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For anyone with 0.1% economic literacy, US has been printing money as a solution to all problems since it got the reserve currency status. You can easily find videos of Greenspan and other Fed chairs claiming they were going to print more money to solve whatever trouble that President had gotten the country in.
Every politician/party has had a hand in this mess and Warsh will do the same (whether he likes it or not). Politicking instead of structural reforms does not solve anything.
The funniest part is that Congress didn't like having to make the constant cost of living increases to SS/Military pay, that in the 90s they redefined inflation a couple of times to be structurally lower. So we saw bad numbers during/post COVID that were "better than the 70s" but in reality we're probably worse if you used the same equation.
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"policies spearheaded by Chairman Jerome Powell".
For anyone with 0.1% economic literacy, US has been printing money as a solution to all problems since it got the reserve currency status. You can easily find videos of Greenspan and other Fed chairs claiming they were going to print more money to solve whatever trouble that President had gotten the country in.
Every politician/party has had a hand in this mess and Warsh will do the same (whether he likes it or not). Politicking instead of structural reforms does not solve anything.
"policies spearheaded by Chairman Jerome Powell". For anyone with 0.1% economic literacy, US has been printing money as a solution to all problems since it got the reserve currency status. You can easily find videos of Greenspan and other Fed chairs claiming they were going to print more money to solve whatever trouble that President had gotten the country in.Every politician/party has had a hand in this mess and Warsh will do the same (whether he likes it or not). Politicking instead of structural reforms does not solve anything.
You, sir, are 10,000 percent correct.
The funniest part is that Congress didn't like having to make the constant cost of living increases to SS/Military pay, that in the 90s they redefined inflation a couple of times to be structurally lower. So we saw bad numbers during/post COVID that were "better than the 70s" but in reality we're probably worse if you used the same equation.
The Fed's job has long been to keep inflation under control. In the past 20 years quantitative easing has been incorporated to smooth out dramatic swings or rather cushion falls to reduce shock. They try to gauge if they can do something during a dramatic situation and make up for later. #1 They may underestimate future factors that unfold beyond their control (wars, tariffs, world pandemic) to forgive the smoothing. Simply, put there is probably a little something to the books points. However, the major issue weighing on the economy US national debt and the fact nobody is the government is talking about fixing it. This makes keeping inflation under control really hard to control. This is what is really weighing on the economy. Additionally, more than ever the people tasked with this job have been pressured/undermined to manage otherwise than then core goal to serve other interests; which is not ok. If the debt keeps climbing we will see hyperinflation which will devastate the economy.
For anyone with 0.1% economic literacy, US has been printing money as a solution to all problems since it got the reserve currency status. You can easily find videos of Greenspan and other Fed chairs claiming they were going to print more money to solve whatever trouble that President had gotten the country in.
Every politician/party has had a hand in this mess and Warsh will do the same (whether he likes it or not). Politicking instead of structural reforms does not solve anything.
Congress spends $2 trillion per year we don't have. The fed spends who knows how much on printing money aka quantitative easing or whatever other fake program where they buy back debt from themselves. This has been going on for decades. Anyone with .1% economic literacy is a very small bucket unfortunately
The Fed's job has long been to keep inflation under control. In the past 20 years quantitative easing has been incorporated to smooth out dramatic swings or rather cushion falls to reduce shock. They try to gauge if they can do something during a dramatic situation and make up for later. #1 They may underestimate future factors that unfold beyond their control (wars, tariffs, world pandemic) to forgive the smoothing. Simply, put there is probably a little something to the books points. However, the major issue weighing on the economy US national debt and the fact nobody is the government is talking about fixing it. This makes keeping inflation under control really hard to control. This is what is really weighing on the economy. Additionally, more than ever the people tasked with this job have been pressured/undermined to manage otherwise than then core goal to serve other interests; which is not ok. If the debt keeps climbing we will see hyperinflation which will devastate the economy.
To make matters worse, individuals account for 86% of tax revenue. Once AI gets into full swing we are going to see higher unemployment thereby reducing our ability to pay down the US debt.
To make matters worse, individuals account for 86% of tax revenue. Once AI gets into full swing we are going to see higher unemployment thereby reducing our ability to pay down the US debt.
On the positive side, it's easier to raise taxes on AI than it is to raise taxes on voters. Unless, of course, the AI masters buy out the politicians...
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For anyone with 0.1% economic literacy, US has been printing money as a solution to all problems since it got the reserve currency status. You can easily find videos of Greenspan and other Fed chairs claiming they were going to print more money to solve whatever trouble that President had gotten the country in.
Every politician/party has had a hand in this mess and Warsh will do the same (whether he likes it or not). Politicking instead of structural reforms does not solve anything.
The funniest part is that Congress didn't like having to make the constant cost of living increases to SS/Military pay, that in the 90s they redefined inflation a couple of times to be structurally lower. So we saw bad numbers during/post COVID that were "better than the 70s" but in reality we're probably worse if you used the same equation.
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For anyone with 0.1% economic literacy, US has been printing money as a solution to all problems since it got the reserve currency status. You can easily find videos of Greenspan and other Fed chairs claiming they were going to print more money to solve whatever trouble that President had gotten the country in.
Every politician/party has had a hand in this mess and Warsh will do the same (whether he likes it or not). Politicking instead of structural reforms does not solve anything.
The funniest part is that Congress didn't like having to make the constant cost of living increases to SS/Military pay, that in the 90s they redefined inflation a couple of times to be structurally lower. So we saw bad numbers during/post COVID that were "better than the 70s" but in reality we're probably worse if you used the same equation.
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I'm so encouraged to see intelligence
For anyone with 0.1% economic literacy, US has been printing money as a solution to all problems since it got the reserve currency status. You can easily find videos of Greenspan and other Fed chairs claiming they were going to print more money to solve whatever trouble that President had gotten the country in.
Every politician/party has had a hand in this mess and Warsh will do the same (whether he likes it or not). Politicking instead of structural reforms does not solve anything.
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Share your experience with the Slickdeals community
Share information with the community. Please follow our Community Guidelines and be kind!