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Consumer Prices Jumped. Should You Worry? That's Sparking A Heated Debate

Good4Nothin

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You ain't seen nothing yet.

Trump's policies resulted in stable consumer prices with virtually non-existent inflation. Biden enters the picture and his handler's policies result in immediate price increases and an immediate rise in inflation. It will only get worse.

But seriously...you should know that government price controls is the absolute WORSE solution to this problem. Price controls only result in two things: Increased demand and decreased supply.

Any time the government puts their thumb on the supply/demand/price scale, bad things happen.

Trump's policies prevented inflation? What?
 
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jpn

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Economist Arthur Laffer, patron saint of tax cuts, is back, with an op-ed in the Wall Street Journal that he hopes will put the kibosh on future plans for government stimulus.
That's all anyone should have to know to understand that government spending at this time is just fine. (I don't think the infrastructure plan is stimulus per se. It's primary purpose is to address our huge backlog of infrastructure needs while supporting various stressed work groups. At the same time, however, it will have the salutary effect of keeping our economy moving along at a good clip).

No one on the right ever mentions that much of this will be paid for by increased corporate taxes. According to the right this will have a HUGE drag on the economy (basically the end of civilization as we know it). So wouldn't that work against all this inflation hysteria? For some reason I never see conservative addressing this glaring contradiction.
 
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Mycroft

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Trump's policies prevented inflation? What?
What part of " Trump's policies resulted in stable consumer prices with virtually non-existent inflation. " do you not understand?
 

humbolt

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Nixon's agenda premise was totally different. Vietnam War Cost and the increased of need to transfer gold to cover debt, but more importantly, his "conversion to the Federal Reserved Note" not being redeem for "Gold".
He moved us off the Gold Standards.
  • His price controls were to stop crazy inflation when people were in fear of what it would cause when the Gold Standard was Transition to The Federal Reserve Note, which was not based on any material substance, but supported by the usage of the U.S. Dollars as the dominant reserve currency, which Oil and Goods were exchanged.

So, using Nixon's example does not fit with our current need to address pricing controls.

The lesson was then, and should be now, that the market will respond in unanticipated ways. The market is faster and far more nimble than the government.
 

RealityNow

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The lesson was then, and should be now, that the market will respond in unanticipated ways. The market is faster and far more nimble than the government.
An informed public is instrumental to the dynamics of any changes. Unfortunate as it is, we don't have a public that is as informed as it needs to be to interpret and digest information in a progressive manner to promote the advancements we must make. Those advancements come because, by, and through an informed societies embracing knowledge and developing understanding. The culprit is always fear of change, lack of pursuits of indepth information, chasing folklore, and fighting against the movement of societies forward steps. Wrap that in the madness of hoarding and greed pursuits, the mentality of mankind is what holds mankind back.

it's without a doubt Change is necessary, we've seen and we current see what the results of fighting against change has produced, it produced blindness while change has taken place that sends us backwards while people wallow in fear to avoid progressive change, so what we experienced is "regressive policy that has promoted mass decline. That decline has seen us chase the history of "free labor", by looking for slave wage labor on foreign soils, which resulted to see our industrial base eroded by outsourcing and stashing money offshore to invest in other offshore operations, we've seen tax avoidance by every contrived means, and the end result is an American Nation suffering the consequences, which impacted Nation, States, Cities, Communities and Citizens.

The rest of the world has seized upon the results of our "willful ignorance to stand up and learn how to accept positive change', and in such results we were forced to accept negative change.

We refused to pay America people in ways to promote Economic Equilibrium in Earnings, and because of that resistance to do so, we expanded impoverishment, diminished our ability to progressively educate our people, and abandoned for nearly 5 decades or more the teaching of Civics of American Democracy, and failed to teach the Civics of Capitalism, and the result is: We have a generalized society with and expansive level of financial illiteracy.

We have people fighting against for decades the same premise that helped build the once upon a time middle class, which was "Unionized Labor", which paid progressive wage, benefits, pensions and improved working conditions. Employees lost all voice in the workplace, and with that loss came stagnated wages, no company contribution to pension, lesser people covered by company insurance, which caused higher premiums and higher co-pays. Still we blind ourselves to those truths.

We fought Unions and company about China, who embraced the concept of Unions and their people are advancing, they have uplifted more then 300-400 million people out of dire poverty. While we have thrust 100+ million plus into extended poverty. We have a majority of people nearing retirement age with absolutely "no savings" and we have workers, who can't survive for 3 months without a paycheck.

Still this day, we have people "fighting against Minimum Wage Hike", while corporations claim profits in double digit "$Billions", some claim as much in 3 months, while many claim such level of profits "yearly". We have the cost of a cup of coffee, that is 100+% and some being some for 5-600+% higher than a cup of coffee, in the decades before we chose to self defeat our citizen working population. yet, we have people fighting against Minimum wage.

