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WHAT? Bloomberg Op-Ed Says ‘America Needs Higher, Longer-Lasting Inflation’
NewsBusters ^
| 10/13/2021
| Joseph Vazquez
Posted on 10/13/2021 1:40:07 PM PDT by JV3MRC
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1
posted on
10/13/2021 1:40:08 PM PDT
by
JV3MRC
To: JV3MRC
They want a rerun of That 70’s show?
2
posted on
10/13/2021 1:42:18 PM PDT
by
xp38
To: JV3MRC
The fedgov needs high and sustained inflation to repudiate the debt. But that only works if spending is under control and the operating deficit as a percentage of GDP is declining.
Ok, you can stop laughing now.
3
posted on
10/13/2021 1:45:27 PM PDT
by
sphinx
To: JV3MRC
Further proof of why one should NOT drink the Bong Water.
4
posted on
10/13/2021 1:45:34 PM PDT
by
Army Air Corps
(Four Fried Chickens and a Coke)
To: JV3MRC
His main argument was that “a higher rate of inflation, and correspondingly higher wage growth, could be a net positive for the economy.” Wage "growth" follows prices, which increase first and faster than wages. That's where the term "inflationary spiral" comes from. You don't ever catch up. You do end up with worthless currency and nothing for it to buy.
To: sphinx
The fedgov needs high and sustained inflation to repudiate the debt. But that only works if spending is under control and the operating deficit as a percentage of GDP is declining.
6
posted on
10/13/2021 1:47:30 PM PDT
by
Yo-Yo
(is the /sarc tag really necessary?)
To: Billthedrill
The inflation we see is caused by the government creating more and more fiat money. This leads to “too many dollars chasing to few goods”. Higher wages are not pushing inflation. Jeez. Leave the workers alone. Don’t blame them for insane monitory policy.
7
posted on
10/13/2021 1:50:15 PM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: JV3MRC
So high inflation is a good thing. I guess that Bloomberg News is now being run by this guy:
8
posted on
10/13/2021 1:50:58 PM PDT
by
Leaning Right
(I have already previewed or do not wish to preview this composition.)
To: JV3MRC
Of course the fact that it never ever worked that way in the history of the world is irrelevant to these Biden Democrats. All that matters is the dogma. Everything else must be secondary to the political paradigm.
Wages NEVER keep up with inflation so the next result is a loss of buyer power. There no way for a society to inflate itself to prosperity.
9
posted on
10/13/2021 1:51:31 PM PDT
by
MNJohnnie
(They would have abandon leftism to achieve sanity. Freeper Olog-hai)
To: xp38
This must be the Uniparty line.
10
posted on
10/13/2021 1:51:40 PM PDT
by
The Antiyuppie
(When small men cast long shadows, then it is very late in the day.)
To: JV3MRC
Inflation is great for about 2% or less of the population.
If you have a lot of debt on a low interest fixed interest loan and you have a really good secure job.
You will be paying back your loan with cheap money while your rate of pay rises.
But for most people the high inflation rate devalues their savings and their rate of pay does not keep up with inflation.
Me personally I was going to retire soon and take my retirement pay as an annuity.
But now I am probably going to take a lump sum and role it into an IRA.
Double digit inflation would quickly erode my retirement income away to nothing.
Anyone with even rudimentary observation skills can see that we already have Double Digit inflation.
Get ready for a rough patch folks.
11
posted on
10/13/2021 1:51:46 PM PDT
by
Pontiac
(The welfare state must fail because it is contrary to human nature and diminishes the human spirit)
To: JV3MRC
Sure, why not.
They got 100 Trillion or so in debt to inflate away.
Keep in pumping
median home price over 270K
median family income 69k
4:1 and that’s just the start
Let it all burn . . .
12
posted on
10/13/2021 1:52:38 PM PDT
by
Macoozie
(Handcuffs and Orange Jumpsuitss)
To: JV3MRC
Did he come up with this on his own, or did some 5 year old convince him this was a good idea?
13
posted on
10/13/2021 1:55:40 PM PDT
by
econjack
(I'm not bossy. I just know what you should be doing.)
To: JV3MRC
I figure 30% for the year. It's not temporary. This is a tax where the thieves will claim they are not raising taxes.
14
posted on
10/13/2021 1:56:12 PM PDT
by
Nateman
(If the Left is not screaming , you are doing it wrong.)
To: The Antiyuppie
I've got a bunch of these to sell to you!
15
posted on
10/13/2021 1:59:15 PM PDT
by
xp38
To: xp38
A collector would pay $5,000,000,000,000 for
that coin!
"Pluribus" is misspelled.
16
posted on
10/13/2021 2:05:08 PM PDT
by
outofsalt
(If history teaches us anything, it's that history rarely teaches anything.)
To: JV3MRC
Bloomberg Op-Ed Says ‘America GOVERNMENT Needs Higher, Longer-Lasting Inflation’ How else is Fed.gov going to get rid of $29 Trillion of nomial debt, and $150 Trillion of unfunded liabilities?
17
posted on
10/13/2021 2:05:55 PM PDT
by
PGR88
To: JV3MRC
The benefit is to the government and the super rich individuals who got rich through their connections.
High inflation renders savings null and void, making you poor and dependent on government.
Inflation makes the sacred numbers go up, (GDP, DOW) leading to the illusion of rising prosperity.
Bracket creep progressively steals more and more of the earnings of anyone who is working.
Inflation destroys the middle class, which is what they want.
18
posted on
10/13/2021 2:07:21 PM PDT
by
I want the USA back
(Buy a Let's Go Brandon! sticker. Show your disdain for the maniac in the White House. I did.)
To: Billthedrill
That is classic! I want Bloomberg or whoever, to show me which jobs are going to ultimately have a 555% pay increase?
To: Richard Axtell
Inflation is good.
Government spending doesn’t cost anything.
Insulting white people is not racist.
The border is closed.
“War is peace.
Freedom is slavery.
Ignorance is strength.” - Orwell
20
posted on
10/13/2021 2:23:26 PM PDT
by
brookwood
(Obama said you could keep your plan - Sanders says higher taxes will improve the weather)
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