Biden administration designates 31 tech hubs to boost innovation and create jobs across...

[ScottSoapbox]

You are on the right track, but inflation is caused by expanding the M2 faster than productivity (change in GDP per person over a 5 year average). With their tight money policy, the Fed has been shrinking the M2, but productivity is only a little over 1% these days. A couple of years ago, they increased the M2 about 20% (if I remember right) during the covid scare.

Yes, I was oversimplifying by saying "printing" but most people don't understand the money supply which can also be changed by fractional deposit rates, interest, etc.

But adjusting for GDP or productivity is still really inflation it's just inflation that is hard for the average person to see. The better policy would be a set money supply as it would automatically adjust to the new value created, etc., without a person/committee/economist deciding the "right" amount of value for a dollar.

 

[ScottSoapbox]

Except, comparing us to other nations is perfectly applicable because it's the same circumstances causing the problems.

We are all still in a post pandemic world, and Russia's self-destruction tour has given the fossil fuel and food supply a massive hit.

But it is terrible for policy. Example: Sure we killed all of our prisoners of war, but N. Korea tortured and killed their prisoners so we're not so bad.

The fossil fuel supply did not take a hit, Russia just changed who it was selling oil to. We ran into problems when the Saudis decided to constrain their supply and raise prices. Biden had to go beg for more oil from them when gas prices started hurting poll numbers and stalling our already troubled economy. This is the downside to shutting down our oil production "for the environment" is that we are then at the mercy of other nations for what is still a vital resource for us. Maybe in the future we can get off oil but not for at least another decade.

The other thing raising gas prices is all the Dems saber-rattling against oil. Sure it sounds good for the base that is pro-environment, but it has led oil companies to curtail spending on new oil projects because they are afraid that they won't get their investment back and thus are only continuing with their current sources which is starting to lower the supply available.

But politicians excel at creating a problem and then saying they are the only solution for it, so this is par for the course.

Now before you say "but global warming!", the US and Western Europe combined are creating less CO2 than China. So even if we switch to 100% green tomorrow (impossible but for the sake of this argument), China will keep cranking out more C02 every year so you need to find a solution to that before we do more here.

 

[scavengerspc]

Sure we killed all of our prisoners of war

Be honest. Should I listen to the twilight zone theme if I read that again?

The fossil fuel supply did not take a hit, Russia just changed who it was selling oil to. We ran into problems when the Saudis decided to constrain their supply and raise prices.

I see. But all that says it "took a hit" as I said. Ask anyone in Europe.

The other thing raising gas prices is all the Dems saber-rattling against oil.

Which has been going on for what seems forever. Now it's having an effect? Convenient, but no.
I always thought the additional reason gasoline prices have been rising so fast was because of cuts by OPEC. But hey. Some things have "alternatives".

Biden had to go beg for more oil from them when gas prices started hurting poll numbers and stalling our already troubled economy.

So that's why he bargained!
But why did trump negotiate? And, remember why?

China will keep cranking out more C02 every year so you need to find a solution to that before we do more here.

China started working on that a few years ago. And so far, they are still on it.

China’s Fight Against Climate Change and Environmental Degradation

China’s carbon emissions threaten global efforts to fight climate change. Its broader environmental degradation endangers economic growth, public health, and government legitimacy. Are Beijing’s poli…

www.cfr.org

"In response, Beijing has implemented policies to curb emissions and stem further degradation, such as by signing the 2015 Paris Agreement on climate and pledging to be carbon neutral by 2060."

I don't care who believes what. But even I think It's time we started taking larger measures.
Get on the bus or get under it.

 

[godrilla]

Be honest. Should I listen to the twilight zone theme if I read that again?


I see. But all that says it "took a hit" as I said. Ask anyone in Europe.


Which has been going on for what seems forever. Now it's having an effect? Convenient, but no.
I always thought the additional reason gasoline prices have been rising so fast was because of cuts by OPEC. But hey. Some things have "alternatives".


So that's why he bargained!
But why did trump negotiate? And, remember why?


China started working on that a few years ago. And so far, they are still on it.

China’s Fight Against Climate Change and Environmental Degradation

China’s carbon emissions threaten global efforts to fight climate change. Its broader environmental degradation endangers economic growth, public health, and government legitimacy. Are Beijing’s poli…

www.cfr.org

"In response, Beijing has implemented policies to curb emissions and stem further degradation, such as by signing the 2015 Paris Agreement on climate and pledging to be carbon neutral by 2060."

I don't care who believes what. But even I think It's time we started taking larger measures.
Get on the bus or get under it.

Speaking of emissions. Are wars good or bad for the environment? Also which administration was the world the most peaceful in recent history? Drastic measures requires world peace! I guess we can wait after the next election for in intervention fingers crossed. We can pretend that we are green for the environment and still fund rockets, munitions, arms and tanks for both sides; or we can all become nomads and it will still not make a dent in the pollution that is generated from the ones in power.