Then why isn't inflation a huge problem in Switzerland?
Elon Musk | Doer of things on X and sad little man
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Why do you hate Milton Friedman?
I see you cherry picked Switzerland to make your point. Currently the Eurozone, Germany, UK, and the Netherland are all at 10%+. Amazing that those are all happening at the same time since there is no international influence.
I for one, am livid that Joe Biden is causing such inflation in the Netherlands. What a cnut!
Really though, you can hardly blame the occassional troll in the CE forum. No place jumps on them like we do
It definitely makes sense to compare America to Switzerland, keep that one going.
No. That's down to the clowns in the ECB who admitted they messed up.I for one, am livid that Joe Biden is causing such inflation in the Netherlands. What a cnut!
Really though, you can hardly blame the occassional troll in the CE forum. No place jumps on them like we do
https://ecaef.org/inflation-we-were-wrong/
We've had 14 years of quantitative easing.
You can't make silly sweeping statements like inflation is ALL JOE BIDEN'S FAULT and all economists agree that government spend is the cause of inflation and then expect reasonable and nuanced debate debate. You are obviously not looking for that.
More power to you though, who doesnt like a good trollin'
Wait, now it's the ECB? Janet Yellen (who has not been in the Fed since 2018)? I thought it was all Biden's fault?
That's simply not true. Many factors contribute to inflation, especially in this very specific economic environment.
You also realize that the equity bull run was, in part, helped by excess spending power in the economy as a result of stimulus packages during covid?
Turning this back on topic, I really want to know if this was a post by you in good faith or just part one of your troll the CE forum holiday.
What evidence do you have that it wasn't?
When Elon brakes in a tesla do you also assume no one else ever slowed a car before?
You're a bit all over the place, and you're shooting yourself in the foot. When you mention the Fed and the ECB, that's monetary policy. If you want to blame the lax monetary policy since the financial crisis for the current levels on inflation, alright. Do you want to criticize them for their (lack of or slow) reaction to the rise of inflation? Ok. The Fed and the ECB are independent entities, Biden doesn't control either. So if you want to blame Biden by saying that this is because of the Fed, then you're wrong. You therefore have to allow for government spending to cause inflation, because you want to blame Biden:
I'm highlighting government spending here because you're opening the door to non-monetary sources of inflation. When you say that government spending can cause inflation, what you're saying is that government spending can increase demand, which can then cause inflation.
You're saying that government spending can create a positive demand shock, shifting the AD curve outward. Of course, other things can shift the AD curve, which would then also cause changes in the price level, but that's not the most relevant part. As you can see, we have a supply thing going on as well here.
- What happens to the price level if the blue supply curve shifts inward?
- Can you think of any global factors the last two years that might have an impact on aggregate supply?
Oh dear.
https://www.newsweek.com/while-blue...g-sexually-exploited-children-opinion-1761383
"Twitter refused to remove the illegal material and instead continued to promote and profit from the sexual abuse of the children," reads the lawsuit. Twitter even reported back to John Doe #1 that the video in question did not violate any of their policies.
Musk is taking a line straight out of the Q Anon/right wing mentalist playbook here. Barely stopping short of accusing the liberal elite of child sex trafficking. Obviously playing to his base (people like you) but a real worry considering the power he has in his current role.
I think you have your answer. This feels like a new low for the Caf, but maybe I'm just naive.
An opinion piece which references a story they 'heard about' featuring John Doe#1 and John Doe#2 while painting Musk as a hero. Compelling stuff, tell me more.
Oh, you were actually serious...
That article itself says twitter was tackling it just not to the standard the writer would like. I'm not a twitter user but I had thought tweets had the report function for a very long time?
they have an energy mix that means they're less exposed to oil and gas costs
cost of living there is already incredibly high
that's two reasons for starters
Elon invented brakes!!
That settles that then. No other possibilities for inflation exist. Got it.
Sept 28 (Reuters) - Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have suspended their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets soliciting child pornography, the companies told Reuters.
https://www.reuters.com/technology/...s-next-child-pornography-accounts-2022-09-28/
What the hell were twitter at? Very poor moderation.
