Post AMDryJW9W8U6swAWxc by qoheniac@layer8.space
(DIR) More posts by qoheniac@layer8.space
(DIR) Post #AMDrOc8YoTggCv6wRk by freemo@qoto.org
2022-08-05T15:58:30Z
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Democrats: Trump is responsible for the recessionRepublicans: Biden is responsible for the recessionReality: Trump started the recession with excessive quantitative easing reaching a record 7% inflation by the end of his term. Biden made the recession worse with excessive spending and taxes bringing it to the highest level in the last half a century at over 9%.#uspol
(DIR) Post #AMDryJW9W8U6swAWxc by qoheniac@layer8.space
2022-08-05T16:04:56Z
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@freemo I am young and have no money, so for me inflation is much better than lack of labour. It all depends on your perspective, I guess.
(DIR) Post #AMDu0A5Ll0S27Qdo0m by berkes@bitcoinhackers.org
2022-08-05T16:27:44Z
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@freemo so basically whynotbothgirl.jpg
(DIR) Post #AMEYGsueqyZDwtAX3Y by sturgman@qoto.org
2022-08-05T23:58:56Z
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@freemo recessions are not equal to inflation, are they?
(DIR) Post #AMEYoLzhkaX5hQUMVM by sturgman@qoto.org
2022-08-06T00:05:00Z
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@freemo and Trump did not have 7% inflation by the end of his term. Inflation is complex and affected by myriad factors. Pretending that it is just about QE, spending, and taxes is naive and feeds right into political rhetoric.
(DIR) Post #AMFCn3UV3XXSBnpQzw by freemo@qoto.org
2022-08-06T07:32:56Z
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@sturgmanThey are not, but they are related. Hyperinflation usually causes a recessoon but not all recestions cause inflation and low rates of inflation wont cause a recesion
(DIR) Post #AMFD2AOBguEpvZ57kO by freemo@qoto.org
2022-08-06T07:35:40Z
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@sturgman2020 to 2021 was the end of trumps term. Yes he had 7% average inflation by the end. You need to be careful as most ibflation charts use yearly rollinf averges and thus the inflation rate increase is delayednin the chartsHere is a quote from an accurate source:The annual average inflation rate between January 2021 to January 2020 was 7.3 percent.https://www.statistics.gov.rw/publication/consumer-price-index-cpi-january-2021#:~:text=Urban%20CPI%20increased%20by%202.8,January%202020%20was%207.3%20percent.So yea it already reached record highs under trump and continues to rise i to bidens term
(DIR) Post #AMFyVKgxA1IM7lGi12 by barefootstache@qoto.org
2022-08-06T16:27:36Z
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@freemoDoesn't the source reference the change in Rwanda? How would that apply to USA? @sturgman
(DIR) Post #AMG4NA0NbooEO8qEUa by sturgman@qoto.org
2022-08-06T17:33:22Z
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@freemo I'm not sure why you are citing Rwandan statistics (unless somewhere in that document they cite U.S. ones which I doubt). Here is the year over year inflation (12-months) for the U.S. https://www.usinflationcalculator.com/inflation/current-inflation-rates/I guess you can try attributing the 5% in May half to Trump but I can't see how you attribute the 7% figure for 2021 to him. Regardless, my point is that there have been other factors besides policy and a particular president. I do agree that some of our government policies and stimulus contribute in a delayed fashion to inflation, but if that is the case, no intervention is necessary because those disturbances were localized and temporary.
(DIR) Post #AMH9sheNGFwUduMuNU by freemo@qoto.org
2022-08-07T06:09:46Z
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@sturgmanOops wrong link, ill send the correct one later. As i already stated youd need month to mo th to see the 7%, rolling average of year over year will not show monthly trends.
(DIR) Post #AMHA45o1n79okIJaRU by freemo@qoto.org
2022-08-07T06:11:49Z
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@sturgmanHer are tbe mobthly usa inflation statistics. As you can clearly see at the end of 2021 during trumps term it was 7% reaching a high we hadnt seen in decades.https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
(DIR) Post #AMHACMfEzpwbLb9JT6 by freemo@qoto.org
2022-08-07T06:13:19Z
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@barefootstacheIt was the wrong link. Here is the correct one:https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/@sturgman