Unemployed people spending no more than they were when they were employed probably won't cause inflation.
The charts on M1 and M2 are scary. And the FED recently redefined M2. M2 is not as bad as M1. But still..
Posted on 03/19/2021 2:27:23 PM PDT by fruser1
As long as banks can make loans, the Fed’s initial increase can finally increase the money supply many times over.
The large final increase in the money supply should be inflationary. That wasn’t the case 10 years ago. From 2010 to 2018, the Dodd-Frank bill placed severe restrictions on bank lending, which reduced the multiplying effect. That could be the reason there was no inflationary impact.
But parts of Dodd Frank were repealed in 2018, so now there should be a greater multiplying effect, likely contributing to inflation.
Rising energy prices, a rapid growth in the money supply, huge government budget deficits and a potential capital shortage all point to a future inflation problem.
Those who support MMT have reached conclusions that are simply not accurate. Continuing to print money and continuing to deficit-spend do have consequences. The first consequence is rapidly rising prices. I am afraid that is coming.
(Excerpt) Read more at newsmax.com ...
Of course inflation’s coming. It’s already here. “Modern Monetary Theory” is a bunch of crap.
We won’t be on this financial system much longer. Its already bankrupted.
In 1990 the cheapest new cars were about 1/4 of the median income. Today, they are more than 1/2. In real dollars cars have doubled in price in 30 years. (To be honest, they’ve also gotten a lot better) That is inflation.
The bigger the bubble the louder the POP
Biden OWNS this.
Gas prices? Wait till this summer.
He owns it. It’s ON HIM.
By the way, he better speak up a little more, IMHO. Not that I should tell him how to live his life.
Inflation is built into the system. Money is based on air and has no inherent value. The government prints more dollars and deflates the value of the currency. Politicians crow about how well the economy is doing, when it’s nothing more than inflated numbers giving the illusion of economic growth.
Stagflation makes a comeback.
It was Soooo fun the first time around.
Correct. Anyone who goes into stores on a regular basis knows that inflation is already here.
The Feds don’t care about inflation because they’re not really affected by it. They have secure jobs with high incomes and COLAs. They can easily absorb the rising costs.
Yup. Everything Biden is doing is adding to the inflationary spiral. It’s almost like they WANT to bankrupt the country.
Only this time there will be a line of electric cars waiting for their turn at the charging station.
Unemployed people spending no more than they were when they were employed probably won't cause inflation.
The charts on M1 and M2 are scary. And the FED recently redefined M2. M2 is not as bad as M1. But still..
To make matters worse, Congress will finally push through a $15/hr minimum wage, IMHO.
Hmmm...
I see ice-cream 1/2 gallon has risen, in past 2-months, from $2.39 to $4.98...
I see gasoline per gallon has risen from $2.19 to $2.89...
I see a can of Maxwell house coffee has risen from $6.25 to $8.25...
I see street walkers .... Oh wait... Never mind...
What does it mean when some nitwit now says inflation is “coming in the future?
They really haven’t gotten that much better since 1990-91. Just more distracting and breakage prone electronic toys and harder to work on yourself.
Yay, fear porn.
In a small town in Illinois not too far from Iowa it is already $ 3.09. The same holds for groceries, every time you go shopping they are up. With a crappy and corrupt administration I expect before long the US will resemble Argentina warmed over.
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