Hodad Posted November 1, 2024 Report Posted November 1, 2024 Just now, Nationalist said: "INFLATION IS GOOD!" LOL...bye numb-nuts. I'm going to go home and explain it to my dog. I think he's more likely to catch on. You're a total waste. Quote
robosmith Posted November 1, 2024 Author Report Posted November 1, 2024 5 minutes ago, Nationalist said: "INFLATION IS GOOD!" LOL...bye numb-nuts. LOL... IF you weren't so stupid, you might figure out why 2% is the inflation target. You're welcome. The Origins of the 2 Percent Inflation Target Federal Reserve Bank of Richmond https://www.richmondfed.org › q1_q2_federal_reserve The FOMC established its explicit inflation target in January 2012 after a decades-long deliberation. It came in part from the Richmond Fed. Why does the Federal Reserve aim for inflation of 2 percent ... Federal Reserve Board (.gov) https://www.federalreserve.gov › faqs › economy_14400 Aug 27, 2020 — By seeking inflation that averages 2 percent over time, the FOMC will help to ensure longer-run inflation expectations remain well anchored at 2 ... Why the 2% inflation target? University of Michigan https://sites.lsa.umich.edu › mje › 2023/09/04 › why-th... Sep 4, 2023 — This meant that costs only would have to rise 2%, meaning that inflation slowed. It also got rid of the inflationary cycle where one buys goods ... 1 Quote
Nationalist Posted November 1, 2024 Report Posted November 1, 2024 14 minutes ago, Hodad said: I'm going to go home and explain it to my dog. I think he's more likely to catch on. You're a total waste. Good idea. Your dog will agree inflation is good...as long as you give it a bacon treat afterwards. Quote Its so lonely in m'saddle since m'horse died.
Nationalist Posted November 1, 2024 Report Posted November 1, 2024 15 minutes ago, robosmith said: IF you weren't so stupid, you might figure out why 2% is the inflation target. You're welcome. The Origins of the 2 Percent Inflation Target Federal Reserve Bank of Richmond https://www.richmondfed.org › q1_q2_federal_reserve The FOMC established its explicit inflation target in January 2012 after a decades-long deliberation. It came in part from the Richmond Fed. Why does the Federal Reserve aim for inflation of 2 percent ... Federal Reserve Board (.gov) https://www.federalreserve.gov › faqs › economy_14400 Aug 27, 2020 — By seeking inflation that averages 2 percent over time, the FOMC will help to ensure longer-run inflation expectations remain well anchored at 2 ... Why the 2% inflation target? University of Michigan https://sites.lsa.umich.edu › mje › 2023/09/04 › why-th... Sep 4, 2023 — This meant that costs only would have to rise 2%, meaning that inflation slowed. It also got rid of the inflationary cycle where one buys goods ... "INFLATION IS GOOD!" LOL...So ridiculous. Quote Its so lonely in m'saddle since m'horse died.
robosmith Posted November 1, 2024 Author Report Posted November 1, 2024 36 minutes ago, Nationalist said: "INFLATION IS GOOD!" LOL...So ridiculous. ^College dropout IGNORANT and uninterested in learning. Big surprise. LMAO Quote
Fluffypants Posted November 2, 2024 Report Posted November 2, 2024 (edited) 8 hours ago, robosmith said: Biden LEARNED from Obama's mistakes and went big on recovery. And it WORKED cause it didn't take the economy a decade to recover. Duh You don't know what you're talking about. Economists are the experts and all YOU have is ^BULLSHIT. You call economists "experts" in what, being wrong? Everyone has a theory but no one has figured it out beyond supply and demand. I guarantee you most economists that you think are the real experts are keynesian and all those dumbasses think government spending is the answer. I remember them during the Great Recession running their mouths about how the government needed to give people money and it will fix economy and then Bush did the stimulus and it didn't work and they came and said we weren't wrong you just didn't give people enough money. These are also the people who act like debt doesn't matter. They are like socialists where pure socialism has never worked anywhere and they keep saying it was because they didn't do it right. We just spent a ton of money to "fix" the economy and we got rampant inflation high ass interest rates. Are the economists that subscribe to Supply Side economics experts too? The problem is people will only subscribe to the theory that sounds good to them and everyone else is wrong. The biggest problem in Economics is they treat everything like its in a vacuum. The one place it always fails is that it doesn't take the randomness of people into consideration. That is why I don't consider academics like this "experts" because they are all theory and not reality because they haven't really lived in the real world and saw how it actually works. Edited November 2, 2024 by Fluffypants 3 Quote
