AOC's Question on Inflation - Is She Correct?

Discussions about politics and goings on around the world. (Please keep discussions civil!)
Post Reply
User avatar
Philip
Board Moderator
Posts: 8309
Joined: Mon Dec 28, 2009 7:45 pm
Christian: Yes
Sex: Male
Creation Position: Day-Age
Location: Betwixt the Sea and the Mountains
Has liked: 391 times
Been liked: 621 times

AOC's Question on Inflation - Is She Correct?

#1

Post by Philip » Thu Jul 11, 2019 11:45 am


PaulSacramento
Board Moderator
Posts: 9135
Joined: Fri Mar 25, 2011 12:29 pm
Christian: Yes
Sex: Male
Creation Position: Theistic Evolution
Location: Ontario, Canada
Has liked: 122 times
Been liked: 342 times

Re: AOC's Question on Inflation - Is She Correct?

#2

Post by PaulSacramento » Fri Jul 12, 2019 4:33 am

Yes, and no.
The economy in the US is very different today than 20 years ago,much less 50 years ago.
Yes, basic inflation still kind of works the same way, but that is only part of the picture.

User avatar
Philip
Board Moderator
Posts: 8309
Joined: Mon Dec 28, 2009 7:45 pm
Christian: Yes
Sex: Male
Creation Position: Day-Age
Location: Betwixt the Sea and the Mountains
Has liked: 391 times
Been liked: 621 times

Re: AOC's Question on Inflation - Is She Correct?

#3

Post by Philip » Fri Jul 12, 2019 7:00 am

Paul: Yes, and no.The economy in the US is very different today than 20 years ago,much less 50 years ago.
Yes, basic inflation still kind of works the same way, but that is only part of the picture.
But the evidence seems far from clear cut - AND if things are very different, then why are we employing the same fiscal approach about inflation? Is that approach STILL valid, given the evidences of the last two decades? It's an important question to ponder.

User avatar
edwardmurphy
Ultimate Member
Posts: 2091
Joined: Fri Jul 10, 2015 10:45 am
Christian: No
Sex: Male
Creation Position: I don't believe in creation
Has liked: 163 times
Been liked: 120 times

Re: AOC's Question on Inflation - Is She Correct?

#4

Post by edwardmurphy » Fri Jul 12, 2019 9:24 am

I don't know if she's right, but it's an interesting topic. I'll look more into it later.

That said, some of the comments in that article make me nervous, as does talk of lowering interest rates again. I think that we're overdue for a massive market correction, but Trump wants to do is stomp harder on the gas pedal. That's always fantastic for the billionaires, since it allows them to get a larger share of the pie for pennies on the dollar, but the rest of us will be hurt badly.
If you're accustomed to privilege equality may feel like oppression.

Before you ask why ask if.

The ideal subject of totalitarian rule is not the convinced Nazi or the convinced Communist, but people for whom the distinction between fact and fiction and the distinction between true and false no longer exist.

PaulSacramento
Board Moderator
Posts: 9135
Joined: Fri Mar 25, 2011 12:29 pm
Christian: Yes
Sex: Male
Creation Position: Theistic Evolution
Location: Ontario, Canada
Has liked: 122 times
Been liked: 342 times

Re: AOC's Question on Inflation - Is She Correct?

#5

Post by PaulSacramento » Mon Jul 15, 2019 4:44 am

Philip wrote:
Fri Jul 12, 2019 7:00 am
Paul: Yes, and no.The economy in the US is very different today than 20 years ago,much less 50 years ago.
Yes, basic inflation still kind of works the same way, but that is only part of the picture.
But the evidence seems far from clear cut - AND if things are very different, then why are we employing the same fiscal approach about inflation? Is that approach STILL valid, given the evidences of the last two decades? It's an important question to ponder.
The technology sector has thrown a wrench into a lot of predictive models.
Also, there is the issue of "under employment" VS Unemployment, something that was a non-issue ( or at least a very minor one) in the past.
There is also the economy that is driven by new construction ( housing market), that is far more impactful and critical than it was when most of these economic theories and models were being created.

Post Reply