Republican Panic Caused Inflation - Thanks Fox!

[HikerGuy83]

The pain is real, but they are misplacing the blame.

As I said, your propagandists are taking advantage of your ignorance.

And you are demonstrating yours.

 

[citygator]

Still pushing this lie.

Nothing untrue in my statement. The last few words were opinion the rest fact.

 

[HikerGuy83]

There's a reason the Fed tracks the velocity of money. It tells them whether they should increase or decrease their balance sheet.

The fact the velocity of money kept decreasing after 2008 prompted them to keep printing more money out of a fear of deflation.

Velocity of M2 Money Stock

View data of the frequency at which one unit of currency purchases domestically produced goods and services within a given time period.

fred.stlouisfed.org

The entire concept of velocity was thrown out a while ago.

Get out of the stone ages.

 

[bigrebnc1775]

The pain is real, but they are misplacing the blame.

As I said, your propagandists are taking advantage of your ignorance.

No they are placing the blame on Biden where it belongs

 

[HikerGuy83]

Sure. They also are making $10,000 or more higher wages too And traveling a record amount and owning a home at record levels. Nice to be in this economy vs Trumps.

Currently, the BLS estimates that wage growth won't match inflation until some point in the fourth quarter of 2024. The gap between wage growth and inflation was at its widest in the third quarter of 2022; prices had jumped 12.8% since the start of 2021, while wages had climbed a smaller 9.1%, a 3.7-point gap.

 

[HikerGuy83]

The last few words were opinion the rest fact.

Here are some facts....

https://www.npr.org/2024/04/02/1242212997/housing-affordability-income-100000

Very few people I know are lauding the current economy.

And AZ is looking more and more like CA.

In CA, in the 80's....over 99% of newe home buyers were doing so with the help of a friend or relative.

Keep trying.

If you really do work in analytics, you must work for some kind of marketing group.

Because you are selling bullshit

 

[bigrebnc1775]

The entire concept of velocity was thrown out a while ago.

Get out of the stone ages.

Four Reasons Velocity Is No Longer Relevant

First, money creation by the Fed, rather than how frequently people spend their money, determines the rate of Velocity now.

Second, the Quantity Of Money is comprised of 60% Bank Reserves and 40% Currency In Circulation. The public cannot spend Bank Reserves. So, even if the public decided to spend its cash at a higher frequency, the impact of that on the Velocity Of Money would be limited.

The Velocity Of Money Is Irrelevant - Richard Duncan Economics

This video explains that the Velocity Of Money no longer impacts the Inflation Rate. Now invalid, the concept that it does can be ignored.

richardduncaneconomics.com

 

[bigrebnc1775]

Sure. They also are making $10,000 or more higher wages too And traveling a record amount and owning a home at record levels. Nice to be in this economy vs Trumps.

Nothing to do with Biden however that extra 10,000 is buying less than before they got that extra 10,000

 

[bigrebnc1775]

So you got nothing but cult talk. Ok. Prepare yourself for the election.

No changing everything trump did harmed most Americans financially

 

[bigrebnc1775]

We had less goods. Not more money. Has nothing to do with easy money.

No one but the cult is believing your bull shit

 

[OKTexas]

We had less goods. Not more money. Has nothing to do with easy money.

LMAO! The NY slimes published the same study but they hide behind a pay wall.

New Fed study shows Biden owns our economic disaster

A new study from the San Francisco Fed shows it was President Biden himself who put America on this grim trajectory to sky-high inflation.

nypost.com

.

 

[Toddsterpatriot]

Four Reasons Velocity Is No Longer Relevant

First, money creation by the Fed, rather than how frequently people spend their money, determines the rate of Velocity now.

Second, the Quantity Of Money is comprised of 60% Bank Reserves and 40% Currency In Circulation. The public cannot spend Bank Reserves. So, even if the public decided to spend its cash at a higher frequency, the impact of that on the Velocity Of Money would be limited.

The Velocity Of Money Is Irrelevant - Richard Duncan Economics

This video explains that the Velocity Of Money no longer impacts the Inflation Rate. Now invalid, the concept that it does can be ignored.

richardduncaneconomics.com

Second, the Quantity Of Money is comprised of 60% Bank Reserves and 40% Currency In Circulation. The public cannot spend Bank Reserves.

His numbers appear to be way off.

