Comments by "bighand69" (@bighands69) on "Art Laffer: Inflation can't stay at this level" video.

  1. He is an expert on the subject and is trying to present this to people watching TV.
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  2. It has nothing to do with fiat currency. The US economy is short on cash because the US currency system is a world reserve that means foreign economies and industry are buying up US currency because they cannot trust any other world currency. The inflation you are seeing is all because of shut downs and economic backlogs that are not starting to clog up the system. The anit fiat types have been waiting for this moment to pounce on it.
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  3. People just love blaming fiat currency.
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  4. It is all supply and demand but the years of lockdowns have impact that supply and demand and there is no road to recovery until western industries move back home and guarantee their manufacturing output. Businesses that seen this coming and prepared with be best able to feed the market place.
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  5. 20% inflation would not bankrupt the US not even close. What it would do is stop all the welfare entitlement programs for a generation. The left and compromised republicans cannot never allow that to happen as they would lose their places in congress and their bases would disown them. US current expenditure is about $4 trillion and they would need to cut a trillion of that to counter the deficits and they simply cannot do that or they face political downfall.
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  6. Fed is not the main reason.
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  7. That is not the reason for the inflation it is all supply and demand. There is a massive supply backlog that is about to cause a massive blockage in the system. Once these things start they do not stop until they run their course and no amount of government policy will now change that. A 3 month shut down on a world scale would have been bad enough but they were doing a full year of shutdowns and some more. My businesses if they wanted to cannot get hold of certains supplies and what is on the market is priced based on its short supply. This has all happened before and is nothing new and it is not the money supply that caused it.
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  8. The US economy is not dependent on debt. It is the politicians that require the debt so that they can run their entitlement programs.
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  9. Money supply has nothing to do with this. Interest rates and supply will have no impact on this supply and demand driven inflationary cycle.
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  10. Joe does not tax nor does he spend but what he can do as president is give the green light to the congress to spend.
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  11. I do not think 30% inflation is accurate because if the figure was that you would notice it a lot more. It is most certainly in the teens and will compound even more.
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  12. QE is not driving this inflation that people think. It is all about supply and demand in the whole economy. This is what outsourcing and mandatory shutdowns look like. They do not kick in straight away and take time to play out.
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  13. No she is not. This inflation is caused by the whole economies of the west shutting down and then have any of their industries based in Asia where they cannot control the output. China is now in more shutdowns and there is more issues coming down the line.
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  14. Once the supply chain starts to function again prices will come down but is that likely to happen in the next year? This may play out over a decade.
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  15. NATO has nothing to do with any of this.
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  16.  @etohi  None of this has anything to do with the fed. You just waited like others for the opportunity to push the anti fiat currency agenda. What we are seeing is all down to supply and demand in the economy. Every country on earth is now facing these issues.
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  17. There is nothing government can do about it at this stage it has already started.
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