Comments by "Adam Donovan" (@adamdonovan4071) on "Remember When You Could Afford Food? Just How Bad is Inflation Under Biden / Kamala?" video.

Happy Guy Fawkes Day.
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@ the problem with your assertion is the the economy is growing in nominal terms because of the economic inflation, the actual production is falling. So your assessment is inverted. They are fabricating a growing economy by creating inflation and saying look how much more money we made, when all that money actually buys less stuff in real terms; because in reality the economy is not growing by any measure other than dollar value. Imagine measuring your height everyday with the same tape measure and each morning cutting off one inch, and believing that everyday you grew an inch because now the tape says you are 25 feet tall. Dollars do not have a fixed value. Postmodernism is one hell of a drug.
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@anonperson3972 did you know the wizard of Oz is about the gold standard vs the silver standard? In the original the slippers are silver, not ruby; the film was one of the first to use technicolor, so they made the slippers red because it would showcase the technology better. There is an interesting breakdown of the allegory out there. Anyway, not advocating silver vs gold; just pointing out interesting bit of trivia.
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On shoring/ near shoring/friend shoring is the most important political project of the next decade IMO.
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The more you print the more things cost. Imagine a balance scale, all the money on one side all the things you could spend money on on the other side. These two things will ALWAYS balance, like a negative ion attracted to a positive ion, money seeks a sink. Inevitably. The only way to mitigate the inflation is to print less money or create a ton of additional things (goods and services) that can attract the money.
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@xaviernogueira reducing inflation rates is also inflationary…what are you arguing?
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@ I’d argue other things can cause price escalation, but only fiscal and monetary policy can cause or address inflation. Not all price escalation is inflation, but all inflation cause causes price escalation.
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@blafonovision4342 it’s not magic. It’s math. Divide the available money by the amount of money available; anytime the quantity of money available is growing without limit the cost of the things available to buy goes up. Not every individual thing, but the basket of goods as a whole. Always. X/Y where X is fixed and Y is increasing will always approach zero. Modern monetary theory is a ponzi scheme.
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@blafonovision4342 other countries buying dollars improves the value of the dollar; I would in no way want to prevent others from importing our debt.
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@ yes. That’s why printing so much of it is so inflationary. If we’re gold (or silver) backed there would be a built in sink (which would prevent the overprinting). It is now a debt backed currency, so when we sell it others they are buying debt. They are buying future tax moneys; they are buying future American labor. We trade in future debt slavery.
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@ could not possibly agree with each of your points more. 👍 Inflation robs each of us of purchasing power each and every day; and government has infinite incentive to do so as long as people are willing to ignore it.
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@anonperson3972 couldn’t agree more.
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@ when the world is burning we can’t import goods from them and sending money to them just burns it in the fire. We need to adjust. I don’t disagree that it will be a paradigm shift, but it’s a shift we either make consciously with preparation, or we wait for it to happen around us without preparing. Also, I specifically included near shoring and friendshoring because I agree we cannot pull all manufacturing back into the US economically , nor would it be good from a geopolitical standpoint. But we can stop funding those who seek to destroy us, and we can rebuild the working and middle class by bringing strategically important manufacturing back into the US.
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