4 ms·

If this inflation is the price of liberty for Ukrainians and the price of independence from a dictator for Western Europe, then I am willing to pay that, person

If this inflation is the price of liberty for Ukrainians and the price of independence from a dictator for Western Europe, then I am willing to pay that, personally. I just don't think Ukraine explains that much beyond natural gas prices going up, as far as I'm aware, and even that I suspect is limited to Europe. (I am in the US).

sanderjd 3y ago
I agree with you that it would be worth it, but it's also definitely not what caused inflation.
- landemva 3y ago
  Historical timeline of USA central bank rates and world events: March 3, 2020 -50 basis points March 14-15, 2020 -100 basis points Feb 19 2022 Zelensky speech puts in question 1994 nuclear disarmament agreement. Feb 20 2022 VP Harris in Munich encourages Ukraine entry into NATO, "So I respect President Zelensky’s desire to be a member of NATO." Feb 24 2022 Russia in to Ukraine. March 15-16 2022 rate increases begin. Federal Reserve recognized war. Zelensky nuclear ambitions speech translated: https://kyivindependent.com/zelenskys-full-speech-at-munich-security-conference/ https://kyivindependent.com/zelenskys-full-speech-at-munich-... Harris talking about Ukraine joining NATO: https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/02/20/remarks-by-vice-president-harris-in-press-gaggle-2/ https://www.whitehouse.gov/briefing-room/speeches-remarks/20...
  - frumper 3y ago
    Something can happen in the world and not be the causation for the other. It's totally possible.
    - landemva 3y ago
      It is possible. What other event caused Federal Reserve to suddenly raise rates in March 2022?
      - ImPostingOnHN 3y ago
        (somewhat) interesting question, it might be worth discussing sometime anyways, do you have any evidence for the causality you suggested here? so far it hasn't been very convincing keep in mind, as you make your case, that most posters here are smart enough to not fall for a "post hoc ergo proper hoc" fallacy
        landemva 3y ago
        Federal Reserve is a private contractor to USA and sets the price of money (interest rates). Their recent statement timidly implied the war is causing inflationary pressures. As a contractor, they can't directly tell the White House to 'knock off the warmaking' so they wrote 'international developments'. https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20230726.pdf https://www.federalreserve.gov/monetarypolicy/files/fomcminu... Page 9: "Members also agreed that their assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments." If you like to read books, this book about Russia has amazing references including FOIA documents. https://www.barnesandnoble.com/w/the-plot-to-seize-russia-martin-armstrong/1143609009;jsessionid=BBA3B88B8BBF5602620B254B4DF7D44F.prodny_store02-atgap17?ean=9781662939648 https://www.barnesandnoble.com/w/the-plot-to-seize-russia-ma...
        ImPostingOnHN 3y ago
        you're saying you think that quote means russia's war on Ukraine is causing inflation? if so, it doesn't – not only does it not even mention russia's war on Ukraine, it doesn't even mention a rate increase, much less a correlation between the two not only THAT, but you conveniently ignored all the 4 other factors they listed first and before you go down the conspiracy theory route of "X can't/won't say the REAL truth but I'll tell you what it is", a lack of evidence for a theory isn't evidence of the theory, and while I'm sure you're a great person, your word in this situation is unconvincing
      - frumper 3y ago
        Trump both railed against the low rates at the end of the Obama presidency and then railed against raising them when he took office. The idea that it was a sudden event that caused rate hikes is only seen by someone not paying attention to it for a decade.
  - andrewjl 3y ago
    When evaluating inflation levels the Fed as a matter of policy uses a price level measure that doesn't directly account for food and energy costs.
  - _kbh_ 3y ago
    > Zelensky nuclear ambitions speech translated: https://kyivindependent.com/zelenskys-full-speech-at-munich- https://kyivindependent.com/zelenskys-full-speech-at-munich-... I must be missing something because I cannot see a single part in there that says Ukraine wants to acquire nuclear weapons. All it says is that Ukraine willing gave up nuclear weapons in exchange for security guarantees (from the US, France and Russia) and that those countries are not really abiding by the agreement. If you could quote part of the speech that mentions Ukraine wanting nuclear weapons that would be great.

