Inflation relief checks

*sigh* now that I live back in California I feel like I have more interest in contemplating dumb ideas.

One headline says

"California reveals when inflation relief checks"

the next headline

"Fed hikes benchmark rate 0.75% in significant escalation of inflation fight"

The Fed is trying to lower inflation by reducing the amount of money in the economy, and California wants to put more money back into the economy.

IDK if there is anyone left on this site to talk about these sort of things, but can anyone make it make sense?

People incorrectly believe "inflation" is driven by demand. It is actually driven by supply nowadays.

That's what happens when you lock down the entire world because of a virus. And people are surprised? Lol

The dollar is at an all-time high.

Most people have zero clue about basic macroeconomics. Idiocracy.

Posted by Reincarnation5

People incorrectly believe "inflation" is driven by demand. It is actually driven by supply nowadays.

That's what happens when you lock down the entire world because of a virus. And people are surprised? Lol

The dollar is at an all-time high.

Most people have zero clue about basic macroeconomics. Idiocracy.

I wish I knew how to insert sarcastic blank stare emoji here. A basic blank stare emoji wouldn't convey my contempt for your comment and my feelings for it redundancy as its stated.

If I could find the prefect emoji, then I could have plausible deniability for my conceit here, but now I have to out myself as an asshole again.

I'm trying to be a better person y'all!

Posted by Krabss

Hey astro! I wish i can help with or provide something smart.

No way.

Maybe thats the problem, too many people are trying to "help" or "do something" trying assert control into things that have way to many variables for a predictable outcome.

Posted by Astrobyn

*sigh* now that I live back in California I feel like I have more interest in contemplating dumb ideas.

One headline says

"California reveals when inflation relief checks"

the next headline

"Fed hikes benchmark rate 0.75% in significant escalation of inflation fight"

The Fed is trying to lower inflation by reducing the amount of money in the economy, and California wants to put more money back into the economy.

IDK if there is anyone left on this site to talk about these sort of things, but can anyone make it make sense?

Our economy is very complex.

What people need to remember is the fed has been supporting the higher level of economy through loans. 90% of us do not see a dime of that. It's used in turn loan normal citizens money and they take a cut. As well as prop up major companies who primary run on credit and indirectly the stock market. Most of the funds stay in that upper level, making money off of money rather then actual goods and services... basically a complex form of trickle down economics.

However stimulus goes directly to consumers and stimulus the real economy the vasty majority of us are in. The me put it to you this way. The money we spend actually supports the economy through demand.

The same can not be said about the banking system and stock market.

No disposable income no sales for said business. No deer and the wolves starves lol

Get what I'm trying to say?

P.S. The reason for inflation is because the upper levels only goal is to constantly turn a higher and higher profit and return for investors as much as they can, not the welbeing of the economy itself or the country it's self. They are slowly raising prices to achieve that objective ie profiteering.

This is why trickle down economics do not work. Why you cut taxes for citizens to stimulate the economy not business. Fatten the deer up not the wolves Lol

This unbalance is what causes economy collapses.

Posted by Professor_Moriarty

You moved back to Cali. Do you hang out with Kraft?

I do not, who is this?