Janet Yellen is shocked that the Fed’s price models don’t work

“Employment stabilization” causes price DEstabilization. It’s a dirty scheme to rob one group to buy the votes of another using inflationary macro policies.
Thanks, Keynesian scholars!

Food and Energy are not part of the index for inflation; those two categories alone are running 10% higher every year... Working fewer hours... Government cutting back your welfare... Everyone has less - Obama has both printed more money (buying stocks via the Fed), and made everyone working poorer!

Some companies are doing it, because costs of doing business is rising overseas. Some companies are building Mexican factories and leaving China. Transportation costs are cheaper.

I don't think very many are doing it. I thing the offshoring stills swamps the reshoring. The only reshoring I've heard about is where the company is returning with very highly automated factories so that labor cost is no longer an issue, as there is very little.

I'd rather have highly automated factories in the U.S. than have them overseas and foreign owned. But to help the labor situation we need to reshore industries that still need some labor. That's going to take restoring the tariffs.

The most recent reshoring I've heard about, appeared to have simply relocated a plant to Mexico to eliminate the union, and then relocated again to the U.S. with ultra high automation. I don't want to prevent automation. It's coming. And it's going to cause massive labor dislocations. All the more reason to get as many jobs back as we can now.

All that’s true, and so is the fact that limey poofter Keynes was wrong about everything.

If Kamarade Franklin Delano Rooseveltovich had gone with sane economists instead of the pickle-smoocher from Piccadilly, there need have been no Great Depression.

“Any working stiff buying food and gasoline know that inflation has been surging over the last two years while our earning power has stayed stationary or has fallen.”

I have observed that continuously since my return to the States in 2006.

“Socialists/Communists have no idea how economics work.... because their understanding of basic human nature is wrong.”

Terse, concise...I’m going to steal it, replace Socialist/Communists with “Leftards,” and replace the four periods with a comma.

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