I once knew a furry that was really into stagflation
Oofty doofty.
The cost of living crisis is going to deepen.
It’s certainly the case that at least some – maybe most – inflation was caused by a combination of corporate greed, and supply chain disruptions. Those are no longer the causes.
We have moved forward with these stupid taco tariffs that make imported food more expensive, while simultaneously cracking down on brown people who work in the domestic food industry.
Going forward, the $15 bananas are going to be a product of 100-level macro economics course issues. Supply goes down, and demand stays the same…prices go up.
closer?
Trump policies are just taking the mask off of previous fed policies at a faster rate. Wealth effect nonsense to fake a healthy economy eventually comes due.
Trump is hyper focused on asset inflation because he’s a moron who is literally incapable of seeing a bigger picture, but Powell and every previous administration have been doing the same damn things since before 2008 that increased income inequality and further divorced the actual productive economy from “the economy.”
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I’d say the same if you believe quantitative easing and low interest rates to increase asset prices were helping the productive economy in any real way and wouldn’t eventually lead to stagflation. Winter has always been coming.
Who knows what they believe. They’re just throwing out arrogant, condescending insults for no reason.
You’re 100% correct; and I’m always mildly surprised at how many lemmings downvote anyone who dares criticize the Fed’s playbook: a decade-plus of near-zero interest rates, endless quantitative easing, and asset purchases that inflated the markets while wages stagnated. These policies weren’t accidents, they were deliberate tools to keep wealth flowing upward while the rest of us were told to be patient, grateful, and “fiscally responsible.”
During the pandemic, the Fed granted itself the right to buy ETFs if I recall correctly.
Who are you going to believe, a bunch of economists who went to woke Universities, or Our Lord And Savior Donald Trump?
Next news item:
Evil left wing Economists jailed in El Salvador for planning terrorist ploy