Our system has become so challenged, we walk past pennies, nickel's and dimes on the street, because we don't see its value as being worth bending over to pick it up. Yet, we fight against improving our wage structure for the working class.
We fight against investing in schools, we fight against the government investing in society, and we fight against anything and everything just for the sake of fighting against something!!! But we have a mass who will not fight against the wealthy fleecing the system, the workers and avoiding paying their fair share of taxes.

We created the foolishness and despair we complain about, and continue to fight against what changes the paradigm.
 

code1211

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Absolutely not... but what should happen is, there should be a "Property Tax Adjustment" to reflect the upward value when properties increase by xx% (10%-20%) Why? Because when home prices increase, people request more and improved city services and they demand such improvement to the infrastructure and the cycle of servicing to the community those home exist.
There is other factors involved with home prices escalate rapidly, and that is a tool that has long been used for "gentrification". Gentrification always affects the moderate to lower income in the spectrum of income levels suitable for home ownership.

The average homeowner has no concept in reality terms of what it cost to run a city or the relationship between property taxes and the cost of upkeep that is expected.
These are some of the reasons why many cities no longer have "street sweepers", "get their curb painted", "the line striping on the streets", "sidewalk repair" and other elements that keep cities with the aesthetics of being well maintained.
Millage rates must improve, because all these things play a part in managing the process to avoid the mess we had in 2005-2008 with run away house pricing, that fueled the craziness of variable rate game of selling and packaging these mortgages that time proved to be over-valued and cities could not keep up with the demand for services these new high value owners demanded.
"everything matters"... the general public delusion that things are "isolated" from other things, is a fallacy that it time for people to recognize.

These things will be simpler to understand when people, step away from having been groomed to "protect the well to do and wealthy" while they watch deterioration to the community and living standards of the working class.

That system was created during the Jim Crow Era, where funds were diverted away from creating and supporting a quality standard in working poor white areas and certainly in dire poor white areas, and it was not even a concern to invest in bringing even the lowest of poor white standards to the black and brown communities.

It's time for Property Tax Assessors to get busy and re-assess these fast escalating market values of these homes. They need to work with insurance companies, because they know exactly what "replacement cost valuation is". So, that 150k house that pays tax based on a 30k valuation, should be increased to reflect what replacement cost and land value is, in current day. THEN, cities can have the revenue to elevate the standards in communities and continue to maintain the quality standard that was designed for community services.

The very wealthy have know this for a long time, but they don't care, because if they can keep their property tax low, they can demand services because of their community status, and the result has always been to cut back on services to some less fortunate areas, and divert those services and the funds to provide those services to the high status well to do and wealthy communities.

Result: the working class see their communities continue to decline and they continue to hear, there is not enough money to go around to provide the standards to the level, the working class should expect and receive.

Property Taxes by State – A Complete Rundown

This is all an "intricate process" because, it also means that wages must increase, to ensure people can maintain the affordability to rent, lease or buy, when there is a property assessor tax rate increase.

(Is it likely to happen any time soon. NO!!!)
If we want to elevate the American working class, this is a process that must be included in the 50 yrs Master Plan to the Centennial Master Plans for cities across this nation.
That means the $2.3 Trillion Infrastructure Plan is only a drop in the buck of society for what it will take to engage the work to meet with the 50 yrs Master Plan to the Centennial Master Plans . It should be passed without a second guessing!
We have to rebuild "everything", from water, sewer, drainage, electrical grid and other power source grids, streets, roads, bridges, internet and we have massive homes that will need to be torn down and 21st century homes and apt's. built... and so much more.

The neighborhood from which I recently moved had roads that were not plowed by Indianapolis. The streets there also were not maintained by the city.

You assumed expertise on this is not founded in reality.
 

Good4Nothin

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What part of " Trump's policies resulted in stable consumer prices with virtually non-existent inflation. " do you not understand?

Come on. If you're giving Trump credit for no inflation, then you should blame him for the pandemic.
 

Mr Person

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Any coming expansion will be the result of removal of COVID restrictions...which Trump told us would happen. But that expansion will be held back by the effects of Biden policies and actions. We are already seeing those effects and they'll only get worse.

btw, oil prices were low for Trump's entire term as a result of his oil policies and actions. Biden reversed all that and we see the immediate result of energy prices going up. Are those increased prices your idea of "more normal levels"?

Every time I read something like this I almost die laughing. Trumpers. They never let data interfere with their version of reality:

View attachment 67328419
The huge drop in oil prices occurred months before Trump entered the White House in January 2017.

The initial drop in oil prices from mid-2014 to early 2015 was primarily driven by supply factors, including booming U.S. oil production, receding geopolitical concerns, and shifting OPEC policies. However, deteriorating demand prospects played a role as well, particularly from mid-2015 to early 2016. This partly explains why the oil price plunge failed to provide a subsequent boost to global activity.

I mean, look who you are responding to. Mycroft will tell any pro-Trump/anti-left moronic lie he's told.

