As US edges closer to stagflation, economists blame Trump policies
As US edges closer to stagflation, economists blame Trump policies
www.theguardian.com
As US edges closer to stagflation, economists blame Trump policies
17 comments
-
-
Who are you going to believe, a bunch of economists who went to woke Universities, or Our Lord And Savior Donald Trump?
-
Wait, I'm in agreement with economists? That's a first.
-
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.
-
It's not so much the import tariffs (I'm all for import tariffs, but the money the government raises through them should be re-distributed to the people.)
It's the fact that the government and the rich keep siphoning wealth off the consumer class, through taxes (import tariffs) and as company profits. Obviously, the consumer class has less money that way, so consumerism stalls. And that's what damages the economy.
In other words, the government needs to redistribute the tax money to the consumers. Consumers should get handouts so the economy can keep running.
-
closer?
17 comments
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."
Yeah exactly. There's a bunch of stuff that counts towards the GDP that is actively sucking resources out of the economy. Health care is a good example of that: the most expensive system in the world, with outcomes that are near the bottom of the developed countries. But it's making a few people very rich, so you're not allowed to fix it.
Yeah but what you and the op ascribe to the Fed isn't accurate. They're in charge of monetary policy, not financial policy.
A lot of the issues with American society are due to financial policy which is the responsibility of Congress and the executive branch.
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.