Comments by "Grim Affiliations" (@grimaffiliations3671) on "Bidenflation Remains Excessive, "Rises" to 3.5%" video.

  1. wages don't stay still either, they rise to match inflation. Prices have gone up more than inflaiton since covid
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  2. inflation is the rate of increase
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  3.  @joquin4618  no such thing as "money we don't have", the government makes the money, so they always have the money.
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  4.  @johndoe-lp9my  trillion dollars is nothing compared to the productivity of the economy. The government only causes inflation if it prints beyond the capacity of the economy. Corporations are seeing record profits thanks to these price rises, so no it's not gov spending
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  5.  @nmmeswey3584  yes, the government doesn't print production, but our economy has a certain level of productive capacity. There won't be inflation (related to printing) as long as we don't spend beyond our productive capacity. We hardly ever operate at full capacity
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  6.  @Raskolnikov70  Sadly a lot of places have single family home mandates, which mean sall other kinds of homes are banned. This means that housing supply is way below demand, causing prices to explode
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  7. under the previous guy, i and many other were laid off. The economy was in the toilet when Biden took over
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  8. he's gonna cause an economic mess with his 20% tarrifs on all goods
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  9. its on target if you take out owner occupied rent, which no one pays
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  10.  @stevehartwell1861  i follow a decentralized non-government inflation tracker called Truflation, and they have inflation lower than the government
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  11.  @kneetotheface  what american values have been abandoned?
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  12.  @kneetotheface  people still have all of those things in abundance. What gov policies are nefarious?
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  13. inflation is that rate of increase, so thats the only way to measure it
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  14.  @paulgarduno2867  pray tell
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  15.  @nmmeswey3584  This is quite obviously not true. We saw deficits explode during world war 2 and inflation remained at the 2% target. Same thing happened throughout the 2010's and inflation didn't elevate beyond target then either. Japan raked up a debt to gdp ratio over twice the size of it's entire economy and they never saw excessive inflation. In fact they were struggling with deflation for much of that time. New money is only inflationary if it enters an economy already at full capacity. And no, im not liking my own comments
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  16.  @nmmeswey3584  If your claim that new spending inherently devalues dollars already in circulation is true, then all deficit spending would be inflationary, which it isn't. Not sure what distinction you're making between deficit spending and debt spending, deficit spending is debt spending as it adds to the national debt. Also the national debt is not supposed to be paid off over time through tax increases. Taxes do not fund anything the government does on the federal level. They're debited out of existence at the IRS, the government only makes us pay them to create demand for the dollar. If you don't believe me, try to pay your federal taxes in cash at a physical IRS location, they'll literally throw your money in a shredder
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  17. if your claim that every new dollar in circulation devalues existing money is true, then all deficit spending would be inflationary, which it isn't. Not sure what distinction you're trying to make between debt spending and deficit spending, they're they same. And no, taxes would not be increased to pay for the national debt because taxes do not pay for anything the federal government does. They're debited out of existence upon payment at the IRS
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  18.  @nmmeswey3584  You've got that wrong. Deficit spending is debt spending, because the fed sells bonds equivalent to that deficit. If the government deficit spends by a hundred bucks, the fed will sell a hundred bucks worth of bonds thus adding 100 bucks to the national debt. "Borrowing" is the process of selling bonds. By "taxes don't pay for spending" i literally mean taxes don't pay for anything the federal government does. Taxes are debited out of existence at the IRS, they're deleted. You can test this out yourself by paying your federal taxes in cash at a physical IRS location. They'll actually throw your tax money in a shredder. They make us pay federal taxes to create demand for the dollar, not because they need our money. The money we're using to pay taxes came from them in the first place
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  19. You got that wrong, deficit spending is debt spending because whenever the government deficits spends, the fed matches that deficit with bond sales. If they deficit spend by a hundred, the fed will sell a hundred dollars worth of bonds thus adding a hundred to the national debt. By "taxes don't pay for anything the government does" i mean taxes literally don't pay for anything they do. Taxes are debited out of existence at the IRS, they're deleted. If you pay in cash at a physical IRS location, they';; throw your money in a shredder. I've seen it myself. The federal government taxes us to create demand for the dollar, not because they need our money
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  20. Trulfation is a private de-centralized inflation measure and it says inflation is actually lower than the government is saying
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  21.  @joelgonzales8342  biden has drilled more than any president in history, and we're currently number 1 exporters in the world for oil and gas
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  22.  @reconjitz  We don't have a production issue, growth is very high and productivity is hitting the 3% mark which is great. Most remaining inflation is in "owner occupied rent" which no one actually pays and other countries don't even count. We don't need people to buy our debt, we can buy our own debt or just stop selling bonds altogether. Also Trump is proposing a 20% tarrif on all goods, that would make inflation explode
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  23. no, it's 3.5% over the year
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  24. they do
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  25.  @GeosRealityReport  they are
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  26. it did, pce inflation is back on target, and thats what the fed cares about
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  27. trump did very little to affect the economy as president. He gave a tax cut to his rich buddies, but that had virtually no impact on the wider economy. There isn't a single economic metric that broke trends set in the obama admin. And now he's running on a 20% tarrif on all goods. Good luck with inflation if that happens
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  28. average gas prices were above 5 bucks in 2022 and dems still swept. They likely will again, especially thanks to this abortion ban scandal
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  29. and wages?
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  30.  @cavediver8385  the whole economy doesn't revolve around my personal friend group
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  31.  @cavediver8385  no, me not knowing someone who got a raise like that doesn't mean wages in general haven't kept up with inflation. They've gone up more than inflation. There's someone in this very comment section who says their wages have gone up 64%
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  32.  @cavediver8385  What do you mean really? just look at the numbers yourself. This isn't secret wisdom i've got here. Real wages are up from the pandemic
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  33. yes, really. The numbers are free and easy to access
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  34.  @cavediver8385  that has 0 baring on national numbers
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  35. if monetarists were right, we would've collapsed a long time ago
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  36. what is the name of that wsj article?
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  37.  @johnsmithers8913  Are you talking about modern monetary theory? No, they don't advocate that. They advocate for weighing the inflation potential of a bill before passing it, instead of looking at whether or not it causes a deficit. They point out that deficit spending isn't inherently inflationary, so it doesn't make sense to focus on whether or not a bill is deficit neutral
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  38. aint happening, especially since interest rates are propping up inflation
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  39. dude, you're not supposed to be truthful here. You're supposed to pretend you're in a great depression for political reasons. Get with the program
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  40. wages are up more than inflation since 2019
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  41. why do so many recessions start under republicans?
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