patrick.net

Yes! we have inflation now, but if you have a government and Fed that sweeps inflation under the rug and cuts checks for loses.
Then we get stuck in a rut where the same assholes are preordained to be rich, stay rich and never fail.

I saw an article the other day where a sting was set up to catch unlicensed contractors they caught 9 of them. All white guys older than 50 that were around when we used to build shit. These 9 guys are probably 9 of the last guys left in America that can build you a house that isn't going to leak, and fall to shit within Ten years.
In every state and every City bad actors has lobbied to make Construction and home remodeling business of anything from pouring foundations to laying carpet. Something that is highly burdened with regulatory fees and insurance. That they only way you can afford to be in compliance is if you own the only work shop in your whole county and you hire illegal Aliens or Immigrants that live 10 adults in one house. They get every contract in their town and how dare those 9 Guys attempt to do Jobs the Liberals have determined "White People wont do!".

It's what drove me out of the flooring business I saw the writing on the wall. I didn't want to run a Cha Cha Sweat shop so I learned to code and got the fuck out.
My friends in the trade still struggle.

Anyone understands the irony of making sure any labor intensive task is off-shored and Americans are in competitions will illegal immigrants for low wages jobs, while at the same time ramping up the debt and flooding banks with trillions of dollars of extra cash to prevent deflation.
I guess someone profits from the insanity.

Protectionism = higher wages for Americans.

Booger says

Protectionism = higher wages for Americans.

True, but the consumer ends up paying more.
The best case scenario is...we import low margin crap from them that saves us money, and make them buy high margin tech laden stuff from us like Boeing Jets, super computers and Tesla cars. They win, and we win more.

Inflation is a great deal for anyone in debt. Like almost every homeowner in America.
Bring it!

Quigley says

Inflation is a great deal for anyone in debt. Like almost every homeowner in America.

Bring it!

by this reasoning Inflation is what made America great! Is that what MAGA is all about?

Strategist says

True, but the consumer ends up paying more.

The entire problem of the current economy is the money is hoarded by the rich and doesn't go to the people who would spend it.
Money velocity is very low.
This is achieved if people pay more (and also are paid more): that means more money circulating, more growth, more inflation. The very things the fed say they want.

Next time you hear Bloomberg complaining that protectionism will raise prices of this or that, remember that it is the point.

Legitimate reasons for inflation:
1) The opposite of inflation causes the economy to grind to a halt. Unemployment would soar.
2) A target of 2% inflation allows people to cut effective salaries without cutting nominal salaries. This is the only way long term businesses can stay competitive with new businesses if salaries are going down.
3) Monetary policy (reducing interest rates) to stimulate the economy only works if interest rates can drop. Interest rates cannot drop below zero. Therefore target interest rates have to be at least 2%. Many economists argue for 4%.

Reasons that inflation doesn't hurt savings:
1) Savings can (should) be invested to achieve rates greater than inflation.

Legitimate reasons for having zero inflation:
1) ...

Quigley says

Inflation is a great deal for anyone in debt. Like almost every homeowner in America.

Bring it!

Wage inflation, maybe

Tenpoundbass says

What in the fuck are you doing hiring illegal Mexicans

They weren't illegal - wogster personally e-verifyed every one of them. Not.