patrick.net

RWSGFY says

WookieMan says

I think Trump bloviated on the Ukraine war ending.

Yep, he was full of shit and he finally admitted his impotence today in the "hockey" comment.

(Why does he keep referring to hockey - was he ever a hockey guy?)

1 year and 2x24 hours of ending a war in 24 hours.

Prediction: SCROTUS tells Trump his Tariffs are not legal but does not force the US to make re-payments. The next day Trump reinstates Tariffs using alternate laws.

Venezuela 2025 covfefe was predicted in 2020: https://m.youtube.com/watch?v=g5KdibEvBH4&pp=ugUEEgJlbg%3D%3D

Trump is gonna propose a Tariff rebate to US citizens making less than $200k per year of about $2k.

The media and economists will say that this is inflationary.

Trump will wallop them by saying that these media and economists said that putting the tariffs in place was inflationary. He will further use this to show that the Federal Reserve was full of crap for not lowering interest rate further and vocally saying that his tariffs were inflationary when they were in fact the exact opposite.

Hopefully, by showing how incompetent the FOMC is, he can clean house there.

Misc says

Trump is gonna propose a Tariff rebate to US citizens making less than $200k per year of about $2k.

The media and economists will say that this is inflationary.

Handing out money is always inflationary, just as easy credit is inflationary. That is because prices are set to market and the market price goes up when excess cash is sloshed around. With tariffs, the market price is unaffected so whether the importer or the customer pays the extra costs depends on the elasticity of demand. For example, the iPhones that had a market price of $800 cost $20 each to make. The market price is already at the revenue maximizing price, so increasing the price will lower sales too much, thus Apple would pay any tariffs.

Misc says

Hopefully, by showing how incompetent the FOMC is, he can clean house there.

RWSGFY says

RWSGFY says

1 year later: did not.

Agreed. And he's starting up Venezuela.

HeadSet says

Handing out money is always inflationary,

Not if the money was taken from existing money elsewhere...such as tariffs do.

MolotovCocktail says

Not if the money was taken from existing money elsewhere...such as tariffs do.

So if welfare handouts are increased that would not be inflationary since the money came from taxes? Money is fungible, handing out cash drives up prices no matter where you claim the money came from.

HeadSet says

MolotovCocktail says

Not if the money was taken from existing money elsewhere...such as tariffs do.

So if welfare handouts are increased that would not be inflationary since the money came from taxes? Money is fungible, handing out cash drives up prices no matter where you claim the money came from.

Especially they print it out of thin air. We are buying our own debt. That’s inflation.

FortWayneHatesRealtors says

Especially they print it out of thin air. We are buying our own debt. That’s inflation.

Yep. Monetizing debt.

That is why productivity like improvements in the egg industry, oil/gas sector, etc. is required to ensure even with monetary and fiscal policies that standard of living is not progressively worsened for the working and middle class.

I'd just like to see some reforms in the healthcare industry, and still with doctors and nurses being well compensated.