We'll all be rich!
Posted on 10/29/2021 6:44:15 AM PDT by ChicagoConservative27
On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Rep. Troy Carter (D-LA) argued that the impact of inflation on people “will be eased when we start to invigorate our economy, and we invigorate our economy by pumping money into it to stimulate it.”
Carter disagreed with [relevant remarks begin around 3:15] “the notion that somehow the Build Back Better or the infrastructure plan will negatively impact inflation,” because there have been “several Nobel Peace Prize economists who vehemently disagree with that. Listen, when people make more money, they spend more money. When you make money, it doesn’t just go into a black hole in your backyard. It goes into the stores, it goes into school, it goes into homes and cars and providing better lives for our children. So that money that’s in –.”
(Excerpt) Read more at breitbart.com ...
Absolutely, when the ship is filling with water, you pump MORE water in to keep it from sinking! Makes perfect sense!
We'll all be rich!
Wow!
We print more money and the Government gives it to the people who helped get Biden in......see Wisconsin....and all this inflation thing just goes away!!!!
What could possibly go wrong with this plan?
More water will solve a flood.......................
Pumping money into the economy eases inflation?!
That’s not even Carter-nomics, that’s Mugabe-nomics.
Actually, some people have proposed that the Titanic might have been saved by counterflooding the stern to prevent the water from overtopping the forwarding compartments. The ship's designer was onboard, and he obviously didn't think so.
Mugabe school of economics?…
Damn it, you beat me.
Absolutely, when the ship is filling with water, you pump MORE water in to keep it from sinking! Makes perfect sense!
No, you drill holes in the bottom of the boat to give the water that is coming in a way out. That makes much more sense.
If one doesn’t understand about velocity of money and a few other basic concepts, or about water pressure, it doesn’t take too much to get confused, but I’d give most congress
critters a little more credit than you give them, just not much.
Congressmen aren’t typically the best and the brightest, but why would one flaunt it?
What a wonderfully fantastic solution!!!
He would have made a great member of the Finance Committee of the Continental Congress. Or Secretary of the Treasury of the Weimar Republic, Argentina, Venezuela, etc etc
Just further proof what economic illiterates the rats are...did Cavuto call this guy out?? Or cower as usual?
Inflation is defined as too much money chasing too few goods. How do people keep electing dunces to high office?
Make more money, print more money.
Same thing, right?
The line reminded me of an old Guindon comic panel. Dick Guindon is an old lefty, but he was able to poke fun at his own once in a while.
The panel showed a car with a flat tire on the road, with a pile of money underneath. The caption read, “A Democrat throwing money at a problem.” Understated, but well done.
But Jen said people are spending too much already.
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