Demand up/Supply down = inflation...basic economics...not anyone's fault

[WillJ8787]

Source:https://www.forbes.com/advisor/investing/inflation-worries/

Biden didn't cause it, nor did Humpty Dumpty.after his great fall.

It's the sign the economy is roaring back and outpacing demand...the lingering affects of the pandemic.

It will subside but not in the short run. The summer is going to be pricy for those trying to spend money.

For the rest of us...not so.

 

[CCorteeze]

It's the Democrats' Fault

Source:https://www.forbes.com/advisor/investing/inflation-worries/

Biden didn't cause it, nor did Humpty Dumpty.after his great fall.

It's the sign the economy is roaring back and outpacing demand...the lingering affects of the pandemic.

It will subside but not in the short run. The summer is going to be pricy for those trying to spend money.

For the rest of us...not so.

Wrong.

Supply is down because people are not returning to work, especially those in the logistics sector, as last Friday's pathetic job reports show.

The BLS reports there are 8 million available jobs right now, and 8 million people who were working before the lockdowns who have not yet returned to work.

Surveys show people are not returning to work for two reasons:

1. They cannot go to work because their children are in full virtual or hybrid learning. This is the fault of left-wing school boards and city governments, pretty much all Democrats, keeping the schools fully or partly closed in many high population areas.

2. They choose to stay at home because they are making as much or more on expanded unemployment benefits than they would make returning to their jobs. (On average across the USA, people on unemployment are recieving in enhanced benefits the equivalent income of a full time job at $17.35 per hour. In high population states like New York, this figure is much higher.) There is both survey data and widespread anecdotal evidence in various news stories from both conservative and liberal news outlets confirming that people are staying home for this reason. Who is responsible for these huge benefits to people who could and would otherwise return to work? Democrats.

Also, inflation is up in large part because energy costs have nearly doubled since last November. This is due to the commodities markets responding to the current administration's overly hostile attitude towards fossil fuels. Again, that's Democrats.

 

[Dribble]

This is not true inflation. Companies are making money hands over fist. But what they also did is cut back in production from the covid bailout. No production...no products...increase in demand...prices rise. Nothing taxing these companies won't fix. Econ 101

 

[Dribble]

Wrong.

Supply is down because people are not returning to work, especially those in the logistics sector, as last Friday's pathetic job reports show.

The BLS reports there are 8 million available jobs right now, and 8 million people who were working before the lockdowns who have not yet returned to work.

Surveys show people are not returning to work for two reasons:

1. They cannot go to work because their children are in full virtual or hybrid learning. This is the fault of left-wing school boards and city governments, pretty much all Democrats, keeping the schools fully or partly closed in many high population areas.

2. They choose to stay at home because they are making as much or more on expanded unemployment benefits than they would make returning to their jobs. (On average across the USA, people on unemployment are recieving in enhanced benefits the equivalent income of a full time job at $17.35 per hour. In high population states like New York, this figure is much higher.) There is both survey data and widespread anecdotal evidence in various news stories from both conservative and liberal news outlets confirming that people are staying home for this reason. Who is responsible for these huge benefits to people who could and would otherwise return to work? Democrats.

Also, inflation is up in large part because energy costs have nearly doubled since last November. This is due to the commodities markets responding to the current administration's overly hostile attitude towards fossil fuels. Again, that's Democrats.

Wrong. I suggest you listen to the NPR segment on this. But you won't. So be stupid

 

[LukSkyFokker]

Wrong.

Supply is down because people are not returning to work, especially those in the logistics sector, as last Friday's pathetic job reports show.

The BLS reports there are 8 million available jobs right now, and 8 million people who were working before the lockdowns who have not yet returned to work.

Surveys show people are not returning to work for two reasons:

1. They cannot go to work because their children are in full virtual or hybrid learning. This is the fault of left-wing school boards and city governments, pretty much all Democrats, keeping the schools fully or partly closed in many high population areas.

2. They choose to stay at home because they are making as much or more on expanded unemployment benefits than they would make returning to their jobs. (On average across the USA, people on unemployment are recieving in enhanced benefits the equivalent income of a full time job at $17.35 per hour. In high population states like New York, this figure is much higher.) There is both survey data and widespread anecdotal evidence in various news stories from both conservative and liberal news outlets confirming that people are staying home for this reason. Who is responsible for these huge benefits to people who could and would otherwise return to work? Democrats.

Also, inflation is up in large part because energy costs have nearly doubled since last November. This is due to the commodities markets responding to the current administration's overly hostile attitude towards fossil fuels. Again, that's Democrats.

You have some of the right words but hardly any of the right conclusions.

 

[Lazaran]

Wrong.

Supply is down because people are not returning to work, especially those in the logistics sector, as last Friday's pathetic job reports show.

The BLS reports there are 8 million available jobs right now, and 8 million people who were working before the lockdowns who have not yet returned to work.

Surveys show people are not returning to work for two reasons:

1. They cannot go to work because their children are in full virtual or hybrid learning. This is the fault of left-wing school boards and city governments, pretty much all Democrats, keeping the schools fully or partly closed in many high population areas.

