[xp38]

They want a rerun of That 70’s show?

[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.

Ok, you can stop laughing now.

[Army Air Corps]

Further proof of why one should NOT drink the Bong Water.

[Billthedrill]

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.

[Leaning Right]

So high inflation is a good thing. I guess that Bloomberg News is now being run by this guy:

[MNJohnnie]

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.

[Pontiac]

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.

[Macoozie]

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 . . .

[econjack]

Did he come up with this on his own, or did some 5 year old convince him this was a good idea?

[Nateman]

I figure 30% for the year. It's not temporary. This is a tax where the thieves will claim they are not raising taxes.

[PGR88]

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?

[I want the USA back]

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.

[Tell It Right]

Translation: Hey, Federal Reserve. Don’t taper the “not-QE” and don’t raise rates to destroy the economy over inflation worries while we have a Democrat in the White House. You’re supposed to do that only when a Republican is in the White House or at least wait until near the end of a Democrat’s 2nd term.

[Little Ray]

Karl Smith must be a Keynesian economist.
I bet he breaks windows in his spare time to help the economy.

[Chode]

RATS aren’t smart enough to understand the business model of a lemonade stand...