Posts by W9SSN@mastodon.radio
 (DIR) Post #APVgqTb0z9VCkPrCXg by W9SSN@mastodon.radio
       2022-11-12T00:01:04Z
       
       0 likes, 0 repeats
       
       @stux this is Sam Blankman-Freid’s car
       
 (DIR) Post #AQbyHcAG6x4O2CyNbE by W9SSN@mastodon.radio
       2022-12-14T22:27:00Z
       
       0 likes, 0 repeats
       
       @pluralistic I tell people that inflation is both due to supply chain disruption due to COVID as well as the "price" that we are paying for avoiding a significant recession by using fiscal stimulus to allow people to keep their jobs and their homes. In the absence of fiscal stimulus, the housing market would have totally imploded and people would have been displaced making the problem 10x worse.
       
 (DIR) Post #AQbyHe3F60e5t1hnwO by W9SSN@mastodon.radio
       2022-12-14T22:30:53Z
       
       0 likes, 0 repeats
       
       @pluralistic The response to COVID was wayyyyyyyy better than the response to the GFC because funds got into the hands of those who needed them to avoid disruption in job and housing markets.
       
 (DIR) Post #AQbyZAg72j1K04FBIm by W9SSN@mastodon.radio
       2022-12-14T22:40:19Z
       
       0 likes, 0 repeats
       
       @bananarama @pluralistic true, but I think the key is that a downward shock on the supply side while maintaining the demand side through stimulus almost ensures some level of inflation. Yes there can be stimulus that does not cause inflation (infact, inflation is the real limit to deficit spending). I am saying that the stimulus definitely helped mitigate the costs that would have been seen if masses of people were displaced from jobs and housing simultaneously
       
 (DIR) Post #AQbyxENwub0mRnDk8G by W9SSN@mastodon.radio
       2022-12-14T22:44:39Z
       
       0 likes, 0 repeats
       
       @bananarama @pluralistic That's the misconception, I think. We don't need to increase unemployment to decrease demand. We should be facilitating full employment and helping on the supply side to tame inflation
       
 (DIR) Post #AQbzljh0mle41bDg2K by W9SSN@mastodon.radio
       2022-12-14T22:48:53Z
       
       0 likes, 0 repeats
       
       @bananarama @pluralistic That is why all these rate hikes recently are nonsensical, IMO. We're artificially increasing the cost of capital to business when we need to facilitate capital for production and expansion.
       
 (DIR) Post #AQbzm16S3R601QFjY8 by W9SSN@mastodon.radio
       2022-12-14T22:49:35Z
       
       0 likes, 0 repeats
       
       @bananarama @pluralistic in reality, rate hike are just universal basic income for people who have money 🤣
       
 (DIR) Post #Ajd0wbeJiPZ134NE7k by W9SSN@mastodon.radio
       2024-07-05T18:11:36Z
       
       0 likes, 0 repeats
       
       @markpentler "F in the chat" for your pork markets 🤣