d2jsp
Log InRegister
d2jsp Forums > Off-Topic > General Chat > Political & Religious Debate > Inflation Reduction Act Signed Into Law
Prev123
Add Reply New Topic New Poll
Member
Posts: 38,850
Joined: Aug 30 2005
Gold: 507.00
Aug 16 2022 03:49pm
Quote (ofthevoid @ Aug 16 2022 04:46pm)
It's literally called the inflation reduction act. If you are trying to reduce the inflation you take money out of the system, kind of like what the fed is doing right now. Quantitative tightening+ raising of rates so the cost of capital is so expensive that it slows spending.

When we are at 40 year highs in inflation the last thing we should do is spend hundreds of billions more and dub it "inflation reduction".



Sure, just cut all interest rates and loans and see what happens. I’m sure the economy will be just fine.
Member
Posts: 22,264
Joined: Aug 17 2021
Gold: 1,546.83
Warn: 30%
Aug 16 2022 03:50pm
Quote (thundercock @ Aug 16 2022 02:45pm)
Inflation is partially affected by the money supply. Does this bill reduce or increase the money supply?


The best and easiest way to change the money supply is to force the Federal reserve to stop printing so much money.

But let's all pretend we didn't see this.
Member
Posts: 23,970
Joined: Feb 28 2007
Gold: 35,554.14
Warn: 10%
Aug 16 2022 03:51pm
Quote (ofthevoid @ Aug 16 2022 04:46pm)
It's literally called the inflation reduction act. If you are trying to reduce the inflation you take money out of the system, kind of like what the fed is doing right now. Quantitative tightening+ raising of rates so the cost of capital is so expensive that it slows spending.

When we are at 40 year highs in inflation the last thing we should do is spend hundreds of billions more and dub it "inflation reduction".


They always say the opposite.
Anyone remember the patriot act?
Wasn't very patriotic, now was it?
Member
Posts: 38,850
Joined: Aug 30 2005
Gold: 507.00
Aug 16 2022 03:52pm
Quote (JessiWan @ Aug 16 2022 04:48pm)
Prove that inflation is just a normal part of life. That we should simply give up and just learn to live with it.



Inflation is normal for us when we are on the federal reserve system. We had to borrow more during the last few years. The goal is to get that 8% down to 1-3%.
Member
Posts: 22,264
Joined: Aug 17 2021
Gold: 1,546.83
Warn: 30%
Aug 16 2022 03:53pm
Quote (foxnews @ Aug 16 2022 02:52pm)
Inflation is normal for us when we are on the federal reserve system. We had to borrow more during the last few years. The goal is to get that 8% down to 1-3%.


Then maybe we shouldn't be on the federal reserve system?
Member
Posts: 12,201
Joined: Feb 13 2010
Gold: 14.88
Aug 16 2022 03:54pm
Quote (thundercock @ Aug 16 2022 02:45pm)
Inflation is partially affected by the money supply. Does this bill reduce or increase the money supply?


Current inflation is primarily caused by fuel costs and shortages on resources stemming from supply chain break down. Money supply can't make fuel more plentiful when it's government policy reducing volume.

I don't have enough info to speak on agricultural goods, but the signs from that industry are concerning as well. Fertilizer shortages and policies aimed at reducing output to alleviate the "climate crisis".

This is a supply side recession, and let's hope it doesn't completely shatter the bubble economy we've had or people will go hungry and things will get ugly.
Go Back To Political & Religious Debate Topic List
Prev123
Add Reply New Topic New Poll