Posted on 10/18/2022 5:52:00 PM PDT by RomanSoldier19
Roubini, a professor of economics at New York University’s Stern School of Business and the founder and chairman of Roubini Global Economics, is the author of MegaThreats: Ten Dangerous Trends That Imperil Our Future, and How to Survive Them, from which this essay is adapted
Inflation is back, and it is rising sharply, especially over the past year, owing to a mix of both demand and supply factors. This rise in inflation may not be a short-term phenomenon: the Great Moderation of the past three decades may be over, and we may be entering a new era of Great Stagflationary Instability.
Unless you are middle-aged and gray-haired, you probably hadn’t heard about the term stagflation until very recently. You may have barely heard about inflation. For a long time, until 2021, inflation—the increase in prices year to year—was below the advanced economies’ central banks’ target of 2%. Usually inflation is associated with high economic growth.
(Excerpt) Read more at time.com ...
better than mean tweets
The root cause of all of this was the near total lockdown of the worldwide economy. Goods shortages led to bidding up the prices which led to higher input costs which led to higher consumer prices which leads to higher wages.
Now you want to add fuel to that fire, llimit production of... err... fuel.
[We’re Heading for a Stagflationary Crisis Unlike Anything We’ve Ever Seen]
It’s called Build Back Better
Thanks to all who were severely infected with TDS out there in America.
You’re about to get what you supported.
The writer still does not understand that inflation is always and everywhere caused by the government’s issuing of money out of thin air.
Bannon and the War Room posse` have been telling us this for over a year now.
I don’t see why a new stagflation would be any different than the one from the 1970s.
In the 1970s our government enacted policies that discouraged oil production. Unsurprisingly this resulted in energy shortages and higher prices that rippled all through the economy. The Biden anti fossil fuel agenda is doing the same thing.
Our government also had tax and regulation policies that discouraged investment in other industries. The result was that any increase in the money supply went straight to price increases instead of growth. The Biden Democrats love regulation.
Reagan’s economic team knew that if they could shift the “production possibility frontier” to the right then we would get economic growth instead of a stagnant economy and inflation. Deregulation and lower marginal tax rates were their answer. We need a similarly enlightened government.
*
You can run....but....you can’t hide.
:- /
Of course, Deep State/NWO elite overlords want this to happen. All by design, intentional, and deliberate. What I don’t understand is why? Why can’t normal everyday Americans just live their life?
Market will keep going up
Bookmark
Inflation is caused by too much money in the economy, or as economist Milton Friedman argued, “Inflation is always and everywhere a monetary phenomenon.”
That is THE root cause this time? Using hocus pocus to fabricate $5 trillion out of thin air and then give it away because of the scamdemic.
Sure people got a few thousand “free” dollars but they sold their fiscal souls to get it. The average American has so far lost $34,000 of wealth. On top of that, he or she is now paying $5,000 to $6,000 more EVERY year for necessities.
It takes government to really screw up our lives.
I remember that commercial. One of the great ones!
I know of people who lived that way. At least until their house of cards blew up.
The daughter of my friend was in the mortgage lending business before the 2001-2008 bubble started, and when it took off she rode it for all it was worth.
At the peak she and her husband had a $1,000,000 house (when that was rare in SoCal!), put in another million in landscaping; they had four cars, two Lamborghinis and two AMG Mercedes, and a string of rental properties.
When the bubble blew up they lost it all and she ended up renting a room from a friend. Brutal.
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