Are you better off...

[Jacuzzme]

That’s like pretending the fat girl isn’t fat because she only gained 30 pounds this year instead instead of 100. She’s still responsible for blowing up her body, just like the Biden/Kamala are for blowing up the money supply. Slowing down the increase isn’t going to fix what they’ve fucked up, it’s going to require shrinking the government á la Milei to reverse it.

[1blackman1]

Originally Posted by farmstud60

The Biden/Harris Increase Inflation Act which it should have been called was definitely inflationary. I haven't seen an economist that says it wasn't inflationary.


It wasn't the only reason, but best guesses I've seen is that it increased inflation rate from maybe 4% to about 9%

Did that also increase inflation across Europe?

[texassapper]

Originally Posted by 1blackman1

Did that also increase inflation across Europe?

Are you unaware that Europe has their own currency which they too can inflate by issuing more unbacked notes?

[ICU 812]

Many of the world's commodities are traded in US Dollars. If the price of oil goes up, the price of other things do too regardless of what they are or where the transaction takes place. This is largely due to the higher cost of transportation and electricity.

It must be more complex than that, but that is my 5th grader explanation.

[VitaMan]

Some rabid Trump supporters have become millionaires during the last 4 years.


But they refuse to admit it.

[1blackman1]

Originally Posted by ICU 812

Many of the world's commodities are traded in US Dollars. If the price of oil goes up, the price of other things do too regardless of what they are or where the transaction takes place. This is largely due to the higher cost of transportation and electricity.

It must be more complex than that, but that is my 5th grader explanation.

It’s far more complex than that and your premise is wrong. OPEC and Russia have kept the price of oil high. We can’t add more oil to the market than we are currently to drive the price down in any significant way. Oil companies are not drilling to the extent they can because it’d decrease their profit margin, not because of anything the administration is doing. Oil executives have admitted this before congress.

Also, were they to begin to increase production OPEC would increase production preemptively to force US oil companies from continuing that increase as it would cause US firms to halt because they’d lose money(cost of production would be more than the return). And if US oil continued, they’d quickly lose money.

[TheDaliLama]

No

It’s cheaper to eat money

[The_Waco_Kid]

Originally Posted by VitaMan

Some rabid Trump supporters have become millionaires during the last 4 years.


But they refuse to admit it.

ok. i admit it, you got me.


bahahahaaa

[VitaMan]

Maybe I will upgrade from my Bayliner

[The_Waco_Kid]

Originally Posted by VitaMan

Maybe I will upgrade from my Bayliner

just don't name it the S.S. Minnow eh?







bhahahaaa

[Jacuzzme]

Only things that are meaningful are disposable income and peace vs war. Both were markedly better under Trump.