By far the biggest determinant of inflation is monetary policy, not the spending pattern in fiscal policy.And it just so happens to be that with the current monetary policy, inflation is very limited.
@tartaarsaus come back in a year and let’s talk. It’s on the way bud. All the indicators for hyperinflation and economic recession are there.
beautiful. i love it.
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Meh, inflation and unemployment are targeted both a lot but by different institutions.Governments cannot target inflation because they let the central bank control inflation. Meanwhile, central banks are supposed not to control unemployment (though they actually easily can)
Oh you’re an actual lawyer. Thought you may have been a paralegal. Cool beans
And for the record, good inflation is not zero inflation. Inflation from 1.5-2% is a reasonable goal.
*low and stable inflation
The democrats don’t set monetary policy. The people who set monetary policy are politically independent and confirmed by a Republican senate
@tartaarsaus no, thanks for defrauding us with an incompetent bafoon democrat for a president.
@MasterOfRealityLol if you think you understand monetary policy better than the FED
@tartaarsaus the fed needs to be destroyed too.
@MasterOfRealityRemoving the central bank is the most direct way to ruin the economy lol
@tartaarsaus says who? The fed is a totally unregulated body controlling our financial policies. And it’s against the constitution itself. Only Congress can issue/print money. It’s why JFK was assassinated in my opinion. He tried to return us to that practice.
@MasterOfRealityConsensus among economists that a gold standard is stupid and politicians controlling money supply is stupid.And for whether it’s unconstitutional, go to the SCOTUS if you think it is unconstitutional.
And no, it is not unregulated because it literally exists by mandate of Congress and Congress sets the mandate.
@tartaarsaus SCOTUS has been corrupt for years and has made many blatant non-constitutional calls before. I think we need to scrap this whole thing and start over.
@MasterOfRealityOr they understand the constitution better than you do. I wonder which it is
@tartaarsaus it doesn’t take a genius to recognize the corruption and the rulings based solely on politics. When you can predict with 100% accuracy how the liberal justices will rule, that kinda says it all. Unlike you, I don’t have faith in those in government strictly for obtaining their positions and don’t think theyvare correct simply because. In fact, I don’t have faith in our government period.