning more right wing BS, then just keep evading.

Stand by your assertion or don't, no skin off my nose. You've already made a fool of yourself, I'm just helping you dig the hole deeper.

 

I have been on board against profligate spending since the days of Reagan. Do you have any post being against the profligate spending of Trump? Because if not then you are dismissed as just one more partisan that only cares about spending when the wrong party is in the White House.

 

If you cannot give an approximate time that bread will cost $100 a loaf then your prediction is meaningless because it could be in the year 3435 and your ancestors would be like "see, he was right"

 

That’s an impossibility to determine. It could be tomorrow if they go in today and print enough. It’s wholly dependent upon how quickly the democrats move to increase spending and how quickly they’re able to get things passed.

Again, I never claimed to be able to predict the timing of the course of events, I’m just fully aware of the consequences of engaging in such behavior.

What you’re doing is tantamount to a fat guy eating 10,000 calories a day with fatty and high cholesterol foods with no exercise saying... “what do you mean I’m going to give myself a heart attack and die? That’s bullshit, I don’t care what the evidence says about people who eat 10,000 calories a day with no exercise. I tell you what if you’re right and I’m going to have a heart attack and die, why don’t you predict when that will be and if you’re wrong that means you were wrong about me eating 10,000 calories a day with no exercise and I’ll never die from a heart attack.”

Your entire argument is senseless idiocy based upon nothing more than ignorance of the subject matter.

 

So your prediction is basically the same as some guy standing outside on the 4th of July in Kansas saying "I think it is going to snow".

 

So your actually going to take the position that if you can’t predict the timing of something, that means it’s not going to happen? Are you serious right now?

 

If only you had cared about all the money being printed the previous 4 years we would have longer till we got to your $100 bread.

 

No, I am going to take the position that if you can’t predict the timing of something then it is a meaningless prediction. The fact a loaf of bread might cost $100 eventually sometime in the future, even if it is 1000 years from now is a pretty meaningless prediction.

 

No my prediction is predicated upon economics, monetary theory, government policy and human behavior as I said before.

Let’s use a different example. Let’s assume I said, I want to give the right to own a firearm to everyone with a mental illness. Let’s say I wanted to allow clinically diagnosed psychopaths the right to own a firearm.

Your argument would probably be, “You can’t do that, they’ll end up killing someone.”

If I were to take the same tact you’re using right now I would tell you (ridiculously might I add), to predict when one of these psychopaths is going to kill someone with a firearm that we allowed them to have. And if you’re wrong, that means it’s never going to happen. Right?