patrick.net

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.