The Biden administration: Inflation does not hurt poor people

marke

Well-known member
Nevermind. Just sit back and watch supply and demand do its thing.



You would've made a good Nazi.
You call me a Nazi because you think I love for political leaders to brutalize citizens, take away their rights, kill their babies, and force them to take government-approved medicines that will kill them?
 

annabenedetti

like marbles on glass
You call me a Nazi because

I said you'd make a good Nazi because of the way you routinely and consistently dehumanize and demonize people, and by the way you describe immigrants as being disease-ridden and greedy, which is exactly how Nazi propaganda depicted the Jewish people.

marke:
flooding our southern border with covid-infected illegals with their greedy hands out for government money

Nazi:

"Jews Are Lice: They Cause Typhus"

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The Nazis often portrayed those they persecuted as vermin, parasites, or diseases. Nazi ideology focused on the idea that Germany’s "racial purity" was under attack from the "blood of weaker peoples," and Nazi propaganda often depicted Jews, political opponents, and others as parasitic organisms that threatened the overall health of the so-called Volksgemeinschaft (German racial community).1 During the years of the Nazi regime, German doctors frequently argued that Jews spread disease. Reflecting common themes in Nazi propaganda, these medical professionals repeatedly pushed the false claim that Jews were especially responsible for outbreaks of typhus—a deadly contagious disease spread by lice.
 

Right Divider

Body part
That's nice. However: "The economy's strong rebound from the 2020 coronavirus caught many businesses by surprise. Their scramble to meet unexpectedly strong demand has created shortages of labor, raw materials and goods and snarled traffic at ports and freight yards. The result has been higher prices, and the supply squeeze is expected to last at least well into 2022.
As if that's the cause of "inflation"....
What would you like the government to do to fix this supply/demand problem ...
Stay out of the economy.
Ah... more government is the solution? NO!!! It's not... it's the biggest problem.
 

Gary K

New member
Banned
As if that's the cause of "inflation"....

Stay out of the economy.

Ah... more government is the solution? NO!!! It's not... it's the biggest problem.
Regulation is also a cause of inflation. Why? Because it always adds to the cost of production, transportation, warehousing, sales, etc.... It makes everything more expensive.
 

marke

Well-known member
Nazis murdered Jews. Democrats murder babies and jail conservatives without due process for opposing voter fraud, democrat black racism, and out of control democrat pork spending. Democrats are worse than Hitler.
 

Right Divider

Body part
Regulation is also a cause of inflation. Why? Because it always adds to the cost of production, transportation, warehousing, sales, etc.... It makes everything more expensive.
It certainly adds a ton of overhead, but I would not call that inflation.
When the value of money is diluted (i.e., by inflating the money supply) everything associated with the use of money also gets an inflated price tag.
 

marke

Well-known member
If I had not read this I would never have believed any government officials would have ever said something so stupid.


Ronald Klain, the White House chief of staff, was criticized online late Wednesday after he retweeted a post from a Harvard professor that summed up our top economic issues as "high class problems."

Jason Furman, Harvard’s Aetna professor of the practice of economic policy, said the country would not be faced with these issues if the unemployment rate was still 10%, an apparent reference to Federal Reserve Chair Jerome H. Powell's comments early this year when he said the unemployment rate in January was around that number.

BUTTIGIEG CALLED OUT OVER ‘JOKE’ ABOUT SUPPLY CHAIN


Furman said if that unemployment rate was still a reality, the country would have "had a much worse problem."


Conservatives on social media took issue with Klain’s retweet, claiming that he was, in effect, downplaying the hardships that some Americans are experiencing.

Tom Cotton: Buttigieg is incapable of organizing nation’s supply chain crisis
When Biden told Americans his pork spending plan would not cost them a dime, he was lying, as usual.


President Biden’s multitrillion-dollar social welfare and climate change bill does not fully pay for all of its entitlement programs, contrary to assertions long made by the White House.

An in-depth Congressional Budget Office review of the bill, known as the Build Back Better Act, indicates it adds more than $367 billion to the deficit over the next decade.
 

Gary K

New member
Banned
It certainly adds a ton of overhead, but I would not call that inflation.
When the value of money is diluted (i.e., by inflating the money supply) everything associated with the use of money also gets an inflated price tag.
What do we call a rise in price with no corresponding rise in value? Inflation.
 

Right Divider

Body part
What do we call a rise in price with no corresponding rise in value? Inflation.
No, a rise in price is NOT inflation. Value is subjective.
Prices naturally rise or fall depending on many factors; including the subjective value that people put on things.
Inflation causes ALL prices to rise because money itself is being manipulated.
 

marke

Well-known member
What do we call a rise in price with no corresponding rise in value? Inflation.
When a government prints money that is not backed by labor the money is diminished in value. If by printing more money we could rise out of debt then the government should buy more printing presses and print enough money to end world poverty. But money printed without being backed by labor is called counterfeit, which is wrong for the damage it does to people and the economy.
 

