Biden/Harris responsible for stagflation

Discussion in 'Politics' started by ipatent, Aug 27, 2024.

  1. ipatent

    ipatent

     
  2. ipatent

    ipatent

     
  3. gwb-trading

    gwb-trading

    Apparently the OP doesn't know what stagflation is.

    Go take a look at the 1970s and educate yourself.
     
  4. ipatent

    ipatent

    Look at the second post= real wages DOWN while prices are up.
     
  5. gwb-trading

    gwb-trading

    Tell us how employment is doing.

    Is anything near the levels of the 1970s?
     
  6. newwurldmn

    newwurldmn

    I know. Trump tax cuts didn’t keep wages growing.
     
  7. ipatent

    ipatent

     
  8. ipatent

    ipatent

     
  9. Tuxan

    Tuxan

    Screenshot_20240829_210151_Chrome.jpg

    Printing dollars keeps their value in step with the growth of the world which uses it as the reserve currency. When you print far more than the growing global popution needs, you have a problem for a number of years until the global economy grows into the glut in supply.

    And many other things beyond most Amercians who don't realise how the US swings from being at best symbiotic to parasitic in a crisis and has a free lunch that small nations don't ever get.
     
    Last edited: Aug 29, 2024
  10. ipatent

    ipatent

     
    #10     Aug 30, 2024