Blaming everything bad on Democrats and crediting everything good to the Trumpist right is entry level for him.
 

Good4Nothin

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The pandemic started when Trump was president, and Democrats blame him for the deaths. And inflation happened to be low while Trump was president, so you give him credit for that. Same lack of logic.
 

Mycroft

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The pandemic started when Trump was president, and Democrats blame him for the deaths. And inflation happened to be low while Trump was president, so you give him credit for that. Same lack of logic.
I'm not bound to follow Trump hater illogic.

Trump's actions and policies regarding the economy and trade kept inflation low. (Consumer prices, too.) Trump's actions and policies regarding the pandemic didn't kill anyone.
 

RealityNow

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The neighborhood from which I recently moved had roads that were not plowed by Indianapolis. The streets there also were not maintained by the city.

You assumed expertise on this is not founded in reality.

since you know that, then why would you think it has any relevancy to my posting.
 

Good4Nothin

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I'm not bound to follow Trump hater illogic.

Trump's actions and policies regarding the economy and trade kept inflation low. (Consumer prices, too.) Trump's actions and policies regarding the pandemic didn't kill anyone.

I'm a Trump hater if I don't give him credit for everything good, and no blame for anything bad?
 

code1211

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since you know that, then why would you think it has any relevancy to my posting.

You're right. My post had relevancy to the real world.

In my new neighborhood, Property tax year over year showed a 30% increase.

If the quality of the pavement in front of my house is improved by 30% in the upcoming months, I'll be delighted to eat it.
 

humbolt

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An informed public is instrumental to the dynamics of any changes. Unfortunate as it is, we don't have a public that is as informed as it needs to be to interpret and digest information in a progressive manner to promote the advancements we must make. Those advancements come because, by, and through an informed societies embracing knowledge and developing understanding. The culprit is always fear of change, lack of pursuits of indepth information, chasing folklore, and fighting against the movement of societies forward steps. Wrap that in the madness of hoarding and greed pursuits, the mentality of mankind is what holds mankind back.

it's without a doubt Change is necessary, we've seen and we current see what the results of fighting against change has produced, it produced blindness while change has taken place that sends us backwards while people wallow in fear to avoid progressive change, so what we experienced is "regressive policy that has promoted mass decline. That decline has seen us chase the history of "free labor", by looking for slave wage labor on foreign soils, which resulted to see our industrial base eroded by outsourcing and stashing money offshore to invest in other offshore operations, we've seen tax avoidance by every contrived means, and the end result is an American Nation suffering the consequences, which impacted Nation, States, Cities, Communities and Citizens.

The rest of the world has seized upon the results of our "willful ignorance to stand up and learn how to accept positive change', and in such results we were forced to accept negative change.

We refused to pay America people in ways to promote Economic Equilibrium in Earnings, and because of that resistance to do so, we expanded impoverishment, diminished our ability to progressively educate our people, and abandoned for nearly 5 decades or more the teaching of Civics of American Democracy, and failed to teach the Civics of Capitalism, and the result is: We have a generalized society with and expansive level of financial illiteracy.

We have people fighting against for decades the same premise that helped build the once upon a time middle class, which was "Unionized Labor", which paid progressive wage, benefits, pensions and improved working conditions. Employees lost all voice in the workplace, and with that loss came stagnated wages, no company contribution to pension, lesser people covered by company insurance, which caused higher premiums and higher co-pays. Still we blind ourselves to those truths.

We fought Unions and company about China, who embraced the concept of Unions and their people are advancing, they have uplifted more then 300-400 million people out of dire poverty. While we have thrust 100+ million plus into extended poverty. We have a majority of people nearing retirement age with absolutely "no savings" and we have workers, who can't survive for 3 months without a paycheck.

Still this day, we have people "fighting against Minimum Wage Hike", while corporations claim profits in double digit "$Billions", some claim as much in 3 months, while many claim such level of profits "yearly". We have the cost of a cup of coffee, that is 100+% and some being some for 5-600+% higher than a cup of coffee, in the decades before we chose to self defeat our citizen working population. yet, we have people fighting against Minimum wage.

Our system has become so challenged, we walk past pennies, nickel's and dimes on the street, because we don't see its value as being worth bending over to pick it up. Yet, we fight against improving our wage structure for the working class.
We fight against investing in schools, we fight against the government investing in society, and we fight against anything and everything just for the sake of fighting against something!!! But we have a mass who will not fight against the wealthy fleecing the system, the workers and avoiding paying their fair share of taxes.

We created the foolishness and despair we complain about, and continue to fight against what changes the paradigm.
Nice little treatise. I'm not interested in the progressive's desire to attempt to change economic reality. You can freeze prices all you like. What you'll achieve is declining quality and quantity, a robust black market, and dwindling tax receipts. I expect our enemies will applaud and endorse it, content to sit back and watch our economy unravel.
 
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