No you dumb cracker, we do not need to fight "inflation". Why don't you buddy up to our resident inflation expert "piezoe" here, and learn why we do not have debt, as a country. Then you can learn how that "no debt" shit leads us to having your home mortgage at 8% interest, so you cannot afford to buy your first home, and if you do, your first home of, say, $250K, will cost you a million over 30 years. Let's not talk about that. Nah. We don't need to fight inflation. What we need to fight are dumbfuckers like you that think inflation is "OK." Sorry to be harsh, but it is what it is.
I don't mind your harshness. I think you didn't read all my posts. My standing on this issue is kind of in the middle. Under current circumstance, a simple Yes or No can not be the solution.
The true answer to your question is that "WE" cannot fight it. Only fiscal and monetary policy can. Buggers!
Can you explain why QE won't cause inflation? Please explain it in simple terms so that an average person can understand.
Natty Gas drillers wish there was inflation, and not deflation, for their product:- Permian natgas hits 15-month low as negative prices linger Georgina McCartney Tue, Apr 16, 2024, 12:37 PM EDT 3 min read By Georgina McCartney HOUSTON, April 16 (Reuters) - Natural gas prices in the top U.S. shale field hit their lowest level in 15 months this week and continued to trade in negative territory as a supply overhang shows no sign of quickly abating. Prices at the Waha hub in west Texas closed at negative $2.99 per million British thermal units on Monday, its lowest since December 2022, according to data from LSEG. Waha gas has been trading negative for 23 out of the past 25 days, meaning producers are paying to have their gas taken away. Natural gas in the Permian and across the U.S. has been oversupplied following a warmer-than-expected winter, offtake constraints, and operational issues at a major liquefied natural gas plant in Texas. Despite negative Waha gas prices, production in the Permian is expected to rise next month alongside oil output, the U.S. Energy Information Administration (EIA) said this week in a monthly report. Permian gas output is forecast to rise by 140 million cubic feet per day (mcfd) to 25.2 billion cubic feet per day (bcfd), while U.S. gas output is expected to fall by 258 mcfd to 99.9 bcfd, the EIA said. In the Permian, much of the gas is produced alongside oil, which is trading near $85 a barrel - a level strong enough for producers to pay to have gas taken away. Waha negative pricing could hold through the second quarter, researchers at investment firm Tudor, Pickering, Holt & Co said in a note on Monday, with some relief expected later in the year when the Matterhorn Express pipeline, a joint venture between infrastructure company WhiteWater, EnLink Midstream, Devon Energy, and MPLX, starts service. That 580-mile system will move 2.5 billion cubic feet per day of natural gas from the Permian Basin to the Houston, Texas, area. "I would expect [Waha prices] to improve towards the end of April, early May, but we are going to see continued low Waha prices until Matterhorn comes online", said Robert Wilson, vice president of analytics at East Daley Analytics. Near-term prices will remain pressured by pipeline maintenance and outages at the Freeport LNG terminal in Texas. Kinder Morgan's El Paso and Gulf Coast Express pipelines are both undergoing maintenance and its Permian Highway Pipeline expects a reduction in capacity next month. Freeport, meanwhile, remained mostly offline for a fifth straight day on Monday, with gas utilization rates at 125 million cubic feet per day (mmcf/d), or 5% of its fully operational use, data from financial firm LSEG showed on Monday. The company in late March said it expects Trains 1 and 2 to remain shut until May for inspections and repairs, while Train 3 was operating. Those outages helped put pressure on the benchmark for natural gas in the U.S., with Henry Hub trading at around $1.68 per mmBtu during intraday trading on Tuesday, compared with $2.28 this time last year. (Reporting by Georgina McCartney in Houston; Editing by Liz Hampton in Denver and Andrea Ricci) https://finance.yahoo.com/news/permian-natgas-hits-15-month-163701808.html
If California had no minimum wage, there would be more demands/jobs but low wage workers would be poorer. The good measurement should be unemployment rate. If it doesn't go up too much under the new law, it should be fine.
Can’t they do that magic trillion dollar coin trick I hear about every so often? https://en.m.wikipedia.org/wiki/Trillion-dollar_coin
Ummm all they need to do is pay back what they borrowed . Eliminate any further debt ceiling raises and and be more proactive on how they spend spend spend spend trillions of dollars in the first place. The trillion dollar coin trick is a hilarious one though.