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Forum » How would you have avoided inflation if you ran govt (srs)
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Thread: How would you have avoided inflation if you ran govt (srs)

post 1657950613 03-14-2022, 08:29 PM
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How would you have avoided inflation if you ran govt (srs)

Where did Biden go wrong
post 1657951033 03-14-2022, 08:38 PM
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jeff pesos & elon rusk could buy 1 hamburger for everyone in the world srs
post 1657951223 03-14-2022, 08:42 PM
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It’s more than Biden. It started with Trump and printing up trillions for lazy ass people to stay home and then the handouts continued under Biden. Inflation was bound to come on like a freight train.

We should have never shut down the economy.
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post 1657951723 03-14-2022, 08:52 PM
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Don’t shut down the economy
Don’t print out trillions and helicopter it out
Don’t pause student loan payments
Don’t pressure fed into keeping rates low

Srs
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post 1657951893 03-14-2022, 08:55 PM
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We should have never shut down, and advise all Americans to lose weight, because obesity is a killer.

How the fuk is this teen gonna have the liver of an alcoholic





Simple...she's a 300 lb land whale.
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post 1657952073 03-14-2022, 08:57 PM
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Post deleted by user
post 1657952713 03-14-2022, 09:10 PM
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Originally Posted By SaviorSelfJT⏩
Don’t shut down the economy
Don’t print out trillions and helicopter it out
Don’t pause student loan payments
Don’t pressure fed into keeping rates low

Srs
Pretty much This
post 1657952773 03-14-2022, 09:10 PM
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The best way to solve it would have been to let '09 finish crashing all the way, rather than starting up this QE bullchit.

The second best way would have to been raising interest rates in '13, after the economy was strong enough to stand on its own.

The third best way would have been to raise interest rates in '18, like JPow was going to do before Trump pressured him out of it.

The fourth best way would have been to limit printing in '20 and not spent $3T literally just goosing the stock market.

We're out of good options now. It's taken a decade to create this mess, we're not going to get out of it overnight.
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post 1657952933 03-14-2022, 09:13 PM
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Avoiding corporate welfare in 2007/08 would have been a big part of it

Would have sent an important message to everyone

In summary: adopt actual capitalism where the market allocates both risk and returns
post 1657953723 03-14-2022, 09:29 PM
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Originally Posted By OT2000⏩
It’s more than Biden. It started with Trump and printing up trillions for lazy ass people to stay home and then the handouts continued under Biden. Inflation was bound to come on like a freight train.

We should have never shut down the economy.
This. This made no damn sense. In a time where workers were needed more than ever we paid people to stay home.
post 1657953983 03-14-2022, 09:38 PM
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  1. katya422
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Originally Posted By FA*******⏩
The best way to solve it would have been to let '09 finish crashing all the way, rather than starting up this QE bullchit.

The second best way would have to been raising interest rates in '13, after the economy was strong enough to stand on its own.

The third best way would have been to raise interest rates in '18, like JPow was going to do before Trump pressured him out of it.

The fourth best way would have been to limit printing in '20 and not spent $3T literally just goosing the stock market.

We're out of good options now. It's taken a decade to create this mess, we're not going to get out of it overnight.
Pretty much any of that would have helped.
Originally Posted By r32gojirra⏩
Avoiding corporate welfare in 2007/08 would have been a big part of it

Would have sent an important message to everyone

In summary: adopt actual capitalism where the market allocates both risk and returns
So much this. Either it was corruption, a lack of fortitude, or the situation is/was truly FUBAR to the point where there was nothing to be done to salvage the system.

But even if it is/was FUBAR they still should have ripped those massive financial institutions into smaller pieces. How is it okay for 2 investment firms that sort of own each other to have majority ownership of so much?

I can't believe that we wouldn't be in a somewhat better place if they had made the "too big to fail" into 4 or 5 companies each that could darn well fail without taking down the entire financial system.
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post 1657954133 03-14-2022, 09:41 PM
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Originally Posted By katya422⏩
Pretty much any of that would have helped.



So much this. Either it was corruption, a lack of fortitude, or the situation is/was truly FUBAR to the point where there was nothing to be done to salvage the system.

But even if it is/was FUBAR they still should have ripped those massive financial institutions into smaller pieces. How is it okay for 2 investment firms that sort of own each other to have majority ownership of so much?

I can't believe that we wouldn't be in a somewhat better place if they had made the "too big to fail" into 4 or 5 companies each that could darn well fail withouttaking down the entire financial system.
People seem to think the financial system=the economy

A firm’s productive capacity and in particular its ability to employ labour is not, in the short run, a function of its market capitalisation

Too big to fail is a fiction invented to give cover to corporate bailouts
post 1657954513 03-14-2022, 09:49 PM
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Originally Posted By r32gojirra⏩
People seem to think the financial system=the economy

A firm’s productive capacity and in particular its ability to employ labour is not, in the short run, a function of its market capitalisation

Too big to fail is a fiction invented to give cover to corporate bailouts
Well at least in regards to the large banks and securities firms I'm not sure that is the whole story. I'm don't know if I'm up to stating it all explicitly and accurately, but the rough picture is a failure cascade...one default causing another default causing another default.

