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From: AMuzi <am@yellowjersey.org>
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Subject: Re: Todays rant
Date: Sun, 1 Dec 2024 19:21:28 -0600
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On 12/1/2024 5:15 PM, Frank Krygowski wrote:
> On 12/1/2024 5:11 PM, Catrike Ryder wrote:
>> On Sun, 1 Dec 2024 16:55:50 -0500, Frank Krygowski
>> <frkrygow@sbcglobal.net> wrote:
>>
>>> On 11/30/2024 4:13 PM, AMuzi wrote:
>>>> On 11/30/2024 2:00 PM, Catrike Ryder wrote:
>>>>> On Sat, 30 Nov 2024 13:11:09 -0500, zen cycle
>>>>> <funkmasterxx@hotmail.com> wrote:
>>>>>
>>>>>>>
>>>>>>> https://www.usinflationcalculator.com/inflation/ 
>>>>>>> current-inflation-
>>>>>>> rates/
>>>>>>
>>>>>> Yup, a hangover from the trump administration. It took 
>>>>>> Biden another two
>>>>>> years to fix it.
>>>>>>
>>>>>>>
>>>>>
>>>>> Biden was inaugurated on 1/20/21. Inflation was 1.4%. 
>>>>> It began going
>>>>> up as soon as Biden sat down in the oval office and 
>>>>> signed 17
>>>>> executive orders. It was  4% by April, 7% by the end of 
>>>>> the year. It
>>>>> kept going up and didn't hit 9% until Biden had been 
>>>>> President for 17
>>>>> months. Biden owns the inflation.
>>>>>
>>>>>
>>>>> -- 
>>>>> C'est bon
>>>>> Soloman
>>>>
>>>> There is an argument that both administrations spent 
>>>> irresponsibly* but
>>>> the immediate actions to suppress fuel production and 
>>>> transport had an
>>>> immediate and drastic effect.
>>>
>>> All the reputable articles I've read say that yes, 
>>> Biden's stimulus
>>> efforts did add some to inflation; and BTW, so did 
>>> Trump's stimulus
>>> checks; but that those causes had far less effect than 
>>> the COVID
>>> pandemic and the invasion of Ukraine.
>>>
>>> But I expect that nobody who voted for the Republican 
>>> ticket will ever
>>> agree. As with so many other issues, many people love 
>>> simplistic
>>> answers, especially if they can blame politicians they 
>>> don't like.
>>
>> Biden's inflationary policies are only one reason the 
>> voters rejected
>> Democrats. The Democrats ridiculous actions in response to 
>> Covid was
>> another... and those actions also added to inflation.
> 
> That quick yap of a reply had a lag time of just 16 minutes.
> 
> Does our tricycle rider have an alarm set up to alert him 
> whenever I post?  ;-)
> 
> 
> 

But Mr Tricycle's comment is true and relevant.

Aside from general fiscal and monetary errors, the 
widespread overreactions to the Wuhan virus at State/local 
levels suppressed production while cash transfers (a 
substantial proportion of which were outright fraud*) 
enhanced demand amid that reduced supply. Classic error.


*Regarding recent comments on the bureaucracy (a.k.a. Deep 
State), the opportunity for self dealing was compelling:

https://news.wttw.com/2024/11/26/watchdog-uncovers-least-72m-ppp-loan-fraud-illinois-state-employees

Or as Juvenal asked, "Who watches the watchers?"


-- 
Andrew Muzi
am@yellowjersey.org
Open every day since 1 April, 1971