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Massive expansionist post-Covid fiscal policy and QE that created the inflationary crisis. Mass immigration (yes immigration is an economic policy).
by dismalaf 2y ago
Massive expansionist post-Covid fiscal policy and QE that created the inflationary crisis. Mass immigration (yes immigration is an economic policy).
- peterpost2 2y agoImmigration was kicked off long before recent times and used to largely be a right-wing policy.
- dismalaf 2y agoThe rate of immigration and our ability to assimilate immigrants matters.
- peterpost2 2y agoThat is not a relevant answer to my statement.
- tpm 2y agoImmigration is not leftist, it degrades value of labor. It's liberal policy - in the US this is conflated with left, but elsewhere liberal stands for individualist policies, while left is more or less socialist, the exact opposite.
- petsfed 2y agoCertain kinds of leftist are anti-immigration. But anarchists and those in favor of international communism are aggressively (sometimes militantly) opposed to the concept of national borders or any meaningful restrictions on the movements of people.
- contagiousflow 2y agoAnd were the people making pro immigration policies in the west in favour of "international communism", or liberal capitalism?
- tpm 2y agoThose groups are not anywhere close to wielding power or influencing govs decisions.
- EarthAmbassador 2y agoWhat nonsense is this? The St. Louis Federal Reserve documented most inflation was due to profit seeking (gouging), not QE—that’s right wing libertarian drivel.
- dismalaf 2y agoProfit seeking is normal behaviour. The economic system normally keeps it in check through competition. If it's not kept in check it's because of the economic conditions.
- peterpost2 2y agoI've not seen the economic system keeping it in check through competition in my lifetime and I don't think it did historically.