Federal spending was responsible for the 2022 spike in inflation, research shows...Inflation is difficult to control. Its cause is often even harder to pinpoint.Blackvegetable » 27 Aug 2024, 7:20 am » wrote: ↑ What has brought inflation down? Like many economists, myself included, Powell believes that inflation was largely caused by “pandemic-related distortions” and that “the unwinding of these factors took much longer than expected but ultimately played a large role in the subsequent disinflation.”
Although Powell didn’t and couldn’t say so explicitly, this analysis implicitly exonerates the Biden administration. Many people, like Elon Musk — who, after demonstrating his political acumen last year by boosting Robert Kennedy Jr., has lately decided that he’s an expert on macroeconomics — attribute inflation to Biden-era government spending. Powell’s discussion suggests, however, that fiscal policy played at most a distinctly secondary role.
https://www.nytimes.com/2024/08/26/opin ... owell.html
FOXwatchers are soooo **** stupid.
JuCo 5 percenter...72
“Show me the man and I’ll find you the crime” ~ LAVRENTIY BERIA
"Try to get past your passionate ignorance and learn to accept what actually happened." ~ brown's unheeded words of wisdom Post the end date of Grifty's last fiscal year.ROG62 » 27 Aug 2024, 7:26 am » wrote: ↑ Federal spending was responsible for the 2022 spike in inflation, research shows...Inflation is difficult to control. Its cause is often even harder to pinpoint.
In attempting to understand the 2022 spike in inflation that followed the pandemic, some policymakers — up to and including President Joe Biden — blamed shortages in the supply chain. But a new study shows that federal spending was the cause — significantly so. Work smart with our Thinking Forward newsletterInsights from MIT experts, delivered every Tuesday morning.
“Our research shows mathematically that the overwhelming driver of that burst of inflation in 2022 was federal spending, not the supply chain,” said Mark Kritzman, a senior lecturer at MIT Sloan.
In writing “The Determinants of Inflation,” Kritzman and colleagues from State Street developed a new methodology that revealed how certain drivers of inflation changed in importance over time from 1960 to 2022.
In doing so, they found that federal spending was two to three times more important than any other factor causing inflation during 2022.
https://mitsloan.mit.edu/ideas-made-to- ... arch-shows
looks like he's trying to save his own ***...
you're soooo **** stupid...
Blackvegetable » 27 Aug 2024, 7:28 am » wrote: ↑ Post the end date of Grifty's last fiscal year.
Rog,
I'm quite sincere when I say this....You're an idiot.
Paul Krugman.Blackvegetable » 27 Aug 2024, 7:20 am » wrote: ↑ What has brought inflation down? Like many economists, myself included, Powell believes that inflation was largely caused by “pandemic-related distortions” and that “the unwinding of these factors took much longer than expected but ultimately played a large role in the subsequent disinflation.”
Although Powell didn’t and couldn’t say so explicitly, this analysis implicitly exonerates the Biden administration. Many people, like Elon Musk — who, after demonstrating his political acumen last year by boosting Robert Kennedy Jr., has lately decided that he’s an expert on macroeconomics — attribute inflation to Biden-era government spending. Powell’s discussion suggests, however, that fiscal policy played at most a distinctly secondary role.
https://www.nytimes.com/2024/08/26/opin ... owell.html
FOXwatchers are soooo **** stupid.
Yes...
so true, so true*Vegas » 27 Aug 2024, 9:03 am » wrote: ↑![]()
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He uses CNN/Bloomberg as his masters, and he says this?
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No thoughts, etc...copy/paste.
Blackvegetable » 27 Aug 2024, 8:53 am » wrote: ↑ Yes...
Nobel Laureate...
The guy who has it right, where the sources you are too ashamed to name get it wrong.
Don't.....Beekeeper » 27 Aug 2024, 9:17 am » wrote: ↑ AND HISTORICALLY PROVEN to be 100% WRONG about damn near everything except his name.....
Fact Checking Paul Krugman's Claim To Be "Right About Everything" | Mises Institute
Damn, another CURB STOMPING WITH **** EATING ADMINISTERED ONCE AGAIN WITH EASE AND GUSTO!!!
Blackvegetable » 27 Aug 2024, 7:20 am » wrote: ↑ What has brought inflation down? Like many economists, myself included, Powell believes that inflation was largely caused by “pandemic-related distortions” and that “the unwinding of these factors took much longer than expected but ultimately played a large role in the subsequent disinflation.”
Although Powell didn’t and couldn’t say so explicitly, this analysis implicitly exonerates the Biden administration. Many people, like Elon Musk — who, after demonstrating his political acumen last year by boosting Robert Kennedy Jr., has lately decided that he’s an expert on macroeconomics — attribute inflation to Biden-era government spending. Powell’s discussion suggests, however, that fiscal policy played at most a distinctly secondary role.
https://www.nytimes.com/2024/08/26/opin ... owell.html
FOXwatchers are soooo **** stupid.
stop there.Beekeeper » 27 Aug 2024, 10:39 am » wrote: ↑ You think that Nobel prize means something??
It doesn't when you are PROVEN WRONG in pretty much EVERYTHING you write for the NY SLIMES!! Because he studied some "trade pattern" doesn't make him a "world renown and trusted economist", DICKSUCKER! He barely can tie his shoe, much less fart in a whirlwind.
Dickface, your kneegrow GOD, ovomit won the Nobel Peace Prize as he started wars and expanded another one.
Just stop..Beekeeper » 27 Aug 2024, 10:49 am » wrote: ↑ Dickface, your kneegrow GOD, ovomit won the Nobel Peace Prize as he started wars and expanded another one.
So tell me, what does it mean?? OTHER than a bunch of COMMIES AND *** trying to find out who has the best dick sucking habits to award some meaningless prize to?? 40 years or so ago, it meant something. TODAY, it's a crock of ****!!