Michael Hardner Posted November 2, 2024 Report Posted November 2, 2024 17 minutes ago, Fluffypants said: You call economists "experts" in what, being wrong? Everyone has a theory but no one has figured it out beyond supply and demand. I guarantee you most economists that you think are the real experts are keynesian and all those dumbasses think government spending is the answer. I remember them during the Great Recession running their mouths about how the government needed to give people money and it will fix economy and then Bush did the stimulus and it didn't work and they came and said we weren't wrong you just didn't give people enough money. These are also the people who act like debt doesn't matter. They are like socialists where pure socialism has never worked anywhere and they keep saying it was because they didn't do it right. We just spent a ton of money to "fix" the economy and we got rampant inflation high ass interest rates. Are the economists that subscribe to Supply Side economics experts too? The problem is people will only subscribe to the theory that sounds good to them and everyone else is wrong. The biggest problem in Economics is they treat everything like its in a vacuum. The one place it always fails is that it doesn't take the randomness of people into consideration. That is why I don't consider academics like this "experts" because they are all theory and not reality because they haven't really lived in the real world and saw how it actually works. It seems to me that you think you're smarter than acclaimed economists. The weird thing is that people resent Democrats for EXACTLY that sort of arrogance. The smartest economists I have listed to are very careful about what they say and try not to overstate things. 😂 2 Quote Click to learn why Climate Change is caused by HUMANS Michael Hardner
CdnFox Posted November 2, 2024 Report Posted November 2, 2024 11 hours ago, Hodad said: You know, I don't mind stupid people, really. That's a condition of birth. Really? So you were this way from birth and not dropped as a child? Dammit - I owe @nationalist $20. Did your mom do drugs during the pregnancy? I had a 5 dollar sidebet with westcanman about that and that would still count as a 'birth' condition! Quote There are two types of people in this world: Those who can extrapolate from incomplete data
Fluffypants Posted November 2, 2024 Report Posted November 2, 2024 1 hour ago, Michael Hardner said: It seems to me that you think you're smarter than acclaimed economists. The weird thing is that people resent Democrats for EXACTLY that sort of arrogance. The smartest economists I have listed to are very careful about what they say and try not to overstate things. 😂 I don't act like an arrogant ass and make baseless predictions hoping they work and its not like I am a supply sider either there are major flaws in all of these theories. A lot of this stuff looks good on paper but reality is very different. People are the x factor in all of this stuff and they rarely act like you assume they will. The economic crash was because we overreacted to Covid and the backlash was in a lot of ways worse than the crash. The best example I can give is good ole Raygun from Australia, she studied Breakdancing in an academic setting and was considered an expert until she actually did it in front of the world. Somehow she was able to trick a bunch of people into thinking she knew what she was doing, she was an expert afterall and most Australians probably barely know what breakdancing is so her spazzing out seemed right because she said it was right. Quote
robosmith Posted November 2, 2024 Author Report Posted November 2, 2024 6 hours ago, Fluffypants said: You call economists "experts" in what, being wrong? Everyone has a theory but no one has figured it out beyond supply and demand. I guarantee you most economists that you think are the real experts are keynesian and all those dumbasses think government spending is the answer. I remember them during the Great Recession running their mouths about how the government needed to give people money and it will fix economy and then Bush did the stimulus and it didn't work and they came and said we weren't wrong you just didn't give people enough money. These are also the people who act like debt doesn't matter. They are like socialists where pure socialism has never worked anywhere and they keep saying it was because they didn't do it right. We just spent a ton of money to "fix" the economy and we got rampant inflation high ass interest rates. Are the economists that subscribe to Supply Side economics experts too? The problem is people will only subscribe to the theory that sounds good to them and everyone else is wrong. The biggest problem in Economics is they treat everything like its in a vacuum. The one place it always fails is that it doesn't take the randomness of people into consideration. That is why I don't consider academics like this "experts" because they are all theory and not reality because they haven't really lived in the real world and saw how it actually works. You don't know what I think about what economists, so your guarantee is just BULLSHIT. 👋 Quote
Michael Hardner Posted November 2, 2024 Report Posted November 2, 2024 8 hours ago, Fluffypants said: I don't act like an arrogant ass and make baseless predictions hoping they work and its not like I am a supply sider either there are major flaws in all of these theories. A lot of this stuff looks good on paper but reality is very different. People are the x factor in all of this stuff and they rarely act like you assume they will. The economic crash was because we overreacted to Covid and the backlash was in a lot of ways worse than the crash. The best example I can give is good ole Raygun from Australia, she studied Breakdancing in an academic setting and was considered an expert until she actually did it in front of the world. Somehow she was able to trick a bunch of people into thinking she knew what she was doing, she was an expert afterall and most Australians probably barely know what breakdancing is so her spazzing out seemed right because she said it was right. Wow. You really do think that you're smarter than them. And a breakdancing analogy to boot... Quote Click to learn why Climate Change is caused by HUMANS Michael Hardner
