Inflation is entirely Biden's fault: argue with Milton Friedman, I dare you.

[DarthTrader]

 

[Toddsterpatriot]

You ever find your proof that that Russia and Japan are deflating their money supply?

 

[johngaltshrugged]

He had a such a brilliant mind & was so good at cutting the BS. He got right to the root of the problems & always had common sense, free market solutions ready

 

[Mac1958]

Is there a Cliff's Notes version? What is the point, exactly?

For example, is it Biden's fault that the Federal Reserve's balance sheet is over NINE TRILLION, after buoying the economies of Obama and Trump?

Is it Biden's fault that the NY Fed had to step in with another TWO TRILLION in 2019 to unfreeze short term credit markets?

Is it Biden's fault that global supply chains are STILL mangled, after having atrophied during the global COVID lockdowns and then buckling under massive new global demand when things opened up?

Detail would be helpful.

 

[DarthTrader]

You ever find your proof that that Russia and Japan are deflating their money supply?

I provided you a semester's worth of research LOLOL

 

[Winston]

Three out of four of the new dollars in circulation over the last two years came from the Trump administration. Friedman would be the first to tell you, this inflation is on Trump's back, not Biden. Especially considering that Biden has reduced the deficit and that reduction will be greater next year.

 

[DarthTrader]

Is there a Cliff's Notes version? What is the point, exactly?

For example, is it Biden's fault that the Federal Reserve's balance sheet is over NINE TRILLION, after buoying the economies of Obama and Trump?

Is it Biden's fault that the NY Fed had to step in with another TWO TRILLION in 2019 to unfreeze short term credit markets?

Is it Biden's fault that global supply chains are STILL mangled, after having atrophied during the global COVID lockdowns and then buckling under massive new global demand when things opened up?

Detail would be helpful.

Supply chains have nothing to do with inflation.

Democrats increase the money supply. Trump actually DECREASED the money supply - he wasn't printing enough money for how fast the economy was growing.

 

[Meister]

Brandon sure did admit that he's behind the hike in gas prices on a global stage in Asia.
He just can't help himself.

 

[Toddsterpatriot]

I provided you a semester's worth of research LOLOL

You just failed to post any proof.

And if that was a semester of research, you're really bad at it. LOL!

 

[KissMy]

March 2020 Trump printed 5 times more money than ever existed, yet the OP blames Biden who didn't get to DC until almost a year later.

 

[Toddsterpatriot]

Is there a Cliff's Notes version? What is the point, exactly?

For example, is it Biden's fault that the Federal Reserve's balance sheet is over NINE TRILLION, after buoying the economies of Obama and Trump?

Is it Biden's fault that the NY Fed had to step in with another TWO TRILLION in 2019 to unfreeze short term credit markets?

Is it Biden's fault that global supply chains are STILL mangled, after having atrophied during the global COVID lockdowns and then buckling under massive new global demand when things opened up?

Detail would be helpful.

He's an idiot with nothing of value. See below..........

Great Depression Coming - Massive Deflation of US Dollar.

Oil just won't stay down. At this point - Biden's policies are not helping but they no longer are the principal driver of inflation either. This problem is much older than that - going back to Obama. It's the result of 12 years of "easy money" pumping the US full of too many dollars. First the...

www.usmessageboard.com

 

[DarthTrader]

You just failed to post any proof.

And if that was a semester of research, you're really bad at it. LOL!

I've posted tons of proof. Moron. How hard is it for you to understand that inflation is a MONETARY PHENOMENON that Russia cannot inflate its currency because it does NOT RUN A DEFICIT.

LOL.

You're so fucking stupid.

 

[DarthTrader]

He's an idiot with nothing of value. See below..........

Great Depression Coming - Massive Deflation of US Dollar.

Oil just won't stay down. At this point - Biden's policies are not helping but they no longer are the principal driver of inflation either. This problem is much older than that - going back to Obama. It's the result of 12 years of "easy money" pumping the US full of too many dollars. First the...

www.usmessageboard.com

Milton Friedman makes you look like the dumb idiot you are. I linked to where he explains inflation is due to deficit spending. Russia runs an account surplus. MORON

 

[initforme]

The imaginary labor shortage has zero part in inflation.

 

[DarthTrader]

March 2020 Trump printed 5 times more money than ever existed, yet the OP blames Biden who didn't get to DC until almost a year later.

It's cute you think Trump printed that money, it was the Democrats. Dumb bozo.

 

[DarthTrader]

The imaginary labor shortage has zero part in inflation.

Correct, moron. Take it up with Milton Friedman, not me.

 

[Winston]

Supply chains have nothing to do with inflation.

Democrats increase the money supply. Trump actually DECREASED the money supply - he wasn't printing enough money for how fast the economy was growing.

Wow, you are so ignorant you would drown in a rainstorm.

 

[DarthTrader]

Wow, you are so ignorant you would drown in a rainstorm.

It's sad how stupid you are. Since I literally quote a nobel laureate in Economics and all you got are your dumb words.

 

[Toddsterpatriot]

Three out of four of the new dollars in circulation over the last two years came from the Trump administration. Friedman would be the first to tell you, this inflation is on Trump's back, not Biden. Especially considering that Biden has reduced the deficit and that reduction will be greater next year.

Two years ago, the Fed's balance sheet was $7.1 trillion. $7.4 trillion the week after Trump left office.
$8.95 trillion now. Looks like 84% was under Biden.

Recent balance sheet trends

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Especially considering that Biden has reduced the deficit

Thank goodness for Mancin, eh?

 

[DarthTrader]

Two years ago, the Fed's balance sheet was $7.1 trillion. $7.4 trillion the week after Trump left office.
$8.95 trillion now. Looks like 84% was under Biden.

Recent balance sheet trends

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

Especially considering that Biden has reduced the deficit

Thank goodness for Mancin, eh?

On this we agree, now listen to the Milton snip I sent you and understand WHY Russia is "deflating" its currency. Prices are irrelevant.