BlutoSays wrote:Hey, let me correct you on something right now. Don't for a minute believe anyone has to have a degree in economics to understand economics. It's like saying only a constitutional lawyer can understand the Constitution. It's absolute BS.
I did not say anyone has to have a degree in economics to understand economics. However, it feels like you understand very little so I merely suggested you go read up on economics and study it on your own. I did not say you should study at a university or college.
Saying it's complicated is like saying I'm searching for an excuse for poor performance.
Not really. Saying it's not complicated to me is like saying, inflation is easy as pie. I don't believe that for a minute. Inflation is an issue that has been plaguing so many administrations and it gets worse or better each year, it fluctuates. Inflation can be unstable like the NYSE.
The Fed can unleash inflation. So can the congress through bad policy and enabled by presidents.
The Fed regulates interest rates. Inflation is not unleashed. It's a result of market behavior - demand and supply as others in this thread have mentioned. You have not been paying attention.
Democrats today are believers. They are not thinkers. They believe a premise and then they push policy to make it happen, regardless of how nonsensical the premise is. They tout SCIENCE when they're in favor of just the opposite. They politicize science and then call it SCIENCE. Then they label it "settled science" to quell any challenges. That should make your antennae go up right there. It's just more democrat BS. The whole DNC is formed around BS ideologies.
At least Democrats believe in Science. Republicans deny that science exists.
Inflation is something you want to keep low. Like one to two percent. When people have been saying if you keep juicing the printer, eventually it's going to come back to haunt, they have an idea of the outcomes just from past history. That's what you get with democrats - endless printing. They wanted endless money because everyone "deserved" a house and that caused a crisis back in 2007/2008, but the setup was a decade in the making by democrats. And right up until the SHTF, Maxine Waters, Barney Frank, Franklin Raines and the entire DNC said there is no problem. Well there was, thanks to their shenanigans.
Do you understand why more money has to be printed? Maybe it has to do with the national debt, hmm? The US is spending money that it doesn't technically have. Have you heard that China owns a sizable chunk of the US national debt? I think it was Bush Jr who created over a trillion dollar national debt because he wanted the Iraq war and the war in Afghanistan, as if one war is not enough.
Currency gets its value from rarity. When you endlessly create it, of course you get inflation because you make it less rare, hence you lower its value.
Wasn't it a Republican who made it so that the dollar was no longer backed by gold? That will also lower the value of currency.
Things are NOT becoming more expensive. What's happening are dollars are becoming worth less and less.
I paid more to get my driver's license renewed last month, ten dollars more. People are paying more to fill their gas tank. A gallon of milk costs more than it did in the 90s. Prices have definitely shot up.