Printing money raises inflation. Anyone who argues differently is a dolt.
Printing money raises inflation. Anyone who argues differently is a dolt.
I wouldn't have shut down the oil pipeline on day one and I would have put a stop to the PPP program, stimulus giveaways and unemployment giveaways. And I wouldn't have been calling inflation transitory in Dec of last year.
What would you have done?
Originally posted by: Jerry Ice 33
I wouldn't have shut down the oil pipeline on day one and I would have put a stop to the PPP program, stimulus giveaways and unemployment giveaways. And I wouldn't have been calling inflation transitory in Dec of this year.
What would you have done?
We do not have enough pipelines to move oil and gas around the county. Kevin argues that we still have pipelines.
Well, Kevin, the locations of oil and gas production changes. Kevin knows little to nothing about this topic, yet he spouts his uneducated opinion regularly. For example, NE doesn't have enough natural gas pipelines to move gas to market from Pennsylvania. Kevin abviously doesn't know this. There are not enough pipelines to move gas and oil from Wyoming. There are not enough pipelines to move gas and oil from the newest production areas in Texas. Kevin doesn't know this.
I prefer that people attempt to learn about a subject before becoming opinionated. Kevin's news sources don't address such topics, because doing so puts Biden in a bad light. Kevin is happily living as a mushroom.
Boiler, the idiot, thinks that pipelines are the only way to move fossil fuels. 'Nuff said!
Originally posted by: Boilerman
Printing money raises inflation. Anyone who argues differently is a dolt.
The government doesn't print money. It prints currency. This is waaay over your head.
Kevin, the whole printing $ versus currency thing is kind of lame. You clearly know what he means and what his point is.
Originally posted by: Kevin Lewis
Boiler, the idiot, thinks that pipelines are the only way to move fossil fuels. 'Nuff said!
Natural gas only moves by pipeline, and moving oil any other way is stupid.
Stupid truckers! Stupid railroaders! Stupid ship captains!
Originally posted by: Jerry Ice 33
Kevin, the whole printing $ versus currency thing is kind of lame. You clearly know what he means and what his point is.
Yes--and his point is manifestly, completely, utterly incorrect. He actually thinks that the government cranked up the printing presses and that's where the CARES Act money came from. That's so breathtakingly naive, I almost can't imagine the depths of ignorance such an idea comes from.
I know it feels SOOOOO good to just stand up and bleat that the dad-gum GUMMINT is A'PRINTIN' MUNNY and THAT THAR is why we have that DAD-GUM INFLAYSHUN. After all, simplistic thinking is so much easier and more comfortable than complex analysis.
The distinction between money and currency is absolutely essential to understanding macroeconomics, and one cannot possibly fathom monetary policy until one understands that distinction. So bitching about anything the government does in that area while lacking that fundamental understanding is simply...foolish.
You guys might think I'm trying to "defend" Biden. I don't want to, and I don't need to. The cumulative effect of his policies has been a tiny blip compared to all the factors that have actually been causing inflation. I know it's cheap and easy, thought-wise, to say, "Bad thing! Who President? Biden President! Bad thing Biden's fault!" But that's intellectually lazy, at the very least; partisan stupidity, at worst.
You argue for a more expensive method of transporation, for a more environmentally damaging method of transportation, and you argue for a more dangerous method of transportation. And until a few hours ago, you didn't know that natural gas must be moved by pipeline.
Why does Kevin want oil to move via any other way than pipeline?
