Sleepy Joe did it . Inflation raging . I saw 5 restaurants closed yesterday as no staff

[zghorner]

hate Biden but he is just continuing to add to a preexisting problem.

and yea inflation is real...everything it getting crazy expensive.

 

[piezoe]

Used car prices up 52% off lows last March .Consumer product CO’s raising prices 7-10% . Wages for menial jobs skying as few want to work as they make $600 a week sitting at home . I got a painting quote . Up 40% from last yr . 10’s of millions of low income people have huge cash and spending it . Sleepy Joe did what nobody’s been able to do in decades . Huge inflation here . Inflation is much about expectations. When people see all these price rises they raise there prices . It’s a vicious circle . And our drunken fed throwing gas on the fire

Ha ha. What sleepy Joe did is go to fifteen an hour without needing a single Republican Vote. Super clever. Now businesses will have to raise their pay or they won't be able to hire. Well done, sleepy Joe! And Yes there will be some inflation. But in the end, we will ALL be better off. The economy is going to take off like a rocket. This is what happens when you
put money on the demand side.

 

[Overnight]

Saw a story where McDonalds was paying people $50 to interview for jobs...

What?!? What states are this in??? I'll do that! I'll GLADLY get paid 50 bux to be interviewed for a job I know they will never give me.

 

[VicBee]

Inflation is the biggest scam on earth.

It is pure, "legal" robbery.

First thing i did after watching this was to look for debunks on the web... did you?

I'm no economist and have no monetary policy expertise, so right off the bat I knew I couldn't challenge his even simple explanations. But my alarm bells went off when he intimated that government is bad, gold is good and, by the way, I sell gold that you can buy from me with your worthless US dollar currency...

 

[newwurldmn]

Ha ha. What sleepy Joe did is go to fifteen an hour without needing a single Republican Vote. Super clever. Now businesses will have to raise their pay or they won't be able to hire. Well done, sleepy Joe! And Yes there will be some inflation. But in the end, we will ALL be better off. The economy is going to take off like a rocket. This is what happens when you
put money on the demand side.

that giant sucking sound is millions of jobs leaving the country.

 

[Tradex]

But my alarm bells went off when he intimated that government is bad

Hmmm.... let me think about that one.

gold is good.

Can you create gold out of thin air, like, say, US dollars (and create an ever ending inflation by doing so) ?

Never mind.

 

[VicBee]

Hmmm.... let me think about that one.

It's an American thing to hate government, something passed on from generation to generation and promoted by businesses who don't like government to interfere with their activities.

Can you create gold out of thin air, like, say, US dollars (and create an ever ending inflation by doing so) ?

Never mind.

Bitcoin is value created out of thin air, so yes.

 

[SammyJ]

House prices in March up 17% yr over yr . Rents skying . Much of this because no foreclosures were allowed . Many people renting have had their houses sold out from under them . You can’t print $10 trillion in a yr and much of it going to poor and middle class and not expect huge inflation.

 

[clacy]

If they wouldn’t have pumped money, basically all retail, restaurants and small services would have been wiped out and it’s the Great Depression 2.0.

The blame needs to be aimed at China for their bio attack and the Corona Bros who wanted everything shit down.

 

[VicBee]

House prices in March up 17% yr over yr . Rents skying . Much of this because no foreclosures were allowed . Many people renting have had their houses sold out from under them . You can’t print $10 trillion in a yr and much of it going to poor and middle class and not expect huge inflation.

I'm no economic expert, but if inflation is a result of too much money in the market, wouldn't additional taxes reduce inflation?