This is so disingenuous. Money already in the system flowing around doesn't create inflation. PRINTING MONEY creates inflation. The rampant inflation we've been seeing has been the trickle-down effect of the ridiculous amounts of money spent during COVID diffusing into the economy. so long as the Fed keeps printing money at an insane rate, and so long the government keeps deficit spending so much that they require said printing, nothing will be fixed.
This is perfectly normal inflation protection protocol. The higher unemployment makes people less likely to ask for higher wages, knowing they can't just leave.
The idea is to slow down the pace of wage growth before it catches up to inflation and solidifies the price increases.
Meanwhile, shit keeps going up thanks to companies destroying their product in order to create an artificial scarcity. Chickens/eggs is a great example. Claim there is massive bird flu because a couple birds a county over got it, boom, destroy the entire fucking farm.
That's a legal thing. If they didn't destroy it and someone got bird flu from consuming it, they would be legally liable under WHO protocol, as well as the local equivalent.
That's why you quarantine the farm. They did it in the past, and it wasn't even the entire farm. They would destroy the birds in the infected sheds, and quarantine the ones next to it. No sign of bird flu after a certain amount of time and no positive tests, the flocks were spared.
And, legally, they don't have to do even that much. There's no cases of it having jumped from birds to people. Ever. This is just overly cautious bullshit from the time of Jimmy Carter era fear-mongering.
That's why you quarantine the farm. They did it in the past, and it wasn't even the entire farm. They would destroy the birds in the infected sheds, and quarantine the ones next to it.
That makes the most sense, but CDC rules are probably far tougher now because Walensky gets wet from abusing her power.
There's no cases of it having jumped from birds to people.
Or you could do a Paul Volcker and put interest rates above the inflation rate. Oh, but that would bankrupt the government just servicing the debt. Recession it is, then.
This is so disingenuous. Money already in the system flowing around doesn't create inflation. PRINTING MONEY creates inflation. The rampant inflation we've been seeing has been the trickle-down effect of the ridiculous amounts of money spent during COVID diffusing into the economy. so long as the Fed keeps printing money at an insane rate, and so long the government keeps deficit spending so much that they require said printing, nothing will be fixed.
...THAT WE TOTALLY SAID WOULDN'T HAPPEN."
Archive links:
https://archive.is/GLzN6
https://nitter.1d4.us/BloombergTV/status/1611378107654488065
this scum lecturing from a tropical paradise
This is perfectly normal inflation protection protocol. The higher unemployment makes people less likely to ask for higher wages, knowing they can't just leave.
The idea is to slow down the pace of wage growth before it catches up to inflation and solidifies the price increases.
Meanwhile, shit keeps going up thanks to companies destroying their product in order to create an artificial scarcity. Chickens/eggs is a great example. Claim there is massive bird flu because a couple birds a county over got it, boom, destroy the entire fucking farm.
That's a legal thing. If they didn't destroy it and someone got bird flu from consuming it, they would be legally liable under WHO protocol, as well as the local equivalent.
That's why you quarantine the farm. They did it in the past, and it wasn't even the entire farm. They would destroy the birds in the infected sheds, and quarantine the ones next to it. No sign of bird flu after a certain amount of time and no positive tests, the flocks were spared.
And, legally, they don't have to do even that much. There's no cases of it having jumped from birds to people. Ever. This is just overly cautious bullshit from the time of Jimmy Carter era fear-mongering.
That makes the most sense, but CDC rules are probably far tougher now because Walensky gets wet from abusing her power.
The UK had a few. IIRC they survived.
Or you could do a Paul Volcker and put interest rates above the inflation rate. Oh, but that would bankrupt the government just servicing the debt. Recession it is, then.