|
Joined: Sep 2011
Posts: 61,294 Likes: 31
Campfire Kahuna
|
Campfire Kahuna
Joined: Sep 2011
Posts: 61,294 Likes: 31 |
We all know about Germany between the wars.
These premises insured by a Sheltie in Training ,--- and Cooey.o "May the Good Lord take a likin' to you"
|
|
|
|
Joined: Jul 2011
Posts: 11,075
Campfire Outfitter
|
Campfire Outfitter
Joined: Jul 2011
Posts: 11,075 |
Government overspending, as in the many extraneous social programs and the Ukraine war, will burden us with inflation.
"There's more to optics than meets the eye."--anon
"...most of us would be better off losing half a pound around the waist than half a pound on our rifle."--dhg
|
|
|
|
Joined: Dec 2020
Posts: 197
Campfire Member
|
Campfire Member
Joined: Dec 2020
Posts: 197 |
The pain is only beginning. They only know how to spend, print,and tax. The war on fossil fuel, is making things 1000 times worse.
It doesn't matter who gets more votes, It matters who counts the votes.
|
|
|
|
Joined: May 2001
Posts: 18,354 Likes: 2
Campfire Ranger
|
Campfire Ranger
Joined: May 2001
Posts: 18,354 Likes: 2 |
Tax cuts would increase demand, fueling inflation.
What should be done, and should have been done a LONG time ago, is to restart student loan payments. That would have a significant impact on spending, immediately.
Second, we should increase labor availability. Active, regular reviews of disability status and other welfare programs prone to abuse. Limit student loans to no more than the annual average income in the chosen field. Remove the tax penalty for working while on SS.
Lots of ways to increase supply of labor and decrease spending that would be good for this country. Dutch, I agree with most of what your posted if not just to tamp down inflation, but also just good fiscal hygiene. But we know how far that would go in Washington. However what is your logic behind removing the tax penalty for work on SS?
Carpe' Scrotum
|
|
|
|
Joined: Jun 2008
Posts: 6,088 Likes: 5
Campfire Tracker
|
Campfire Tracker
Joined: Jun 2008
Posts: 6,088 Likes: 5 |
Tax cuts would increase demand, fueling inflation.
What should be done, and should have been done a LONG time ago, is to restart student loan payments. That would have a significant impact on spending, immediately.
Second, we should increase labor availability. Active, regular reviews of disability status and other welfare programs prone to abuse. Limit student loans to no more than the annual average income in the chosen field. Remove the tax penalty for working while on SS.
Lots of ways to increase supply of labor and decrease spending that would be good for this country. Dutch, I agree with most of what your posted if not just to tamp down inflation, but also just good fiscal hygiene. But we know how far that would go in Washington. However what is your logic behind removing the tax penalty for work on SS? I would assume it would incentivize some older folks to KEEP working, and help with the labor shortages we’re having.
|
|
|
|
Joined: Oct 2011
Posts: 59,283 Likes: 42
Campfire Kahuna
|
Campfire Kahuna
Joined: Oct 2011
Posts: 59,283 Likes: 42 |
They must have a massive warehouse full of that hidden away somewhere.
Osky We're do you think the toilet paper is going.
Paul
"I'd rather see a sermon than hear a sermon".... D.A.D.
Trump Won!, Sandmann Won!, Rittenhouse Won!, Suck it Liberal Fuuktards.
molɔ̀ːn labé skýla
|
|
|
|
Joined: May 2001
Posts: 18,354 Likes: 2
Campfire Ranger
|
Campfire Ranger
Joined: May 2001
Posts: 18,354 Likes: 2 |
Tax cuts would increase demand, fueling inflation.
What should be done, and should have been done a LONG time ago, is to restart student loan payments. That would have a significant impact on spending, immediately.
Second, we should increase labor availability. Active, regular reviews of disability status and other welfare programs prone to abuse. Limit student loans to no more than the annual average income in the chosen field. Remove the tax penalty for working while on SS.
Lots of ways to increase supply of labor and decrease spending that would be good for this country. Dutch, I agree with most of what your posted if not just to tamp down inflation, but also just good fiscal hygiene. But we know how far that would go in Washington. However what is your logic behind removing the tax penalty for work on SS? I would assume it would incentivize some older folks to KEEP working, and help with the labor shortages we’re having. How does that help with inflation?
Carpe' Scrotum
|
|
|
|
Joined: Jun 2008
Posts: 6,088 Likes: 5
Campfire Tracker
|
Campfire Tracker
Joined: Jun 2008
Posts: 6,088 Likes: 5 |
Tax cuts would increase demand, fueling inflation.
