Bidenomics study: 62% of Americans living paycheck to paycheck during holiday season

[desecration]

Political economists will have a much different take.

Political economists just want to justify more tax-spend-tax cycles. That's how political economists get paid!

 

[JoePepsiCo]

True enough...

There's more money (prestige/positions) available when you say what the political class wants to hear.

 

[desecration]

There's more money (prestige/positions) available when you say what the political class wants to hear.

Say what the current research says, which is what gets government grants, and you will get promoted to the head of the class.

 

[JoePepsiCo]

In too many academic fields...

Their alumni are too busy donating to politics to spare them a dime.

 

[desecration]

Academics like governments tend to get high on their own supply.

They never see the collapse coming...

 

[JoePepsiCo]

Ludwig von Mises did and was denigrated and then they ran to him to correct their errors (embryonic MMT).

Still, after the recovery (which used methods Mises eschewed) they gravitated back to MMT.
Government cannot resist the allure of free money.

And so we repeat the cycle...


Source: The Last Knight of Liberalism, Jörg Guido Hülsmann

 

[desecration]

Government cannot resist the allure of free money.

Neither can the voters.

They ignore the grim fact that Austrian-style economics seems to explain markets the best, and markets work better than the alternatives.

 

[desecration]

US economic growth slows to 1.6% in first quarter

 

[desecration]

Energy prices going up:

US announces sweeping cuts to power sector carbon emissions

 

[desecration]

Signs of a dying empire:

US births fell last year, marking an end to the late pandemic rebound: experts

 

[desecration]

Stagflation:

Lingering Inflation Will Test America's Economy

 

[BabyBoomer50s]

US economic growth slows to 1.6% in first quarter

33% miss on GDP expectations is pretty significant. Good day to be shopping for Treasuries tho!

 

[Rotadom]

That's akin to saying, he was the last soul on the Titanic to drown...

Not even close.

"Strong" is a subjective and relative term that is easily debated.

See above. Quit excusing your partisan ignorance.

 

[MajorRewrite]

Signs of a dying empire:

US births fell last year, marking an end to the late pandemic rebound: experts

“Experts”

Falling birth rates are a good thing.

High birth rates = poverty stricken nations.

Low birth rates = economically successful nations.

 

[JoePepsiCo]

Low birth rates are symptomatic of wealth and leisure.

History demonstrate that this leads to a "mostly peaceful" influx from high birth rates...

Now, "good thing" is a subjective valuation based upon the perspective of either the looter or the looted.

 

[DeluxAuto]

The US makes up 26% of the World's economy - the highest percentage is two decades.

 

[Sean Renaud]

Low birth rates are symptomatic of wealth and leisure.

History demonstrate that this leads to a "mostly peaceful" influx from high birth rates...

Now, "good thing" is a subjective valuation based upon the perspective of either the looter or the looted.

Its not a symptom of wealth and leasure. Its a luxury of being able to mostly guarantee the success of your kids. You see the exact same trend in animals. Big powerful animals have one kid every few years and stay with them for a long time but once they get past a certain age they are functionally invincible.

No need to put mostly peaceful in quotes. For starters there isn't a lot of history to look at to confirm or deny this. In the US the violence has almost always been primarily from the majority. And objectively we are still the looters. Something the Right is fully aware of when talking about green energy. At least green energy is a good thing, odd how you guys don't give a single shit about how we get diamonds. Which most of what we import isn't used for industrial purposes. Obviously diamonds aren't JUST pretty but still.

 

[desecration]

Ronald Reagan’s failed assassin calls NYC a ‘cesspool of crime’ after cancelling Manhattan folk gig

Hinckley had a vision?

 

[desecration]

Carter-style Stagflation:

The Return of Stagflation?

And this is interesting -- how to measure a recession:

There is no hard and fast definition of a recession. The term "technical recession" is widely used to refer to a period with two consecutive quarters of negative real growth in gross domestic product. By this measure, New Zealand entered a recession at the end of last year.

But many economists prefer the alternative definition from the National Bureau of Economic Research (NBER) in the United States: a recession is "the period between a peak of economic activity and its subsequent trough, or lowest point."

Technical recessions and recessions meeting the NBER criteria do not always coincide.

https://phys.org/news/2024-04-inflation-recession-years-nz.html

 

[Fuzzy1975]

Doing what jobs? Great, more food service.

You should get out more and check out the job advertisements.

Because the currency has lost value.

Lost value against what?

https://www.statista.com/statistics/1404145/us-dollar-index-historical-chart/

With rising cost of living, this is normal but not good.

WTF do you mean? Less Americans are now living pay cheque to pay cheque in 2024 than in 2018. That is an undeniable fact, and you have now admitted things are even better since the percentage is dropping even while the COL is rising.

Stick to your Chernosth alt, there is no need to be labelled an idiot twice.

 

[desecration]

The Democrats' Plan To Steal the Presidency for Good

 

[Sean Renaud]

The Democrats' Plan To Steal the Presidency for Good

Nothing against the rules by that. This is the problem with the Constitution. Its so hard to change the correct way we just work our way around it. Why aren't you crying about how many votes California is already robbed of? You know if the system wasn't 100% rigged in your favor you'd NEVER WIN cus you're such a minority position right?

 

[desecration]

 

[Sean Renaud]

Wow funny. Conservatives are just mean people. What the fuck. My father didn't hug me enough growing up either but you don't see me just being a complete ass hat for no fucking reason at all.

 

[desecration]

Conservatives are just mean people.

Nature is mean. We are just realistic. Also, most people are delusional and will do nothing but drag others down. We simply recognize this. The bell curve is not a human construct.