Trump demonstrates (again) that he knows nothing about economics, by promising "massive" tax cuts, lower interest rates, and.....to end inflation? Oh - he'll end inflation by drilling for more oil. Yeah, that's the ticket. Can you imagine being an adult and sitting and listening to this guy talk economic policy....and either having to pretend it makes sense, or knowing no better? https://www.marketwatch.com/story/t...nd-to-inflation-in-convention-speech-95790364 Trump promises ‘massive tax cuts’ and an end to inflation in convention speech “I will end the devastating inflation crisis immediately, bring down interest rates and lower the cost of energy,” Trump said during his wide-ranging address. “We will drill, baby, drill,” he added, predicting that will “lead to a large-scale decline in prices.”
Cheap energy independence, and everything runs on oil. Therefore everything gets cheaper to produce and cheaper to manufacture. Prices go down. Consumer confidence... and the rest is more jobs and more tax revenue, even with more tax cuts. Simple supply and demand. I has worked several times in our past... Only a true communist doesn't understand this.
You're not at all that serious are you? You even know what I posted works and has worked in the past yet you act naive about it? That makes you willfully ignorant.
As a reminder Trump's top trade advisor and VP are both proposing devaluation of the currency as a policy choice. Given your obvious expertise in economic matters, as you have clearly figured out global oil pricing and local labor markets along with so many other things, I'd be interested in how you think devaluing the currency will lead to lower inflation. I'll hang up and listen.
When the dollar is cheap it's good for the people... not the banks. The banks love a high value dollar.
Wild how maga now just willingly embraces increasing national debt. “Back in my day, republicans were actually concerned about deficits”
Hmm, so when I want to buy a banana grown in another country with a weaker dollar that is good for me?
If inflation is low than it's not bad for the consumers. Inflation makes everything expensive... it's like a added tax. So first we have to get inflation under control.
Hmm and you think devaluing a currency doesn't directly cause inflation? Wouldn't having the pay more for all imports be a big increase in inflation?
It can be done a number of ways. You could purposefully fix rates and pull the exchange rate out of the markets. Theoretically, you could also just print a bunch of money and let the market devalue it. I think that they are proposing the former.
It's not as devastating as some people think especially if there's a large supply of dollars going around. I mean we're not talking about killing the value, and this is if we have no inflation. It's good for the export of our domestic goods. More exports more jobs created. With an expensive high-value dollar exports suffer.
So you increase exports by lowering their costs overseas and decrease imports by making them more expensive in the US? Wouldn't that decrease other country's inflation and increase this country's inflation?
I have no idea what you're trying to say here. I said that the LOW value of the dollar means we can export more goods and more exports means more domestic jobs created. More people working means more tax revenue is collected. The rest is up to a fiscal government to decide. Maybe pay down debt?
