I'm surprised there's not an inflation thread yet
POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, June 11, 2026 17:04
VIEWED: 37356
PAGE 22 of 84
And it doesn't matter.
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Thinking about inflation leads to more inflation
Inflationary psychology is when:
1. Consumers speed up purchases or seek higher salaries because they believe prices will rise in the future
2. Businesses raise prices in anticipation that costs will go up in the future
In his 1971 State of the Union, Richard Nixon noted that inflationary psychology had “gripped our nation so tightly for so long.”
Nixon tried to stop inflationary psychology by instituting wage and price controls, but his plan failed. His successor, Gerald Ford, organized the Whip Inflation Now campaign, urging disciplined spending habits and personal savings. That didn’t work, either.
This cycle of inflation, which started in 1965, didn’t end until the early ’80s, when then-Federal Reserve Chair Paul Volcker increased interest rates from ~10% to ~20%, crashing the economy into a recession in the process.
“Every administration thought they had power to end inflation but they really didn’t,” Curtin said. “And I think now you can see that same sense of overconfidence in the ability of the government to control inflation.”
https://thehustle.co/why-thinking-about-inflation-leads-to-more-inflat
ion/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Maybe we can convert cars to run on Arizona Iced Tea.
It's a better idea than Electric Cars, anyhow.
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This thread title just seems weird.
Everybody else spells it Bidenflation.
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It's Biden's fault! Or not, since this happened in Germany today: The price of goods leaving German factories has passed an eye-watering milestone.
German annual producer price inflation topped 30% in March, the country’s Federal Statistics Office said on Wednesday. That’s its highest level since the agency began collecting data 73 years ago.
The biggest culprit? Energy prices, which rose nearly 84% from the same month last year.
“Mainly responsible for the high rise of energy prices were the strong price increases of natural gas… which was up 144.8% on March 2021,” the statistics office said in a statement.
https://www.cnn.com/2022/04/20/economy/germany-inflation-producer-pric
es-record/index.html
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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No.
It's Biden*'s fault.
Using another extreme Leftist Government that is in lock step with US Democrat cancer to prove your nonsense would be ill advised going forward.
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Quote:You remind me why you have almost no money. There are two sides to every transaction involving money and if you don't understand both sides, you are gonna get screwed in that transaction. It is absolutely clear that most Americans do NOT understand the rich person on the other side of transactions. That works to the profitable advantage of the other side, the rich man's side. But when it is two poor men making a deal, both are likely to end up worse than they were before the deal. Poor men make bad deals without being aware of how much better they could have done with some accurate knowledge of the other side in the deal.
Originally posted by 6IXSTRINGJACK:
No.
It's Biden*'s fault.
Using another extreme Leftist Government that is in lock step with US Democrat cancer to prove your nonsense would be ill advised going forward.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Quote:
Originally posted by second:Quote:You remind me why you have almost no money. There are two sides to every transaction involving money and if you don't understand both sides, you are gonna get screwed in that transaction. It is absolutely clear that most Americans do NOT understand the rich person on the other side of transactions. That works to the profitable advantage of the other side, the rich man's side. But when it is two poor men making a deal, both are likely to end up worse than they were before the deal. Poor men make bad deals without being aware of how much better they could have done with some accurate knowledge of the other side in the deal.
Originally posted by 6IXSTRINGJACK:
No.
It's Biden*'s fault.
Using another extreme Leftist Government that is in lock step with US Democrat cancer to prove your nonsense would be ill advised going forward.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
Don't bother using my financial position to win any arguments either.
I've got more than enough money.
If our country ran a budget like I do, we'd cancel out the national debt and the entire world would be indebted to us in 20 years.
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ConocoPhillips’ profits soared in the first three months of the year, driven by high crude prices, record production and two key acquisitions in the Permian Basin. But mostly because customers were gouged at the gas pump so blame Biden.
ConocoPhillips, one of the world’s biggest independent oil and gas companies, said its profits increased nearly six times from same period a year earlier, surging to $5.8 billion from $1 billion in the first quarter of 2021. Revenues nearly doubled to $19.3 billion from $10.6 billion in 2021.
“We’re running well, and with very strong financial performance,” CEO Ryan Lance told investors in Thursday’s quarterly earnings call. “Now building on two very successful Permian transactions, we have truly transformed ConocoPhillips.” Not said: We will continue gouging our customers so long as they have money for gasoline. People who vote for Trump cannot understand this simple business strategy, instead believing that it must be Biden's fault, not ConocoPhillips operating to extract the maximum dollars per tank of gasoline.
https://web.archive.org/web/20220505121037/https://www.houstonchronicl
e.com/business/energy/article/ConocoPhillips-is-the-latest-oil-supermajor-to-17149782.php
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
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Uh huh.
Democrats have the House, the Senate and the Presidency*.
What are they doing about it?
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