Federal Reserve Board - Money Stock Measures - H.6 - April 23, 2024

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

In March 2024, reserves were $3.5 trillion and currency in circulation $2.3 trillion.
M2 was $20.8 trillion. Reserves are about 17% of money supply and currency in circulation about 11%.

He's missing the other 72%, about $15 trillion.

 

[citygator]

No they are placing the blame on Biden where it belongs

Blaming Biden for all US inflation doesn't explain the inflation experienced world wide. While some ignore the rest of the globe, the US economy doesn't. $3.2 Trillion, with a T, imported goods bought by the US. If during COVID, entire manufacturing centers shut down, and "widgets" stopped being produced, what happens to the cost of said "widgets?" Supply and demand dictate they go up.

COVID also put major kinks into the supply chain. For decades, the industrialized world was better perfecting Just-In-Time-Shipping, ot JITS. JITS says the most efficient is when a product is stocked on s shelf the moment a consumer is ready to by. Or, just in time. The less time and space a product uses being stored, the less expenses there are, and cheaper the product. Remember the dozens of shipping freighters waiting to dock? Again, lower supply shifts the curve and causes higher prices.

All this would explain global inflation. Or, you can be myopic and just blame Biden? Sure, his stimulus, along with Trump's added to the inflation. But the majority wasn't caused by the stimulus. And had Trump won, no way he could've magically stopped what was happening all over the globe.

 

[bigrebnc1775]

Second, the Quantity Of Money is comprised of 60% Bank Reserves and 40% Currency In Circulation. The public cannot spend Bank Reserves.

His numbers appear to be way off.

View attachment 952932

Federal Reserve Board - Money Stock Measures - H.6 - April 23, 2024

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

In March 2024, reserves were $3.5 trillion and currency in circulation $2.3 trillion.
M2 was $20.8 trillion. Reserves are about 17% of money supply and currency in circulation about 11%.

He's missing the other 72%, about $15 trillion.

The source is from September 26, 2020

 

[bigrebnc1775]

Blaming Biden for all US inflation doesn't explain the inflation experienced world wide. While some ignore the rest of the globe, the US economy doesn't. $3.2 Trillion, with a T, imported goods bought by the US. If during COVID, entire manufacturing centers shut down, and "widgets" stopped being produced, what happens to the cost of said "widgets?" Supply and demand dictate they go up.

COVID also put major kinks into the supply chain. For decades, the industrialized world was better perfecting Just-In-Time-Shipping, ot JITS. JITS says the most efficient is when a product is stocked on s shelf the moment a consumer is ready to by. Or, just in time. The less time and space a product uses being stored, the less expenses there are, and cheaper the product. Remember the dozens of shipping freighters waiting to dock? Again, lower supply shifts the curve and causes higher prices.

All this would explain global inflation. Or, you can be myopic and just blame Biden? Sure, his stimulus, along with Trump's added to the inflation. But the majority wasn't caused by the stimulus. And had Trump won, no way he could've magically stopped what was happening all over the globe.

Cry a little louder so we can't hear the laughter at you

 

[Toddsterpatriot]

The source is from September 26, 2020

In September 2020, reserve balances were about $2.8 trillion, currency in circulation about $2 trillion and M2 about $18.5 trillion.

Still missing 74%, about $13.7 trillion.

 

[bigrebnc1775]

In September 2020, reserve balances were about $2.8 trillion, currency in circulation about $2 trillion and M2 about $18.5 trillion.

Still missing 74%, about $13.7 trillion.

So is he high or low? And are they still using Velocity of money?

 

[John Edgar Slow Horses]

Wrong again commie, it's xiden and you commiecrats fault for flooding the market with trillions of dollars. You really are stupid with no grasp of economic concepts. Run along troll.

.

So both parties are at fault. We live in a social market economy. You are extremely foolish if you think we will ever go to a balanced budget economy.

 

[citygator]

Cry a little louder so we can't hear the laughter at you

Dude. Why are you on here if you don’t actually provide a point of view? Comments like that after I post a real question just tells us you don’t know how to answer it.

How did Biden cause inflation when it was worldwide and lower here than any other G7 country?

You don’t know.

 

[John Edgar Slow Horses]

Biden policies that increased money supply or reduced GDP are to blame.

His GDP has outflashed Trump's! Are you crazy.