What should be done, and should have been done a LONG time ago, is to restart student loan payments. That would have a significant impact on spending, immediately.
Second, we should increase labor availability. Active, regular reviews of disability status and other welfare programs prone to abuse. Limit student loans to no more than the annual average income in the chosen field. Remove the tax penalty for working while on SS.
Lots of ways to increase supply of labor and decrease spending that would be good for this country. Dutch, I agree with most of what your posted if not just to tamp down inflation, but also just good fiscal hygiene. But we know how far that would go in Washington. However what is your logic behind removing the tax penalty for work on SS? I would assume it would incentivize some older folks to KEEP working, and help with the labor shortages we’re having. How does that help with inflation? Because employers can find (older) workers for $15/hr, rather than having to offer $25/hr, and passing the “inflated” cost along to customers?????? (Too much money chasing too few WORKERS (rather than goods, in this case. It increases the number of potential workers, since folks are incentivized to work longer in life)
|
|
|
|
Joined: May 2001
Posts: 18,354 Likes: 2
Campfire Ranger
|
Campfire Ranger
Joined: May 2001
Posts: 18,354 Likes: 2 |
How does that help with inflation? Because employers can find (older) workers for $15/hr, rather than having to offer $25/hr, and passing the “inflated” cost along to workers?????? Mmmm... Maybe. But I'm thinking of it from a monetary supply side increase and stifled energy production, not wage inflation. Seems that this wouldn't reduce the amount of money available as would something like restarting student debt payments. If the cause of this current round of inflation is because of government spending (Later COVID relief, debt relief, and the $1.7T spending bill in Dec), and I believe it is along with artificially capping energy production, then I don't see how wages are contributing much. Is there much if any wage inflation, yet?
Carpe' Scrotum
|
|
|
|
Joined: Jan 2006
Posts: 19,827 Likes: 2
Campfire Ranger
|
Campfire Ranger
Joined: Jan 2006
Posts: 19,827 Likes: 2 |
Supply and demand. The Fed chokes demand while the Dems choke consumer supply by spending on government programs and paying people not to work and flooding the supply of money. The Fed refuses to acknowledge the cross currents. It can't end well without a change in administration and soon.
"Be sure you're right. Then go ahead." Fess Parker as Davy Crockett
|
|
|
|
Joined: Jun 2008
Posts: 6,088 Likes: 5
Campfire Tracker
|
Campfire Tracker
Joined: Jun 2008
Posts: 6,088 Likes: 5 |
How does that help with inflation? Because employers can find (older) workers for $15/hr, rather than having to offer $25/hr, and passing the “inflated” cost along to workers?????? Mmmm... Maybe. But I'm thinking of it from a monetary supply side increase and stifled energy production, not wage inflation. Seems that this wouldn't reduce the amount of money available as would something like restarting student debt payments. If the cause of this current round of inflation is because of government spending (Later COVID relief, debt relief, and the $1.7T spending bill in Dec), and I believe it is along with artificially capping energy production, then I don't see how wages are contributing much. Is there much if any wage inflation, yet? Wage inflation??? That guy flipping your burger is making $20 an hour, now. Three years ago, he was making $10……
|
|
|
|
Joined: May 2001
Posts: 18,354 Likes: 2
Campfire Ranger
|
Campfire Ranger
Joined: May 2001
Posts: 18,354 Likes: 2 |
How does that help with inflation? Because employers can find (older) workers for $15/hr, rather than having to offer $25/hr, and passing the “inflated” cost along to workers?????? Mmmm... Maybe. But I'm thinking of it from a monetary supply side increase and stifled energy production, not wage inflation. Seems that this wouldn't reduce the amount of money available as would something like restarting student debt payments. If the cause of this current round of inflation is because of government spending (Later COVID relief, debt relief, and the $1.7T spending bill in Dec), and I believe it is along with artificially capping energy production, then I don't see how wages are contributing much. Is there much if any wage inflation, yet? Wage inflation??? That guy flipping your burger is making $20 an hour, now. Three years ago, he was making $10…… Good point.
Carpe' Scrotum
|
|
|
|
Joined: Jun 2008
Posts: 6,088 Likes: 5
Campfire Tracker
|
Campfire Tracker
Joined: Jun 2008
Posts: 6,088 Likes: 5 |
How does that help with inflation? Because employers can find (older) workers for $15/hr, rather than having to offer $25/hr, and passing the “inflated” cost along to workers?????? Mmmm... Maybe. But I'm thinking of it from a monetary supply side increase and stifled energy production, not wage inflation. Seems that this wouldn't reduce the amount of money available as would something like restarting student debt payments. If the cause of this current round of inflation is because of government spending (Later COVID relief, debt relief, and the $1.7T spending bill in Dec), and I believe it is along with artificially capping energy production, then I don't see how wages are contributing much. Is there much if any wage inflation, yet? Wage inflation??? That guy flipping your burger is making $20 an hour, now. Three years ago, he was making $10…… Good point. Yep. Check out this pay raise for commercial pilots: https://onemileatatime.com/insights/pilot-pay-raises-sustainable/
|
|
|
|
Joined: Oct 2022
Posts: 52
Campfire Greenhorn
|
Campfire Greenhorn
Joined: Oct 2022
Posts: 52 |
It's not complicated. The only shortage that would be beneficial is a scarcity of paper for printing money.
**BEWARE SCAMMER BEWARE SCAMMER BEWARE SCAMMER**
|
|
|
|
Joined: Feb 2008
Posts: 8,665 Likes: 2
Campfire Outfitter
|
Campfire Outfitter
Joined: Feb 2008
Posts: 8,665 Likes: 2 |
Mortgage applications at 28-year lowThe markets have held up better than I would have thought and inflation is proving tougher to control than the Fed expected. I'm bearish but wouldn't be surprised if the government actually lets inflation run higher for longer instead of interest rates. The Mortgage Market Cum’n to a Halt if J. Rome Continues his Quest.. Banks make the Spread between Short End T’s an Loan at a Rate which is Above That .. If the Short End is Higher than the Long End then it’s 52 Card Pick Up .. The End ..
|
|
|
|
Joined: Sep 2011
Posts: 61,294 Likes: 31
Campfire Kahuna
|
Campfire Kahuna
Joined: Sep 2011
Posts: 61,294 Likes: 31 |
It's not even paper, dots on a computer screen.
These premises insured by a Sheltie in Training ,--- and Cooey.o "May the Good Lord take a likin' to you"
|
|
|
|
Joined: Jan 2002
Posts: 12,900 Likes: 5
Campfire Outfitter
|
Campfire Outfitter
Joined: Jan 2002
Posts: 12,900 Likes: 5 |
How does that help with inflation? Because employers can find (older) workers for $15/hr, rather than having to offer $25/hr, and passing the “inflated” cost along to workers?????? Mmmm... Maybe. But I'm thinking of it from a monetary supply side increase and stifled energy production, not wage inflation. Seems that this wouldn't reduce the amount of money available as would something like restarting student debt payments. If the cause of this current round of inflation is because of government spending (Later COVID relief, debt relief, and the $1.7T spending bill in Dec), and I believe it is along with artificially capping energy production, then I don't see how wages are contributing much. Is there much if any wage inflation, yet? Wage inflation??? That guy flipping your burger is making $20 an hour, now. Three years ago, he was making $10…… Good point. There’s also a supply side to getting more people working. People who work PRODUCE goods and services. People who retire don’t. If a person of retirement age keeps working, they commonly will spend a bit more, but not everything they make. So the SUPPLY of goods and services increases by a full worker’s share, but the DEMAND for the goods and services they produce grows only a fraction of that full share. Likewise, if you can move someone into the workforce instead of going to grad school for gender studies, they produce a full share rather than zero, but their consumption only goes up a fraction of a share. Both examples of how increasing the workforce is anti inflationary. Conversely, increasing unemployment by reducing business activity reduces the number of people producing, but not the number who are consuming. That is clearly inflationary. Now, I’m not at ALL opposed to a guy making $20 an hour for changing my oil or bagging my groceries. Well paying jobs are good for our society. But just making all the numbers bigger (wages and expenses) doesn’t do anybody much good. And neither does jacking up the interest rate to “slow down the economy”. It’s asinine. The inflation spiral,in the 70’s was started when Carter misjudged OPEC and the oil shock happened. It ended DESPITE Volcker making it worse with his interest rate policy when the price of oil came back down. But, economists like to think they “solved the crisis”.
Sic Semper Tyrannis
|
|
|
|
549 members (222ND, 219DW, 1Longbow, 10ring1, 204guy, 1beaver_shooter, 65 invisible),
2,655
guests, and
1,178
robots. |
Key:
Admin,
Global Mod,
Mod
|
|
Forums81
Topics1,194,480
Posts18,529,651
Members74,033
|
Most Online11,491 Jul 7th, 2023
|
|
|
|