2. They choose to stay at home because they are making as much or more on expanded unemployment benefits than they would make returning to their jobs. (On average across the USA, people on unemployment are recieving in enhanced benefits the equivalent income of a full time job at $17.35 per hour. In high population states like New York, this figure is much higher.) There is both survey data and widespread anecdotal evidence in various news stories from both conservative and liberal news outlets confirming that people are staying home for this reason. Who is responsible for these huge benefits to people who could and would otherwise return to work? Democrats.

Also, inflation is up in large part because energy costs have nearly doubled since last November. This is due to the commodities markets responding to the current administration's overly hostile attitude towards fossil fuels. Again, that's Democrats.

Agreed. The country must capitulate to the wage slavers and fossil fuel climate destroyers or else. Seems reasonable.

I for one, don't begrudge low wage earners getting a little gravy after decades of stagnant wages, and I also don't mind the fossil fuel industry finally being held accountable for profiteering at the expense of the environment and people's health.

Coincidentally, the rich got obscenely richer over the past four years, but any attempt to recoup some of the wealth accrued from Covid profiteering and tax cuts for the wealthy and corporations is an outrageous attack on the American Dream. GMAFB

The push to return to the pre-pandemic disrespect for frontline workers and the environment is already in full swing. Unfortunately, the pandemic is far from over, and anti-vaxxers are extending the crisis. The situation won't be resolved until people are confident that Covid is really dead, and doesn't pull another Jason Voorhees. In the meantime, the cost of living is going up.

 

[Rightguide]

Source:https://www.forbes.com/advisor/investing/inflation-worries/

Biden didn't cause it, nor did Humpty Dumpty.after his great fall.

It's the sign the economy is roaring back and outpacing demand...the lingering affects of the pandemic.

It will subside but not in the short run. The summer is going to be pricy for those trying to spend money.

For the rest of us...not so.

It is when President Dipshit orders a halt to oil drilling, shuts down pipelines, and sits on his butt while piss ant hackers shut down another, creating gasoline shortages, along with an expectation of future shortages.

Oh BTW, an increasing demand against a short supply means high prices, which isn't the same as "Inflation." Inflation occurs when the government prints money, which is not created by the production and sale of new goods or services, and puts it into circulation.

So as a result of this "inflation" you have much more additional money chasing the same amount of goods and services. Which the market then has to increase prices in order to recapture the lost value created by the devaluation of existing currency in circulation due to the aforementioned "inflation" of the currency.

 

[SyLent]

Carter*Biden

 

[icanhelp1]

Wrong.

Supply is down because people are not returning to work, especially those in the logistics sector, as last Friday's pathetic job reports show.

The BLS reports there are 8 million available jobs right now, and 8 million people who were working before the lockdowns who have not yet returned to work.

Surveys show people are not returning to work for two reasons:

1. They cannot go to work because their children are in full virtual or hybrid learning. This is the fault of left-wing school boards and city governments, pretty much all Democrats, keeping the schools fully or partly closed in many high population areas.



2. They choose to stay at home because they are making as much or more on expanded unemployment benefits than they would make returning to their jobs. (On average across the USA, people on unemployment are recieving in enhanced benefits the equivalent income of a full time job at $17.35 per hour. In high population states like New York, this figure is much higher.) There is both survey data and widespread anecdotal evidence in various news stories from both conservative and liberal news outlets confirming that people are staying home for this reason. Who is responsible for these huge benefits to people who could and would otherwise return to work? Democrats.

Also, inflation is up in large part because energy costs have nearly doubled since last November. This is due to the commodities markets responding to the current administration's overly hostile attitude towards fossil fuels. Again, that's Democrats.

Don’t forget over 1 trillion dollars in personal savings accounts while the government floods the market with cash, people can spend while unemployment remains high and businesses can’t keep up with supply due to excessive demand. Failure to order teachers back to work on top of government competing with businesses, excessive unemployment benefits fueling higher unemployment numbers killing any incentives to return to work. Biden is committing national suicide.

Dems don’t care, this is what happens when policies are centered around giving away free shit.

Now we have the worst foreign policies since Carter.

Energy independence is now a thing of the past, yeah!!

 

[YDB95]

Don’t forget over 1 trillion dollars in personal savings accounts while the government floods the market with cash, people can spend while unemployment remains high and businesses can’t keep up with supply due to excessive demand. Failure to order teachers back to work on top of government competing with businesses, excessive unemployment benefits fueling higher unemployment numbers killing any incentives to return to work. Biden is committing national suicide.

Dems don’t care, this is what happens when policies are centered around giving away free shit.

Now we have the worst foreign policies since Carter.

Since you want so badly to see people return to work, no matter how dangerous it may be, tell me, do you support a living wage?

Oh, and Biden has no means to force teachers back to work. Schools are run by the states. And just maybe we ought to put the kids' safety first, huh?

 

[Champakian]

It is when President Dipshit orders a halt to oil drilling, shuts down pipelines, and sits on his butt while piss ant hackers shut down another, creating gasoline shortages, along with an expectation of future shortages.