sanderjd 3y ago

I agree with you that it would be worth it, but it's also definitely not what caused inflation.

landemva 3y ago
Historical timeline of USA central bank rates and world events: March 3, 2020 -50 basis points March 14-15, 2020 -100 basis points Feb 19 2022 Zelensky speech puts in question 1994 nuclear disarmament agreement. Feb 20 2022 VP Harris in Munich encourages Ukraine entry into NATO, "So I respect President Zelensky’s desire to be a member of NATO." Feb 24 2022 Russia in to Ukraine. March 15-16 2022 rate increases begin. Federal Reserve recognized war. Zelensky nuclear ambitions speech translated: https://kyivindependent.com/zelenskys-full-speech-at-munich-security-conference/ https://kyivindependent.com/zelenskys-full-speech-at-munich-... Harris talking about Ukraine joining NATO: https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/02/20/remarks-by-vice-president-harris-in-press-gaggle-2/ https://www.whitehouse.gov/briefing-room/speeches-remarks/20...
- frumper 3y ago
  Something can happen in the world and not be the causation for the other. It's totally possible.
  - landemva 3y ago
    It is possible. What other event caused Federal Reserve to suddenly raise rates in March 2022?
    - ImPostingOnHN 3y ago
      (somewhat) interesting question, it might be worth discussing sometime anyways, do you have any evidence for the causality you suggested here? so far it hasn't been very convincing keep in mind, as you make your case, that most posters here are smart enough to not fall for a "post hoc ergo proper hoc" fallacy
      - landemva 3y ago
        Federal Reserve is a private contractor to USA and sets the price of money (interest rates). Their recent statement timidly implied the war is causing inflationary pressures. As a contractor, they can't directly tell the White House to 'knock off the warmaking' so they wrote 'international developments'. https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20230726.pdf https://www.federalreserve.gov/monetarypolicy/files/fomcminu... Page 9: "Members also agreed that their assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments." If you like to read books, this book about Russia has amazing references including FOIA documents. https://www.barnesandnoble.com/w/the-plot-to-seize-russia-martin-armstrong/1143609009;jsessionid=BBA3B88B8BBF5602620B254B4DF7D44F.prodny_store02-atgap17?ean=9781662939648 https://www.barnesandnoble.com/w/the-plot-to-seize-russia-ma...
        ImPostingOnHN 3y ago
        you're saying you think that quote means russia's war on Ukraine is causing inflation? if so, it doesn't – not only does it not even mention russia's war on Ukraine, it doesn't even mention a rate increase, much less a correlation between the two not only THAT, but you conveniently ignored all the 4 other factors they listed first and before you go down the conspiracy theory route of "X can't/won't say the REAL truth but I'll tell you what it is", a lack of evidence for a theory isn't evidence of the theory, and while I'm sure you're a great person, your word in this situation is unconvincing
    - frumper 3y ago
      Trump both railed against the low rates at the end of the Obama presidency and then railed against raising them when he took office. The idea that it was a sudden event that caused rate hikes is only seen by someone not paying attention to it for a decade.
- andrewjl 3y ago
  When evaluating inflation levels the Fed as a matter of policy uses a price level measure that doesn't directly account for food and energy costs.
- _kbh_ 3y ago
  > Zelensky nuclear ambitions speech translated: https://kyivindependent.com/zelenskys-full-speech-at-munich- https://kyivindependent.com/zelenskys-full-speech-at-munich-... I must be missing something because I cannot see a single part in there that says Ukraine wants to acquire nuclear weapons. All it says is that Ukraine willing gave up nuclear weapons in exchange for security guarantees (from the US, France and Russia) and that those countries are not really abiding by the agreement. If you could quote part of the speech that mentions Ukraine wanting nuclear weapons that would be great.