Where are you seeing inflation?

Absolutely not true, stupid Tommie-poo. 1) The money supply hasn't increased "dramatically." It's increased at a rate commensurate with other, similar periods in recent history. Of course, you can say "dramatically" if you want to be, um, dramatic.

2) An increase in the money supply only contributes to inflation IF that increase is proportionately larger than the corresponding increase in available goods and services. If you compare money supply growth to GDP growth for 2021, you'll see that the latter has been much larger than the former. Thus, Fed policies haven't been contributing to inflation, stupid Tommie-poo.

The current inflation is due to a sharp upward spike in demand for goods and services combined with supply conditions that have made it difficult to meet that demand. That's basic economics, and has nothing to do with government policy. Stupid, ignorant Tommie-poo.

Kevin, I know lots of people that just threw their stimulus into savings.  Didn't spend a dime.  I also know many businesses that didn't need the $ from PPP and dumped it right into their pockets. And many, were dreaded rich folk.  (That even made me sick.). And I know many in our state department who tell me the U/C system was completely outdated and ripe for fraud and they lost millions.  You can't possibly tell me none of that contributes to inflation.  But I appreciate your answer above.  

Also, no point in debating the shutdown as we won't agree but it caused a massive labor shortage on the other side.  Bars, restaurants, Target, etc, etc could not find workers so they raised wages.  In turn then, those same places had to raise prices. If a person is not one of those w increased wages or say in retirement, you just became poorer.  Right? All I'm saying is the shutdown, overzealous stimulus and extended juiced-up U/C contributed to this.  

Hey gang. Maybe I'm too late to the party, but here was a great way to hedge inflation by making a ton elsewhere:

Just invest in the oil companies. All of the majors just made their biggest profits in seven or eight years!!!! (Of course, those additional profits have NOTHING to do with inflation, right?)

Money supply (brought about by massive deficit spending) has increased by over 30%.  That is a key driver to inflation.

If the economy is so great why is biden continuing to push for his build back plan?

No point in discussing with old decrepit Mr Pussy.  He makes Kevin look sane.  In between his old-guy naps, he is busy cheering on the Russian assault of Ukraine because he is giddy about the sanctions.  No regard for the people of Ukraine; just go read his posts on this topic.  All he talks about is how well Biden is doing.  He finally found something he thinks he can tout with the puppet man.  What a total loser!  

Sorry, but I would appreciate it if you were a little more specific. So if you don't mind me asking, are you referring to the Trump Tax bill that adds 3.9 trillion to the deficit? 

TIA!

Stupid Tommie-poo, mentioning a percentage without a time frame is meaningless. Fuck, you're a moron. And as I already pointed out, an increase in the money supply contributes to inflation ONLY to the extent that it outpaces GDP growth. Idiot Tommie-poo.

Biden's plan would confer the greatest benefits, and would be easiest to implement, at a time when the economy is booming--like it is now. So that's why, stupid Tommie-poo.

Try not to be an asshole, Jerry--just for variety. MP isn't "cheering on" the invasion. He's cheering the fact that it's having consequences far worse for Putin than he anticipated.

But you know that. Don't be a prick just for the sake of being a prick.

Allow me to school you a bit more, Jerry. I'm quite well educated and well read in economics and monetary policy, so I do actually know what I'm talking about, and it's not a topic I view through some kind of partisan lens.

If $1 from a stimulus payment (or from anywhere else) goes into a savings account, the bank receiving it can now make $5 in additional loans (due to the 20% reserve requirement). Those loans can finance mortgages, allow businesses to fund capital, etc. etc. etc. So that money isn't stagnant. This is one of the many reasons why the government giving people money is often a very good idea--even, and especially if, the concept twists conservitard panties ("AH DONE WORKED FER EVERRY PENNY AND AH HATE SEEING DEM WELFARE QUEENS GITTIN' BIG CHECKS FROM DAT SOCIALIST GUMMINT!!!!!!!!!!!").

There was no labor shortage during the shutdown--because there was, um, a shutdown, and most businesses were either closed or sharply curtailed their operations. And as far as wage hikes are concerned--we're just catching up. Wages have been stagnant for decades and have lagged well behind increases in the cost of living. The pandemic made a lot of people rethink whether it was worth it to work shitty, low-paying, no-benefit jobs. The effect is to move just a leeeeetle bit, at least, of America's wealth from the pockets of the rich to those of the average Joe. After all, corporate America got a yuge lollipop from the Orange Pusbag in 2018. It's time they gave some of that back.

And we have a president that supports NATO instead of antagonizing it......not to mention he isn't a walking punchline amongst all of the EU leaders.