Oh BTW, an increasing demand against a short supply means high prices, which isn't the same as "Inflation." Inflation occurs when the government prints money, which is not created by the production and sale of new goods or services, and puts into circulation.

So as a result of this "inflation" you have much more additional money chasing the same amount of goods and services. Which the market ten has to increase prices to recapture the lost value created by the devaluation of existing currency in circulation due to aforementioned "inflation" of the currency.

Exactly.

 

[icanhelp1]

Since you want so badly to see people return to work, no matter how dangerous it may be, tell me, do you support a living wage?

Oh, and Biden has no means to force teachers back to work. Schools are run by the states. And just maybe we ought to put the kids' safety first, huh?

Follow the science. Strawman’s argument, people are working everywhere.

Stop funding states that refuse to take action, putting kids back in school with stopping fed funding till teachers get back to work, use a little Reaganism type tactics don’t pay teachers for staying out of work.

 

[Champakian]

Living wage...


LOL


Someone doesn't understand the driving force(s) behind inflation.

 

[icanhelp1]

Living wage...


LOL


Someone doesn't understand the driving force(s) behind inflation.

Personal accountability and choice are antithetical to Marxism.

 

[Champakian]

Personal accountability and choice are antithetical to Marxism.

That's just something old white people and Uncle Toms say...

 

[Champakian]

I.e., Marxism always gives you two choices...



The right way and the gulag way.

 

[WillJ8787]

It is very interesting.to see how so many folks applied partisan beliefs to the causes of inflation that we are experiencing.

Hmmm?

Inflation isn't a partisan issue.

 

[WillJ8787]

This is not true inflation. Companies are making money hands over fist. But what they also did is cut back in production from the covid bailout. No production...no products...increase in demand...prices rise. Nothing taxing these companies won't fix. Econ 101

Please define "true inflation"?

 

[Champakian]

Inflation is an expansion of the money supply.

A commodity's rise in price due to increased demand is not inflation.
This is because increased demand on a commodity results in increased production
which then drives the price (and demand, as the consumer is sated) down.

Inflation, by fiat money, is what a government does to produce artificial demand
for all goods and services, but only results in higher prices. Bastiat 101.

 

[WillJ8787]

There has been no expansion "printing" of money...so how do you explain the inflation under your definition?

Seems like another force is at work?

 

[Fuzzy1975]

Please define "true inflation"?

Inflation is a term used to describe the decline of purchasing power. That is the drilled down meaning.

There are now two main types of Inflation as economic concepts, Monetary Inflation, and Price Inflation.

Right now the US( and the rest of the G7 nations) are experiencing Price Inflation, mostly due to the misjudgement of supply chain managers of the past 16 months or so, surrounding the forecasting of product supply delivery requirements during the Pandemic.

This type of Inflation is usually short lived, and will not result in a true monetary imbalance. Though, if the supply chain lags too much, it could lead to Monetary Inflation, which would lead to higher overall interest rates, and given the current debt levels around the world....this could become scary.....

 

[CornusKousa]

Source:https://www.forbes.com/advisor/investing/inflation-worries/

Biden didn't cause it, nor did Humpty Dumpty.after his great fall.

It's the sign the economy is roaring back and outpacing demand...the lingering affects of the pandemic.

It's not the lingering affects of the pandemic.

It's the lingering affects of spending trillions and trillions of dollars you don't have.

It will subside but not in the short run.

No, it won't, the already devalued dollar was MASSIVELY devalued this past year.

The summer is going to be pricy for those trying to spend money.

For the rest of us...not so.

LOL...***** is about to get shitty for those who have money and don't hide it in real assets who's value isn't attached to Washington DC and it's spend-A-thon.

Anyone holding liquid or don't have money (or even debt for one of those real value assets) is going to get ultra fucked for years to come.

There has been no expansion "printing" of money.

LOL.....are you seriously denying the Trump/Biden spending spree???

Do you know how much we've spent in 4.3 years??? That's "printing" money and devaluing the dollar.

 

[Champakian]

But they have been printing money in the name of Covid relief.

That is where inflation will come into play.
Too many dollars chasing too few goods.

I recommend Bastiat, Hayek and von Mises
to further your understanding of basic economics.

 

[Fuzzy1975]

It is very interesting.to see how so many folks applied partisan beliefs to the causes of inflation that we are experiencing.

Hmmm?

Inflation isn't a partisan issue.

Well, I am just waiting for our resident sociopath to post in this thread. Icant and spearechucker already have. Once he does, then we will have the witnessed the trifecta of economic ignorance in full bloom....


Seems he has posted....*chuckles*

 

[Champakian]

...
LOL...***** is about to get shitty for those who have money and don't hide it in real assets who's value isn't attached to Washington DC and it's spend-A-thon.

Anyone holding liquid or don't have money (or even debt for one of those real value assets) is going to get ultra fucked for years to come.

HIDE YOUR MONEY everyone, (D)'s are in charge.

Those closest to a true inflation are the only ones who benefit,
and that certainly isn't the working person...