Right Divider

Body part
When a government prints money that is not backed by labor the money is diminished in value. If by printing more money we could rise out of debt then the government should buy more printing presses and print enough money to end world poverty. But money printed without being backed by labor is called counterfeit, which is wrong for the damage it does to people and the economy.
It's NOT just labor. Other things have intrinsic value.
The labor theory of value is a communist Marxist idea.
 

marke

Well-known member
It's NOT just labor. Other things have intrinsic value.
The labor theory of value is a communist Marxist idea.
Money must be backed by real value. Printed paper money has no real value unless it is backed by something of worth and idleness is not worth, theft is not worth, corruption is not worth, comfort and ease do not produce substances of value, and so forth. There is no profit in selfish pleasures that do not produce marketable products of value.

Proverbs 14:23
In all labour there is profit: but the talk of the lips tendeth only to penury.

Jeremiah 16:19
O Lord, my strength, and my fortress, and my refuge in the day of affliction, the Gentiles shall come unto thee from the ends of the earth, and shall say, Surely our fathers have inherited lies, vanity, and things wherein there is no profit.

Hebrews 13:9
Be not carried about with divers and strange doctrines. For it is a good thing that the heart be established with grace; not with meats, which have not profited them that have been occupied therein.
 

Right Divider

Body part
Money must be backed by real value.
I agree... but labor alone is not the "real value".
Printed paper money has no real value unless it is backed by something of worth and idleness is not worth, theft is not worth, corruption is not worth, comfort and ease do not produce substances of value, and so forth.
Again you discount the fact that some physical things have worth and not just "labor".
There is no profit in selfish pleasures that do not produce marketable products of value.
The "marketable products of value" are not just the labor involved in producing them.
Proverbs 14:23
In all labour there is profit: but the talk of the lips tendeth only to penury.
This is called CHERRY-PICKING and does NOT prove your point.
 

marke

Well-known member
I agree... but labor alone is not the "real value".

Again you discount the fact that some physical things have worth and not just "labor".

The "marketable products of value" are not just the labor involved in producing them.

This is called CHERRY-PICKING and does NOT prove your point.
I don't mean to suggest that gold, for example, is a work, but that things like gold will provide good backing for money while merely increasing wealth on paper not backed by increases in products of value by labor is not good backing for money.
 

Right Divider

Body part
I don't mean to suggest that gold, for example, is a work,
I never suggested that you did. I was replying to your comment here:
When a government prints money that is not backed by labor the money is diminished in value.
That statement suggests that labor is the only "valid backing for money" and that is completely incorrect.
but that things like gold will provide good backing for money while merely increasing wealth on paper not backed by increases in products of value by labor is not good backing for money.
Again, value is based on more than just labor.

Gold became the dominate form of money backing for several reasons. Here are a couple:
  • It has intrinsic value (one example: gold is one of the best known elements for conducting electricity).
  • It is relatively scarce (cannot be easily produced, unlike printing paper money).
 

marke

Well-known member
If I had not read this I would never have believed any government officials would have ever said something so stupid.


Ronald Klain, the White House chief of staff, was criticized online late Wednesday after he retweeted a post from a Harvard professor that summed up our top economic issues as "high class problems."

Jason Furman, Harvard’s Aetna professor of the practice of economic policy, said the country would not be faced with these issues if the unemployment rate was still 10%, an apparent reference to Federal Reserve Chair Jerome H. Powell's comments early this year when he said the unemployment rate in January was around that number.

BUTTIGIEG CALLED OUT OVER ‘JOKE’ ABOUT SUPPLY CHAIN


Furman said if that unemployment rate was still a reality, the country would have "had a much worse problem."


Conservatives on social media took issue with Klain’s retweet, claiming that he was, in effect, downplaying the hardships that some Americans are experiencing.

Tom Cotton: Buttigieg is incapable of organizing nation’s supply chain crisis
Climate change, or rather, funding for climate change alarmists, is proving to be a religious belief among democrats.


“For me, it’s a religious thing. I believe this is God’s creation, and we have a moral obligation to be good stewards. If you don’t share that view, you must share the view that we have an obligation to future generations,” Pelosi said.
 

annabenedetti

like marbles on glass
Climate change, or rather, funding for climate change alarmists, is proving to be a religious belief among democrats.


“For me, it’s a religious thing. I believe this is God’s creation, and we have a moral obligation to be good stewards. If you don’t share that view, you must share the view that we have an obligation to future generations,” Pelosi said.

Way to mischaracterize what she said. She said she believes in a religious, moral obligation to be good stewards of God's creation.

What part of that don't you agree with?

Or do you just need to keep stoking your outrage fire?
 

marke

Well-known member
Way to mischaracterize what she said. She said she believes in a religious, moral obligation to be good stewards of God's creation.

What part of that don't you agree with?

Or do you just need to keep stoking your outrage fire?
God is not going to allow humans to destroy the climate and make Him a liar, so anyone claiming they are led by God to waste working people's money on climate change foolishness is lying.

Genesis 8:22
While the earth remaineth, seedtime and harvest, and cold and heat, and summer and winter, and day and night shall not cease.
 

Gary K

New member
Banned
No, a rise in price is NOT inflation. Value is subjective.
Prices naturally rise or fall depending on many factors; including the subjective value that people put on things.
Inflation causes ALL prices to rise because money itself is being manipulated.
So, you're just going to ignore what I actually said.
 
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