Liberal Forum

Blackvegetable » 24 May 2022, 9:51 am » wrote: ↑

24 May 2022, 9:51 am

Huey » 24 May 2022, 8:32 am » wrote: ↑

24 May 2022, 8:32 am

Some Senate Republicans, meanwhile, have a plan to hamper inflation for good. A bill introduced by Sen. Tim Scott of South Carolina on January 12 aims to ban government spending that's estimated to lift inflation above a 4.5% year-over-year rate. The measure would use estimates from the Congressional Budget Office of a bill's effect on the Consumer Price Index. Though the proposal has only been introduced, it boasts 12 cosponsors and represents the GOP's latest plan to strike down Biden's ambitious spending plans.

And

Inflation is mostly in the hands of the Fed now anyway

And for all the discussion both parties are poised to have around inflation, neither has the silver bullet to cool price growth. The Fed is the only authority that can raise interest rates, which is historically the most effective way to rein in price growth.

https://www.businessinsider.com/inflati ... ing-2022-1

Have they quantified the anticipated effect?

Lest you start with the runny/runny, it is entirely doable.

With math.


So, I'm guessing we're done here.