That was supposedly why the LIBOR was so nuts- the banks were aware that they were holding a certain amount of trash and couldn't be sure if the other parties/banks were sound or were holding as much or more trash themselves.
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post 1657954793 03-14-2022, 09:55 PM
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Originally Posted By katya422⏩
Well at least in regards to the large banks and securities firms I'm not sure that is the whole story. I'm don't know if I'm up to stating it all explicitly and accurately, but the rough picture is a failure cascade...one default causing another default causing another default.

That was supposedly why the LIBOR was so nuts- the banks were aware that they were holding a certain amount of trash and couldn't be sure if the other parties/banks were sound or were holding as much or more trash themselves.
Yup that’s counterparty risk which caused the interbank lending rate to spike which in turn raised retail lending rates.

Good.

1 person defaulting on their loan is the borrower’s problem.

1 million people defaulting on their loan is the bank’s problem.

They literally have a license to print money, except they don’t need to go to the expense of printing it. They just lend it out of thin air.

They’re so against government intervention until their own greed bites them in the ass.

Yes rustled.
post 1657954903 03-14-2022, 09:59 PM
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You can't avoid inflation, you can only control and limit it.

But keeping energy independence and cheap energy around would have gone a long way to help
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post 1657954913 03-14-2022, 10:00 PM
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That painter fellow had a successful turn around
See you tomorrow
post 1657954983 03-14-2022, 10:01 PM
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-don't fund the creation of biological weapons in china
-don't intentionally release a bioweapon on the world
-don't lock down everything and prevent people from working
-don't pay people to sit at home and do nothing
-don't print a chit ton of money to give to people sitting at home doing nothing

You wouldn't even have to do anything to do a better job than the government. Just don't actively try to destroy our economy like they are doing
post 1657955193 03-14-2022, 10:05 PM
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Originally Posted By Omnivium⏩
-don't fund the creation of biological weapons in china
-don't intentionally release a bioweapon on the world
-don't lock down everything and prevent people from working
-don't pay people to sit at home and do nothing
-don't print a chit ton of money to give to people sitting at home doing nothing

You wouldn't even have to do anything to do a better job than the government. Just don't actively try to destroy our economy like they are doing
LMAO if you think that’s where the money went
post 1657955473 03-14-2022, 10:11 PM
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Dissolve the federal reserve and Prosecute politicians for attempting to control the free market, create social policies, and play identity politics. This includes “stimulus” money, which is absolutely unconstitutional. Causing inflation is taxation without representation and stimulus is tyranny.
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post 1657956023 03-14-2022, 10:25 PM
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post 1657956143 03-14-2022, 10:29 PM
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just how fuked are things gonna be for the rest of this decade???
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post 1657956213 03-14-2022, 10:30 PM
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Not shut down our energy independence.. would be my first step.
post 1657956463 03-14-2022, 10:40 PM
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Any 16 year old who didn’t fail Economics could come up with a solution. The problem is that people don’t want it. The average voter is a dirty centrist coward who would sacrifice everything for their own security and comfort. An economic depression in the middle of a “deadly pandemic” is horrible for re-election, especially when you piss off the wrong people who can influence the “fair” voting system with propaganda and money.
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post 1657956543 03-14-2022, 10:44 PM
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Originally Posted By BulkingIsHard⏩
Any 16 year old who didn’t fail Economics could come up with a solution. The problem is that people don’t want it.The average voter is a dirty centrist coward who would sacrifice everything for their own security and comfort. An economic depression in the middle of a “deadly pandemic” is horrible for re-election, especially when you piss off the wrong people who can influence the “fair” voting system with propaganda and money.
That is precisely the problem democracy is meant to solve.

Unfortunately a 2 party system is so far removed from democracy you will never see that outcome

Also if you put a lot of these corporate bailouts to a popular vote I actually think the vast majority would vote against them
post 1657957163 03-14-2022, 11:00 PM
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Not locked down for COVID, not given out any free money, not decimated domestic oil production. Those 3 things would have prevented basically all inflation. 80% of all money in circulation today was printed off in the last 2 years. That's absurd and makes me think the inflation is intentional. Economy is a man made construct and humans understand things that are man made. Anybody who understands basic economics knew it was going to happen as soon as they started doing it. It's only starting, unless we open up all drilling, and even if we did today, we wouldn't see a major increase in drilling for at least a year and a half. That's how long it takes from prospecting land to pumping oil. Once gas hits 200-300 dollars a barrel, that's 6-9+ dollars a gallon. And that's how much more it's gonna cost to stock stores with supplies.
post 1657957723 03-14-2022, 11:16 PM
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Not stop the entirely of what causes life to exist to protect against a potential virus.

Do you freeze bodies to absolute zero when they're being treated for diseases?
post 1657960073 03-15-2022, 12:47 AM
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Originally Posted By mesobuild⏩
Not stop the entirely of what causes life to exist to protect against a potential virus.

Do you freeze bodies to absolute zero when they're being treated for diseases?
On top of that, many epidemiologists were pleading against lockdowns, that it would ruin many more lives than staying open. John Hopkins released a study a month or 2 ago after the fact saying the lock downs had 0 impact on COVID mortality. Makes me think that the whole thing was intentional and based on economics rather than science. Economics in the fact that it was the biggest transfer of wealth in human history. Gut the middle class and give to the elite.
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