Fluffypants Posted November 2, 2024 Report Posted November 2, 2024 6 hours ago, Michael Hardner said: Wow. You really do think that you're smarter than them. And a breakdancing analogy to boot... Maybe I am because at least I can recognize when their theories don't work and don't double down on them. You liberals love your academics but the problem they are almost all soft sciences that when you run the same same experiment multiple times you most likely are going to get very different results. Breakdancing was a good analogy because studying something and theorizing about it doesn't make you good at it. Quote
Rebound Posted November 2, 2024 Report Posted November 2, 2024 On 10/31/2024 at 10:31 AM, CdnFox said: That economy is 100% reliant on government spending. Remember that the people also inherited remarkable inflation as a result. But that spending is unsustainable. You can't just keep spending more and more money forever, even as an anchor economy and currency the US will eventually suffer from that. So the challenge for the next government will be to pull back on the throttle of government spending while at the same time looking for a soft landing for the economy. It will be no easy task Highest deficit was under Trump, not Biden Quote @reason10: “Hitler had very little to do with the Holocaust.”
robosmith Posted November 2, 2024 Author Report Posted November 2, 2024 20 hours ago, Fluffypants said: I don't act like an arrogant ass and make baseless predictions hoping they work and its not like I am a supply sider either there are major flaws in all of these theories. A lot of this stuff looks good on paper but reality is very different. People are the x factor in all of this stuff and they rarely act like you assume they will. The economic crash was because we overreacted to Covid and the backlash was in a lot of ways worse than the crash. The best example I can give is good ole Raygun from Australia, she studied Breakdancing in an academic setting and was considered an expert until she actually did it in front of the world. Somehow she was able to trick a bunch of people into thinking she knew what she was doing, she was an expert afterall and most Australians probably barely know what breakdancing is so her spazzing out seemed right because she said it was right. Who are you to determine the ART of breakdancing is right or wrong? Do you even know how to breakdance? Or just "know" what you like. LMAO 5 hours ago, Fluffypants said: Maybe I am because at least I can recognize when their theories don't work and don't double down on them. You liberals love your academics but the problem they are almost all soft sciences that when you run the same same experiment multiple times you most likely are going to get very different results. Breakdancing was a good analogy because studying something and theorizing about it doesn't make you good at it. And your OPINION doesn't make them bad... Quote
Fluffypants Posted November 2, 2024 Report Posted November 2, 2024 1 minute ago, robosmith said: Who are you to determine the ART of breakdancing is right or wrong? Do you even know how to breakdance? Or just "know" what you like. LMAO Who is defending Raygun? She got 0 from the Olympic judges. She sucked so bad she couldn't get a single point. Its not me judging the art of breakdancing it is actual people who judge breakdancing who judged her to be the absolute worst. Quote
robosmith Posted November 2, 2024 Author Report Posted November 2, 2024 17 minutes ago, Fluffypants said: Who is defending Raygun? She got 0 from the Olympic judges. She sucked so bad she couldn't get a single point. Its not me judging the art of breakdancing it is actual people who judge breakdancing who judged her to be the absolute worst. So you're saying she was the best the Australians had and no one on their Olympic committee knew she was bad? LMAO Guess you don't know that Art is a matter of OPINION which often changes. Duh Quote
CdnFox Posted November 3, 2024 Report Posted November 3, 2024 1 hour ago, Rebound said: Highest deficit was under Trump, not Biden Sorry kiddo, you're wrong. Trump's total deficit over his term was far less than biden's total deficit. Biden borrowed FAR more money. I know what you were trying to do, you were trying to pretend that the covid years deficits were somehow trump's fault, which is pretty much an admission you were lying But EVEN WITH that, trump's total deficit was lower. So nope, biden borrowed more money by far. Worst total deficit in history by a fair amount. Lets take a look, here's the trump and biden years Biden loses no matter how you slice it. Average deficit, total deficit, i mean he never even got close to trumps precovid deficit But thanks for bringing it up - always fun to point out how much worse biden was Quote There are two types of people in this world: Those who can extrapolate from incomplete data
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