Thom -- On point, over and over again, many thanks. This is almost perfectly brief, yet comprehensive: Rs suck at economics.
My contribution attempt is Jerome Powell. He is conducting election interference, not economics.
Some could say he, and the whole Fed board voting with him, is like an ignorant old doctor bleeding the patient, because that didn't kill the patent last time and they don't know what else to do. ( and Volcker and Greenspan damn near did kill the patient, just this way, just not quite . . . I'm particularly frustrated that Krugman seems to be fully on board with the 'inflation' echoes, no caveats . . . )
Except Powell knows full well that Putin is the problem, and the Saudi cabals, and their ilk, and he has to know raising interest rates only amplifies Putin's program, and that view sickens me -- because they have to know, and if they know they are making extra efforts to lie in public and damage our republic, perhaps for a generation, perhaps longer. Everywhere in our public published discourse, people who should know better, and maybe do, parrot the idiocy: 'Inflation! Boo!'
War profiteering, price gouging, and the related injuries are *not* inflation!
We read 5% wage increases caused 10% price increases. Come again?
Congress would need to act. Robert Reich has advocated windfall profits taxes, but that would be slow and might not even come home to most citizens. Not a bad idea, but we need more.
We need to act like we are at war with dictators and dictatorship, and mobilize our economy with money and jobs to increase our security and prosperity, starting with real infrastructure investments, and probably including direct payments to families with children. We needed to do that earlier this year, but now, who knows . . . ?
so many fronts, so little time . . . hoping for a miracle, best luck to US -- b.rad
ps as someone who has 2 fancy engineering degrees and an uncommon US patent registration, and other experience and talents, looking for decent work for 3 years, the constant harangue that there are so many jobs, no one to work, is just another lie. I could even have trained for many of the jobs I have seen posted over and over again, by now. More than anything, we face a wall of lies.
Thom -- On point, over and over again, many thanks. This is almost perfectly brief, yet comprehensive: Rs suck at economics.
My contribution attempt is Jerome Powell. He is conducting election interference, not economics.
Some could say he, and the whole Fed board voting with him, is like an ignorant old doctor bleeding the patient, because that didn't kill the patent last time and they don't know what else to do. ( and Volcker and Greenspan damn near did kill the patient, just this way, just not quite . . . I'm particularly frustrated that Krugman seems to be fully on board with the 'inflation' echoes, no caveats . . . )
Except Powell knows full well that Putin is the problem, and the Saudi cabals, and their ilk, and he has to know raising interest rates only amplifies Putin's program, and that view sickens me -- because they have to know, and if they know they are making extra efforts to lie in public and damage our republic, perhaps for a generation, perhaps longer. Everywhere in our public published discourse, people who should know better, and maybe do, parrot the idiocy: 'Inflation! Boo!'
War profiteering, price gouging, and the related injuries are *not* inflation!
We read 5% wage increases caused 10% price increases. Come again?
Congress would need to act. Robert Reich has advocated windfall profits taxes, but that would be slow and might not even come home to most citizens. Not a bad idea, but we need more.
We need to act like we are at war with dictators and dictatorship, and mobilize our economy with money and jobs to increase our security and prosperity, starting with real infrastructure investments, and probably including direct payments to families with children. We needed to do that earlier this year, but now, who knows . . . ?
so many fronts, so little time . . . hoping for a miracle, best luck to US -- b.rad
ps as someone who has 2 fancy engineering degrees and an uncommon US patent registration, and other experience and talents, looking for decent work for 3 years, the constant harangue that there are so many jobs, no one to work, is just another lie. I could even have trained for many of the jobs I have seen posted over and over again, by now. More than anything, we face a wall of lies.