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This is the real answer. Everything else is just arguing about what type of band-aid we use. Root of the problem with inflation in this nation is out of control

This is the real answer. Everything else is just arguing about what type of band-aid we use. Root of the problem with inflation in this nation is out of control government spending and printing of money. Unfortunately no politician will seriously campaign to do this, as combating inflation results in a drop in economic boost, potential unemployment, etc. It stings at first but the other end of it is worth doing. Our hand will be forced one way or another to hit the brakes.

tablespoon 4y ago
> Root of the problem with inflation in this nation is out of control government spending and printing of money. Eh, not entirely. There's also a war going on, which has had serious impacts on the food an energy markets. Plus the supply chain is still all out of whack due to COVID. Neither of those is due to "out of control government spending and printing of money." The people who reflexively complain about "out of control government spending and printing of money" have predicted 12 of the last 1 bouts of inflation.
- abduhl 4y ago
  You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemployment benefits and bridge loans to businesses? You can argue that it was necessary to prevent an economic recession, but that argument is a bit hard to take seriously as our economy currently enters recession territory.
  - tablespoon 4y ago
    > You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemployment benefits and bridge loans to businesses? 1) The US could have pursued a COVID policy of “Kill Grandma, Save the Dollar,” and still had supply chain issues. We live in globalized economy, and China's COVID policy is just as significant to the supply chain as the US's (or even more so). 2) Even if the US's COVID policy did cause inflation, a policy along those lines may have still been the right one, given the circumstances. People monomanically focused on one or a few metrics (like inflation) usually advocate shit policy that's bad for everything else.
  - hourago 4y ago
    > You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemployment benefits and bridge loans to businesses? The supply chain is affected way more by what China does than by any other country. I do not think that supply chain and inflation problems are just happening in the USA but world wide.
  - Hammershaft 4y ago
    I wouldn't be so confident on pinning US COVID policy as the root of supply shortage issues consider supply shortages and soaring costs are currently worldwide problems; Other causes have been cited more commonly by economists & institutions. https://m.youtube.com/watch?v=b1JlYZQG3lI https://m.youtube.com/watch?v=b1JlYZQG3lI
  - throwaway0a5e 4y ago
    It certainly didn't help the supply chain. I think the shock to the economy did more to affect people's perception of things in a self-fulfilling way than it did directly.
- zthrowaway 4y ago
  Yes entirely, at the very least 90% entirely. What I'm saying here isn't novel whatsoever. This is a phenomenon well documented and understood in economics for the past 5 decades. This isn't some reflexive talking point. This phenomena is so concrete that it was seen in the gold rush era, and even when tobacco leaves were used as currency in the south. There's plenty of historical data to back this up.
- rightbyte 4y ago
  Inflation was wack in January too.

tablespoon 4y ago

> Root of the problem with inflation in this nation is out of control government spending and printing of money. Eh, not entirely. There's also a war going on, which has had serious impacts on the food an energy markets. Plus the supply chain is still all out of whack due to COVID. Neither of those is due to "out of control government spending and printing of money." The people who reflexively complain about "out of control government spending and printing of money" have predicted 12 of the last 1 bouts of inflation.

abduhl 4y ago
You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemployment benefits and bridge loans to businesses? You can argue that it was necessary to prevent an economic recession, but that argument is a bit hard to take seriously as our economy currently enters recession territory.
- tablespoon 4y ago
  > You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemployment benefits and bridge loans to businesses? 1) The US could have pursued a COVID policy of “Kill Grandma, Save the Dollar,” and still had supply chain issues. We live in globalized economy, and China's COVID policy is just as significant to the supply chain as the US's (or even more so). 2) Even if the US's COVID policy did cause inflation, a policy along those lines may have still been the right one, given the circumstances. People monomanically focused on one or a few metrics (like inflation) usually advocate shit policy that's bad for everything else.
- hourago 4y ago
  > You don’t think that the supply chain issues are related to our Covid strategy of “Stay the Fuck Home” via massive printing of money to support ridiculous unemployment benefits and bridge loans to businesses? The supply chain is affected way more by what China does than by any other country. I do not think that supply chain and inflation problems are just happening in the USA but world wide.
- Hammershaft 4y ago
  I wouldn't be so confident on pinning US COVID policy as the root of supply shortage issues consider supply shortages and soaring costs are currently worldwide problems; Other causes have been cited more commonly by economists & institutions. https://m.youtube.com/watch?v=b1JlYZQG3lI https://m.youtube.com/watch?v=b1JlYZQG3lI
- throwaway0a5e 4y ago
  It certainly didn't help the supply chain. I think the shock to the economy did more to affect people's perception of things in a self-fulfilling way than it did directly.
zthrowaway 4y ago
Yes entirely, at the very least 90% entirely. What I'm saying here isn't novel whatsoever. This is a phenomenon well documented and understood in economics for the past 5 decades. This isn't some reflexive talking point. This phenomena is so concrete that it was seen in the gold rush era, and even when tobacco leaves were used as currency in the south. There's plenty of historical data to back this up.
rightbyte 4y ago
Inflation was wack in January too.