Excellent post. It's also worth noting that inflation can't be looked at as an insular phenomena. Many countries are experiencing inflation right now primarily as a result of the international dynamics of global aggregate supply, demand, and monetary policy.You're a bit all over the place, and you're shooting yourself in the foot. When you mention the Fed and the ECB, that's monetary policy. If you want to blame the lax monetary policy since the financial crisis for the current levels on inflation, alright. Do you want to criticize them for their (lack of or slow) reaction to the rise of inflation? Ok. The Fed and the ECB are independent entities, Biden doesn't control either. So if you want to blame Biden by saying that this is because of the Fed, then you're wrong. You therefore have to allow for government spending to cause inflation, because you want to blame Biden:
I'm highlighting government spending here because you're opening the door to non-monetary sources of inflation. When you say that government spending can cause inflation, what you're saying is that government spending can increase demand, which can then cause inflation.
You're saying that government spending can create a positive demand shock, shifting the AD curve outward. Of course, other things can shift the AD curve, which would then also cause changes in the price level, but that's not the most relevant part. As you can see, we have a supply thing going on as well here.
- What happens to the price level if the blue supply curve shifts inward?
- Can you think of any global factors the last two years that might have an impact on aggregate supply?
Why are you posting tweets from a White Supremacist as if he's a trustworthy source of information?
And how is Elon Musk, who has gutted the trust and safety mechanisms at Twitter, going to do any better?
https://www.splcenter.org/fighting-hate/extremist-files/individual/paul-ray-ramsey
Unreal. His short resume on Wikipedia is quite something.
I will have to research more on tariffs. Bidens continuing Trumps trade policy could also be a factor.
https://www.cnbc.com/2022/06/21/for...ifting-china-tariffs-could-cut-inflation.html
It's crazy that Elon is the only one who seems to care about the kids.
I mean, he's fathered about half of them, so I guess it makes sense.
This whole obsession with paedophilia is front and centre for right wing cranks at the moment. They’re weaponising it for political gain. Not ideal to see Musk has swallowed this agenda, hook line and sinker.
While it's worrying that a member of the Caf seems to be engaging with or adhering to this guy, it's more troubling that the only people Elon Musk now engages with on Twitter are alt-right/white supremacist or similar individuals. He engages with vile racists in his mentions and takes their input as valid. It's incredibly dangerous for the wealthiest man in the world to be turning into Henry Ford.
This is not the first time. Anyone alive in the US in the 80's will remember the Satanic Abuse "crisis" of the 80's and 90's, highlighted by the McMartin Preschool scandal. Nothing rials people up like the thought of their child being abused, it is why the tactic is so powerful, and so dangerous.
Are you serious right now? The current inflation is caused by a combination of post-COVID shipping issues and the Russian invasion which are massively disrupting global fuel prices and heavily driving global inflation. It has basically nothing to do with Biden at the moment. This is pretty much the consensus view.
Here is the Wall Street Journal, hardly a bastion of leftist thought explaining it to you:
"I conceptualize the failure to anticipate how long supply-chain problems would last as placing excessive faith in capitalism. We economists tend to believe that profit-seeking capitalists will sniff out, act on and profit from high prices whenever and wherever they pop up. You know: Buy low, sell high. That’s happening, but far more slowly than I imagined. In addition, new waves of Covid keep coming.
Much of the rest of the error in forecasting inflation can be traced directly to the war in Ukraine, which has severely constricted the world’s supplies of oil, wheat, fertilizer and other products. CPI data show that food inflation and energy inflation together have added about 2.6 percentage points to the overall inflation rate over the last 12 months."
You can also look into how the COVID induced rise of shipping costs have contributed to rising prices around the world. At one point the cost of a 40-foot shipping had risen from around $1,300 pre-COVID to $11,000 or even thousands more at peak. Your takes here really ignore the impact of global events and how much they affect global inflation (which will obviously differ from nation to nation due to how exposed different countries are to these factors). The globalized economy has pretty much never experienced a disruption to shipping the way COVID did so it's expected to cause problems like this over a few years while everything adjusts. And Russia's invasion has had a massive impact on fuel costs and food costs (although, again, that's going to differ depending on the country).
You add in the Fed (and other central banks) to a much smaller degree because their error was in poorly forecasting the impact of post-COVID shipping and the Russian invasion as the WSJ mentions so yes, it's a factor but one dependent on the two important worldwide conditions.
Blaming Biden is just ignorance.
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Would you rather have Boris Johnson or Elon Musk as your dad?
There's a strong chance either could be
Please don’t rush to do it for my sake.