I'm surprised there's not an inflation thread yet
POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, June 11, 2026 17:04
VIEWED: 37356
PAGE 60 of 84
Quote:If consumers are not suffering then sellers have not raised their prices high enough because the winning strategy in the sellers-versus-buyers game/contest/war is for the sellers to take all the buyers' money. Sellers are winning the contest. But if you think the government sets prices rather than sellers then it is not the sellers' fault that buyers suffer. Hint: sellers tell buyers it is the government's fault. For some reason, buyers believe sellers even when sellers are cheating buyers out of every penny they have.
Originally posted by 6IXSTRINGJACK:
GALLUP: Three in five Americans, 61%, say recent price increases have caused financial hardship for their household, marking a six-percentage-point increase from the last reading in November 2022 and the highest since 2021 when Gallup first tracked this measure.
A relatively steady 15% of U.S. adults say the hardship created by inflation is “severe” and affects their ability to maintain their current standard of living, while 46% say it is “moderate” but does not jeopardize their standard of living.
https://news.gallup.com/poll/505928/say-inflation-causing-financial-ha
rdship.aspx
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by second:Quote:If consumers are not suffering then sellers have not raised their prices high enough because the winning strategy in the sellers-versus-buyers game/contest/war is for the sellers to take all the buyers' money. Sellers are winning the contest. But if you think the government sets prices rather than sellers then it is not the sellers' fault that buyers suffer. Hint: sellers tell buyers it is the government's fault. For some reason, buyers believe sellers even when sellers are cheating buyers out of every penny they have.
Originally posted by 6IXSTRINGJACK:
GALLUP: Three in five Americans, 61%, say recent price increases have caused financial hardship for their household, marking a six-percentage-point increase from the last reading in November 2022 and the highest since 2021 when Gallup first tracked this measure.
A relatively steady 15% of U.S. adults say the hardship created by inflation is “severe” and affects their ability to maintain their current standard of living, while 46% say it is “moderate” but does not jeopardize their standard of living.
https://news.gallup.com/poll/505928/say-inflation-causing-financial-ha
rdship.aspx
Oh. Okay.
They just didn't figure any of this out until after Trump was cheated in the 2020 election through en masse mail-in-fraud ballots.
Got it.
--------------------------------------------------
Growing up in a Republic was nice... Shame we couldn't keep it.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:The government can do one thing: either enrich or impoverish the buyers. The sellers will adjust their prices to their best advantage, either raising prices faster when buyers have more money or raising prices slower when buyers have less money because the economy crashed. See 2008 for how the government can crash the economy by allowing the rich to behave however they please.
Originally posted by 6IXSTRINGJACK:
Oh. Okay.
They just didn't figure any of this out until after Trump was cheated in the 2020 election through en masse mail-in-fraud ballots.
Got it.
A guide to the financial crisis — 10 years later By Renae Merle, September 10, 2018
https://web.archive.org/web/20230430102223/https://www.washingtonpost.
com/business/economy/a-guide-to-the-financial-crisis--10-years-later/2018/09/10/114b76ba-af10-11e8-a20b-5f4f84429666_story.html
But inflation did decrease for a little while after 2008. So, there is that "benefit" to crashing the economy.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by second:Quote:The government can do one thing: either enrich or impoverish the buyers. The sellers will adjust their prices to their best advantage, either raising prices faster when buyers have more money or raising prices slower when buyers have less money because the economy crashed. See 2008 for how the government can crash the economy by allowing the rich to behave however they please.
Originally posted by 6IXSTRINGJACK:
Oh. Okay.
They just didn't figure any of this out until after Trump was cheated in the 2020 election through en masse mail-in-fraud ballots.
Got it.
A guide to the financial crisis — 10 years later By Renae Merle, September 10, 2018
https://web.archive.org/web/20230430102223/https://www.washingtonpost.
com/business/economy/a-guide-to-the-financial-crisis--10-years-later/2018/09/10/114b76ba-af10-11e8-a20b-5f4f84429666_story.html
But inflation did decrease for a little while after 2008. So, there is that "benefit" to crashing the economy.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly
This only happens when those poor Democrats are in power.
Damn you big corporations!!!!
Get fucked, moron. Your party caused all of this.
--------------------------------------------------
Growing up in a Republic was nice... Shame we couldn't keep it.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:You know, 6ix, inflation would have stayed very low for a very long time if the government had not rescued the economy with bailouts in 2009. For example, Republicans wanted General Motors to remain bankrupt, but the Democrats bailed it out to spite the Republicans, saving a half million jobs. The Republicans raged against the unfairness of a bailout. But if all those GM employees, suppliers, and owners of GM vehicles had been left to struggle, it would have kept inflation very low for a long time because sellers can't raise prices when buyers have no money.
Originally posted by 6IXSTRINGJACK:
This only happens when those poor Democrats are in power.
Damn you big corporations!!!!
Get fucked, moron. Your party caused all of this.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by second:Quote:You know, 6ix, inflation would have stayed very low for a very long time if the government had not rescued the economy with bailouts in 2009. For example, Republicans wanted General Motors to remain bankrupt, but the Democrats bailed it out to spite the Republicans, saving a half million jobs. The Republicans raged against the unfairness of a bailout. But if all those GM employees, suppliers, and owners of GM vehicles had been left to struggle, it would have kept inflation very low for a long time because sellers can't raise prices when buyers have no money.
