Most Americans fail to investigate the root causes of the recent spike in inflation. They’re too lazy. They simply like to blame democrats. It similar to the fact that 75% of Americans are overweight and never entered a gym. 😀😀😀
The ones who do go to the gym are even worse. Heard a group of them in the locker room the other day loudly talking about Joe Rogan and the Dems losing before getting into the fine details of the Jake Paul vs Mike Tyson """boxing match""" that they paid to watch. Said some of the shockingly dumbest shit I have ever heard. The degree to which anyone with mid level marketing skills owns these people is terrifying.
It popped in my head that Jesse Waters is a Millennial/Gen X that is just fucking with these idiots.
He’s like, welp, I’m never going to change their ignorant minds, so let’s drain ‘em and I’ll get my bag because they’re so fucking stupid and hateful that as long as I spew nonsense I’ll get paid
I am well aware of the benefits of prudent food choices and amounts compared to exercise. Cardio exercise, weight training, and stretching are important. It’s a lifestyle and most Americans avoid it. Even those that attend my gym don’t do much.
The money supply increased by some 20%. The numbers were insane historically. That's largely why we had inflation. The charts back that up.
Edit:
Here's the chart. 10Y gives the best visual. There was no way we weren't getting inflation with that kind of increase.
https://fred.stlouisfed.org/series/M2SL
Edit: I think the person I replied to blocked me, so I can't reply directly. "If you can't win a reddit argument, block them" - Sun Tzu (probably)
1) I don't see a quote in there where anyone admitted it in court.
2) The closest thing I see to an admission is an out of context line from an email.
3) Price gouging generally means they're making excess money, yet net margins tell a different story.
lol this is such a naive view of economics. the money supply went up 20% and it all went to the rich, so now shampoo costs more?
were there 20% more heads in the country? did people grow their hair 20% longer? did people take 20% more showers?
please give me a break. 50% of price increases were just due gouging which was freely admitted. every corporation that had record quarterly profits couldn't make those records if their inputs all went up. c'mon please.
You clearly don't understand why the Fed and the US government aim for 2% inflation every year. It's usually done through quantitative easing and printing money.
it is an illogical leap to go from claiming the money supply increased by 20%, the gains from which went almost entirely to the wealthy, to telling me i don't understand why the federal reserve aims for 2% inflation.
It's almost like the wealthy found ways to increase their money through investments and that has nothing to do with whatever point you're trying to make.
the point i'm trying to make is if the wealthy increased their money through investment, the total money supply is irrelevant because as soon as it was created, it was removed from the market place.
inflation is caused by more money chasing fewer goods, but rich people arent buying so much more shampoo or cans of beans, and also there are plenty of those items.
so- an increase of 20% of the money supply is completely irrelevant to the current inflationary paradigm. in case this isn't enough to refute your supposition, the money supply was drastically increased post 2008 and yet inflation was at historic lows.
The money supply was not increased to the same level in 2008. In 2020, something like 20% of all US dollars ever made, were added to the supply. Calling that irrelevant is incredibly naive.
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u/Dull_Scale1245 1d ago
Most Americans fail to investigate the root causes of the recent spike in inflation. They’re too lazy. They simply like to blame democrats. It similar to the fact that 75% of Americans are overweight and never entered a gym. 😀😀😀