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First I do agree that the have been manipulating the CPI for years to make SS more solvent by decreasing the need for COLA's. That said, I am not sure how you think increased prices and inflation are unrelated since inflation is literally the measure of price increase over time.
Did you somehow think the OP supports dumb Don? I didn’t take you as another typical duopoly dupe.
Most sectors are dominated by two to four companies, so yeah, the bullshit about 'free markets' and 'competition' is utter horseshit. Look at Baby Formula; 4 companies, with one of them holding 42% of the market. Oil industry, not any better. Meat packing? lol lol lol sure thing ...
SAme with stock exchanges; maybe five or six companies account for over 30% of their 'markets' swing and trading.
Commodities markets? Glencore and maybe three other firms. And the beat goes on and on.
Weak corrupt Presidents not only contribute to wars breaking out, higher crime rates, etc., they open the door to outright plundering of entire continents.
Oh! Okay. He has been here a long time and I certainly knew his views.Do you think I know the OP?
Under normal circumstance I suppose. The problem with his argument as that we are not seeing a significant increase in economic velocity. If this were demand driven, we would expect to see the velocity pick up. Instead, it is relatively flat. I personally think a lot of people are jacking up prices just because they can get away with it by blaming "inflation".
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Look at Baby Formula; 4 companies, with one of them holding 42% of the market. Oil industry, not any better.
What percentage of the oil market is controlled by the 4 largest companies?
companiesmarketcap.com
The top 4 companies own 54% of market cap. The other 56% is divided between 234 companies.
Largest oil and gas companies by market cap
List of the largest oil and gas companies by market capitalization, all rankings are updated daily.
Money velocity is a useless statistic.
I personally think a lot of people are jacking up prices just because they can get away with it by blaming "inflation"
Inflation is an increase in the general price level.
If one sector is "jacking up prices", people would have less money to
spend in other sectors. Those prices would go down. The general price level would be unchanged.
When everyone is "jacking up prices", that's because the Fed created too much money.
Credit is at near record high and credit scores are also declining, so no...
No, money velocity isn't a useless statistic?
Or no, the Fed didn't create too much money? as in people spending more on gas isn't a wash because they spend less on pizza. They are borrowing the money, buying both, and waiting til they get their income tax refunds to get caught up.
I wouldn't believe anything from Rand Paul.
Trump hasn't been in charge for nearly a year and a half, numbnutz.
Nice straw man.lol lol lol a joke interview to lighten up the news a little. Paul is going to tell us all how the poor have way too much money n stuff and the country would be far better off with open borders and allow entire industries to collude to lower wages to below Vietnamese and Indonesian levels, and if Americans don't like it businesses can import entire villages from Third World shitholes, set up company stores, and the Fed can pay the companies' expenses. He will also point out the only reason for any military spending is so the govt. can shoot down any uppity proles who refuse to die in ditches quietly, and execute laid off workers when the business cycle slows down, same as the Social Darwinists hope to do everywhere via their Globalist agendas. This was the Gilded Age 'pro-business' agenda, adopted by Republican establishment in every detail and is still their real agenda, which is why 'libertarians' and commies all agree on the basics and have the same 'Utopia' in mind.
