AWFUL INFLAYSHUN!!! ITZ BIDENZ FAWLT!! Oh, wait...

Originally posted by: PJ Stroh

Inflation is high in every industrialized nation on the planet.   You know why Germany has an 8% inflation rate?  Because Joe Biden sent David Miller a welfare check during COVID.

 

Inflation by country 2023


Yeah, how could inflation be BIDENZ FAWLT if the country led by Biden has lower inflation than almost every other nation?

 

I invite stupid Tommie-poo to struggle to answer that one.

Impressive; the US has a lower inflation rate than Venezuela.  How does the "great" economist kevin explain for example; France, Japan & Australia?

 

According to kevin's chart 90 countries have lower inflation than the US.

 

The public should understand that the main causes of inflation today are overly accommodative monetary and fiscal policies – The Hill

 

https://www.economist.com/leaders/2023/05/11/joe-biden-is-more-responsible-for-high-inflation-than-for-abundant-jobs

 

According to a Morning Consult/Politico survey (pdf), 62 percent of registered U.S. voters believe the White House is responsible for the nation's rising inflation.

 

Mr. Boyer did his subject justice. His research took him all the way back to the 1978 lecture that Nobel Prize-winning economist Milton Friedman delivered at Kansas State University that has, in this era of rampant inflation, become an internet classic. Friedman began by saying that “inflation is made in Washington because only Washington can create money.” What’s more, “it’s always and everywhere a result of too much money, of a more rapid increase in the quantity of money than in output. Inflation in the United States is made in Washington and nowhere else

 

Pushing interest rates up to reduce overall demand is how the Fed addresses inflation, but there is another side of the economy that Biden and Congress could address—the supply side. Since inflation is the result of too much money chasing too few goods, both decreasing the money supply and increasing production of goods and services slow inflation. - Forbes

 

Democrats passed Biden’s ironically named $1.9 trillion American Rescue Plan. Prior to the bill’s passage, Larry Summers, the secretary of the Treasury under President Clinton, warned that it could “set off inflationary pressures of a kind we have not seen in a generation.”

tom asks, "How does the "great" economist kevin explain for example; France, Japan & Australia?"

 

I'll take that one. France's inflation rate is 5.67%. Australia's is 6.5% The US inflation rate is 3.67%. The moral of the story is THANKS BIDEN!

 

tom, got any more softballs for me? It's good for my self-esteem.

 

 

Originally posted by: MisterPicture

tom asks, "How does the "great" economist kevin explain for example; France, Japan & Australia?"

 

I'll take that one. France's inflation rate is 5.67%. Australia's is 6.5% The US inflation rate is 3.67%. The moral of the story is THANKS BIDEN!

 

tom, got any more softballs for me? It's good for my self-esteem.

 

 


Congratulations on refuting and schooling stupid Tommie-poo. Not that it's really much of a challenge to do so.


Inflation has gone up the last 2 months and is headed to 4% as food, energy, housing and interest rates continue to rise

Originally posted by: tom

Inflation has gone up the last 2 months and is headed to 4% as food, energy, housing and interest rates continue to rise


It's time to play "Twist the Statistics" with stupid Tommie-poo!

Originally posted by: MisterPicture

tom asks, "How does the "great" economist kevin explain for example; France, Japan & Australia?"

 

I'll take that one. France's inflation rate is 5.67%. Australia's is 6.5% The US inflation rate is 3.67%. The moral of the story is THANKS BIDEN!

 

tom, got any more softballs for me? It's good for my self-esteem.

 

 


Quoting myself here, since tom didn't respond.

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