4 ms·
I was about 13 years old I didn't have much capitol to invest. I just put together the two pieces of the puzzle that housing prices were rising much faster than
by fuzz4lyfe 7y ago
I was about 13 years old I didn't have much capitol to invest. I just put together the two pieces of the puzzle that housing prices were rising much faster than wages and that a products price can't continuously rise faster then the consumers ability to pay for that product. I guess the "smart money" missed that.
Now we have a bunch of presidential candidates that tell me they are going to print money all day long and a bunch of people who "know better" telling me that won't cause inflation to spike. ¯\_(ツ)_/¯
- bsanr2 7y ago>Print money Taxing isn't printing.
- fuzz4lyfe 7y agoThe democrats can never seem to manage to tax the wealthy (themselves effectively) when push comes to shove. I'm not trying to be partisan, Republicans similarly are unable to cut spending. Perhaps this time will be different but I'm betting against that personally. Also it is my belief that moving money from investment vehicles to consumers will have a inflationary effect on consumer goods. The slow trickle of subsidized Uber rides for example probably has less of an effect than a direct cash transfer that happens more rapidly. More so much of that money is invested internationally, by increasing taxes on the wealthy we may be in effect increasing the total money supply in the United States.
- JamesBarney 7y agoTaxing the wealthy wouldn't increase the money supply but if redistributed could increase money velocity.
- RhodesianHunter 7y agoNo candidates are talking about printing money, just spending it in different ways.
- JamesBarney 7y agoBefore we saw a huge inflation, we'd see very low unemployment then inflation would uptick to 2%. And in the current interest rate environment we could probably use an inflation rate closer to 4%.