Home Depot's co-founder says the rise of 'socialism' is making people too lazy, fat and stupid to wo

Edit as MOTR noted hedge fund malfeasance.

 

I’m not sure where you come up with “most economists” think the impact is 1% or less. That isn’t what I’ve read or heard.

Paul Krugman, who tends to represent the more liberal Keynesian side, openly admitted he got it wrong.

Opinion | I Was Wrong About Inflation

 

https://thehill.com/homenews/admini...s-bidens-1-9t-bill-have-to-do-with-inflation/

 

It’s pointless. They just know it’s Biden and the libs fault. They will back it up with general buzzwords until the cows come home.

I’ll guarantee @AgingGator wont explain how Biden and the Dems caused WORLDWIDE inflation.

 

That article does not support your assertion. It doesn’t mention “most economists” at all. It quotes a conservative econ that said 3%, an Obama economist that said between 1-4%, one guy who said 0.1% (which is ludicrous) and a liberal economist who said it didn’t make much difference but gives no number.

Then it quotes Joe Biden saying it didn’t cause inflation.

 

I find Goolsbee’s argument persuasive and the elephant in the room is that the Fed took no action to cool the economy.

Is Larry Summers Really Right About Inflation and Biden?

 

That’s a different argument. I think there is some merit to it.

It’s interesting you advance that argument. Most liberals are whining about the fed raising rates and that it hurts wages.

The bottom line is it is all of the above. Supply chain issues were absolutely a primary factor. But part (not all) of the supply chain issues was an increase in retail import demand, above even pre pandemic levels - which could not have happened without fiscal stimulus.

 

What screwing? Markets are up. People are employed. We're post-virus impact. What screwing?

 

So your daughter living the American dream is your reason for getting screwed by Biden?

 

Ask yourself how they were able to buy up properties? Because money was too cheap.

 

Come on Davis. You’re better than this. I expect this from some on here but not you. Read my post, my daughter is fortunate. How many parents do you know with the ability and willingness to give their child $50K for a down payment for a first house to get a better rate and lower payment.

If you think all is well with the economy then I hope you are not an economics or business teacher.

 

poor Keynes. He was one of the most small gov economists who ever lived, but no one knows it. He's accused of being big gov due to his favoring the smoothing of the bidness cycle. But, the only reason he reluctantly favored that course of action was that he knew that during busts, the gov would implement social programs that would never go away. He saw smoothing as the lesser of 2 evils.

 

I don’t really give a shit what you told me to do or not do. You’re cherry picking and I won’t have it. There were three separate packages totaling considerably more than $1.9T. Additionally the low rates helped add the equivalent of $11T in liquidity over 12-18 months. In what world do you live in where you can’t understand that pumping 50% of an economy’s GDP in excess liquidity is going to generate less than 1% in additional inflation? Note: since you obviously have no grasp of economics beyond what msnbc tells you let me simplify; US GDP in 2021 was $23T. USG and Fed pump $11T in additional liquidity into a supply constrained economy and your going to try to tell us that drove less than 1% inflation.

Go tell someone else what they can and can’t use or do. I’m sure there are some democrats dumb enough to buy your horseshit, but sorry not here.

 

Disagree. The bean counters did the math. Covid brought a lot of uncertainty. What's the old saying? When there's blood in the streets? Those guys are pretty smart. Analysis was done. Projections made. It is a limited resource. I made a comment to my wife today. When the population starts to decrease, there will be a glut of houses for sale. Won't that be interesting. Property won't be a good investment.

 

Imagine a freedom luvin' pub arguing against capitalism.

 

There's no incentive to "work yourself to death" when you're going to make just as much as the guy who didn't.

 

I know reading comprehension is not your strong suit, but you must have missed the part where I noted the United States already allows more legal immigration than other first world countries. Free market capitalism has nothing to do with busting open the flood gates at the border and letting everyone in. But that's okay. We know you want to import cheap slave labor and rig elections with people who didn't go through the legal process that millions of others did to get here.

 

Your family is killin' it . . . good for you. Mine too! And yep, thankfully, I don't teach econ/business cause I'm wildly unqualified. But I can read through some boolshit. The econ is great under the circumstances, but I never said it's all well. Recovery is a thing.

 

Maybe u and ur daughter should support those that are lobbying for higher teacher salaries.

 

Is there a reason that you ignored corporate profits and only blamed stimulus packages? At the end of 2021 corporate profits were the highest in at least 40 years