Originally posted by 6IXSTRINGJACK:
This only happens when those poor Democrats are in power.
Damn you big corporations!!!!
Get fucked, moron. Your party caused all of this.
Do you even know what you're arguing anymore you fuckin' goof ball?
Trying to talk with you is like attempting a serious conversation with a 3 year old.
--------------------------------------------------
Growing up in a Republic was nice... Shame we couldn't keep it.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
By the way, 6ix, the Republicans plan on crashing the economy in 2023 by not raising the Debt Ceiling. If Democrats don't stop the Republicans, that crash will reduce inflation to zero.
Will not raising debt ceiling crash the economy?
https://www.google.com/search?q=will+not+raising+debt+ceiling+crash+th
e+economy
There is broad consensus amongst economists that such an event would generate an entirely-avoidable economic catastrophe. But it would also reduce inflation to zero!
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:Generally, 6ix, with your smoking causing cancer or your crazy eating habits giving you diabetes or your drunkenness causing your unemployment, people like you don't understand anything until it knocks them down and kicks them in the ribs.
Originally posted by 6IXSTRINGJACK:
Do you even know what you're arguing anymore you fuckin' goof ball?
Trying to talk with you is like attempting a serious conversation with a 3 year old.
6ix, you get really angry when told you cannot drink whatever alcohol you want, cannot eat whatever food you want, and cannot smoke whatever you want. Suddenly, you get really stupid and obnoxious, 6ix. Angrily not understanding that there are fatal limitations is why your life is a burning dumpster fire, 6ix.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at
https://www.mediafire.com/folder/1uwh75oa407q8/Firefly
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Maybe I should send that PI to your address and find out all the fucked up things you've done to your own body and to everyone else around you, so we can stop pretending that you've lived this perfect life you've made for your fake persona here.
--------------------------------------------------
Growing up in a Republic was nice... Shame we couldn't keep it.
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:This is a test of how crazy and, simultaneously, physically unhealthy 6ixStringJack is:
Originally posted by 6IXSTRINGJACK:
Maybe I should send that PI to your address and find out all the fucked up things you've done to your own body and to everyone else around you, so we can stop pretending that you've lived this perfect life you've made for your fake persona here.
6ix, what is your learned reaction to "Death, Napoleon and Debt"?
Death, Napoleon and Debt
May 19, 2023, 3:00 p.m. ET
By Paul Krugman, Opinion Columnist
Whenever I write about debt and deficits, I receive the same letter — OK, not exactly the same letter, but a number of letters with more or less the same gist. They read something like this: “If I borrow money from the bank, the bank expects me to pay the money back. Why isn’t the same true for the government? Why can we keep borrowing when we already owe $31 trillion?”
Just about every economist will reply that it’s misleading to make an analogy between household and government finances. But it seems to me that we often aren’t clear enough about why, perhaps because we don’t say it bluntly enough. So here’s the difference: You are going to get old and eventually die. The government isn’t.
I don’t mean that governments are immortal. Nothing is, and no doubt someday America will, as Rudyard Kipling put it, be “one with Nineveh and Tyre.” But individuals face a more or less predictable life cycle in which their earnings will eventually dwindle:
And lenders therefore demand that individual borrowers pay off their debts while they still have the income to do so.
Governments, on the other hand, normally see their revenues rise, generation after generation, as the economies they regulate and tax grow:
Governments, then, must service their debts — pay interest and repay principal when bonds come due — but they don’t necessarily have to pay them off; they can issue new bonds to pay principal on old bonds, and even borrow to pay interest as long as overall debt doesn’t rise too much faster than revenue.
In fact, when governments for one reason or another run up large debts, it is, as far as I can tell, unusual to pay those debts off.
The most famous example, albeit one that many people apparently don’t know about, is the debt America incurred to fight World War II. By the war’s end, this debt was around 100 percent of gross domestic product — roughly comparable to the debt level today. So how did we pay off that debt?
We didn’t. John F. Kennedy entered the White House with federal debt roughly the same as it was on V-J Day:
Why, then, wasn’t the 1960 election dominated by questions of how to pay off the national debt? Because while the dollar value of debt hadn’t gone down, economic growth and modest inflation meant that the ratio of debt to G.D.P. had fallen by half:
This kind of thing could in some cases happen for an individual family: If people buy a house when they’re young, then make substantial income gains, their mortgage payments may dwindle as a percentage of their income even before the mortgage is paid off. But it’s normal for governments, which can expect to see their tax receipts grow year after year with no end in sight.
Revisiting the story of America’s failure to repay World War II debt, I found myself wondering whether governments borrowing large sums that they never repay could be thought of as a newfangled, dubious innovation — hey, this is the 1950s we’re talking about, but there are people out there who are still predicting doom from F.D.R.’s decision to take us off the gold standard in 1933.
Well, governments have often borrowed to fight wars, sometimes on an impressive scale. By the end of the Napoleonic Wars, the British government’s debt, according to Bank of England estimates, was 184 percent of G.D.P. — far above America’s debt at the end of World War II. Most of that debt, by the way, consisted of consols — perpetual bonds that pay interest forever but never require repayment of principal. Still,
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME