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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This administration loves to say that inflation is a global phenomenon and throws up its hands but that's pretty dishonest.

Biden could ease Trump tariffs that made no sense back then and definitely no sense now.

He should also not entertain this dumb idea of forgiving student loan debt and putting more money into people's hands.  Every time this administration has listened to the progressive faction (Bernie/Warren/Jayapal) has been ruinous for the rest of the country.

[/quote]

Please cite these ruinous policies for us less erudite folks. [/quote]

It's called the American rescue plan.  Big payouts to local/state governments that didnt need it to bail poorly run democratic cities like NYC and Chicago.  Generous unemployment benefits to pay people not to work and transfer payments to families with kids like universal income lite.

Throw in some other dumb stuff like eviction and student loan moratoriums also made under dishonest pretenses.  There is no huge public health crisis now that evictions of deadbeats are back to normal.  How could you keep claiming there is no a strong job market with record level unemployment while still letting people not pay their debts to the govt.     [/quote]

+1000000

Couple that with explosion in the Fed balance sheet to $9T and this is the result.  Democrats, predictably of course, will never, ever admit huge govt spending and intervention are the root of the problem. It's like they've never taken a course on basic economics and have never learned about what happens when you flood the economy with sooooooo much money and credit liquidity.  Sugar rush always leads to sugar crash.

Hopefully this massively failed experiment with MMT will finally put the nail in coffin of that utterly asinine idea.  Yes, there really are consequences for when the govt tries to hand out a whole bunch of freebies. The idea that you can spend unlimited amounts of money for a whole bunch of stupid social programs is pure insanity.  [/quote]

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