What’s Behind Runaway Inflation?
Posted By: RockyTCB, 9/19/2021 8:30:11 AM
Inflation has taken off, an unwelcome whiff of the 1970s. But why is it happening now? Here’s why: The supply chain was designed for a U.S. economy growing at 2% per year, which was the 10-year prior average growth rate. In 2021 U.S. real economic growth is expected to be near 6%, according to Blue Chip Economic Indicators. It’s basic economics: When aggregate demand exceeds aggregate supply, the price level rises to clear the market. Even kids running a lemonade stand understand that prices need to rise to clear the market when demand for their drinks exceeds supply.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
people like this.
Below, you will find ...
Most Recent Articles posted by "RockyTCB"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by
RockyTCB"
A curious characteristic of totalitarian communist regimes is the dearth, if not the total absence, of comedy. No comedy films were ever made in the Soviet Union or in any of the other Communist countries. In fact, cinemas in communist countries were almost always empty, the films being so mind-numbingly abysmal. (One time in Havana, the government allowed American films to be shown in a theater and the lines stretched around the block, whereupon the government arrested the attendees inside the theater.)
How can you measure President Joe Biden’s sway over the public? Try looking at the impact his attacks on the unvaccinated have had on immunization rates. He’s managed to drive them down. Not that it matters, since the number of new COVID cases is falling, even in states with low vaccination rates.
In his remarkably antagonistic Sept. 9 speech announcing vaccine mandates, Biden did everything he could to disparage and shame the unvaccinated.
He blamed them for overcrowding hospitals and “leaving no room for someone with a heart attack.” He said they were causing “a lot of damage”
What’s Behind Runaway Inflation?
11 replies
Inflation has taken off, an unwelcome whiff of the 1970s. But why is it happening now? Here’s why: The supply chain was designed for a U.S. economy growing at 2% per year, which was the 10-year prior average growth rate. In 2021 U.S. real economic growth is expected to be near 6%, according to Blue Chip Economic Indicators. It’s basic economics: When aggregate demand exceeds aggregate supply, the price level rises to clear the market.
Even kids running a lemonade stand understand that prices need to rise to clear the market when demand for their drinks exceeds supply.
We keep hearing how hospitals are being overrun with COVID patients because of those dastardly unvaccinated. This has certainly made the Delta variant look highly dangerous, helped keep people in a state of panic, and ginned up support for draconian vaccine mandates. But is it as bad as we’re being told?
Two studies suggest that all the talk of mass hospitalization from the COVID outbreak is a huge exaggeration. Researchers found that a substantial number of those admitted to hospitals – adults and children – either have minor symptoms or
The increasingly far-left Democrats and President Joe Biden seem dead set on pushing through another massive “stimulus” package of $3.5 trillion. Given the chance, they’ll make it even bigger. To pass it, they’re promising that someone called the “rich” will pay for it all. Don’t believe it.
It’s only “fair,” they say, to make “wealthy Americans” and corporations pay for all the things you want and need, especially upgraded infrastructure, improved health care, and better schools.
The best example of this mindset was
CNN contributor Jill Filipovic must have a direct line to the PR shop inside the Biden White House. That would explain her desperate attempt a few days ago to blame Republicans for the worrisome economic signs we are seeing. Expect more of this sort of fact-free nonsense as the economy struggles in the weeks and months ahead.
“The American economy is weakening,” Filipovic begins. She notes, correctly, that job gains in August were way below forecast and Goldman Sachs just downgraded its projection for GDP growth for the year. “And we know who is responsible.”
From coronavirus vaccines and the virus’ origin to climate change, a substantial portion of the country distrusts scientists to do their jobs honestly and capably. The latest data from the September Issues & Insights/TIPP Poll also found significant differences among Americans of different political views, reflecting a growing politicization of science in America.
The I&I/TIPP poll asked Americans “how much trust do you place in scientists” in three areas of science prominent in today’s headlines: “vaccine safety,” “climate change,” and “coronavirus origin.”
Overall, among the three, vaccine safety was tops
As soon as President Joe Biden announced his plan for a widespread vaccine mandate to fight COVID-19, protests erupted. And rightly so. But the real reason Biden chose now to announce it is so he could claim credit for what is already happening with COVID.
In what is almost certainly a vast overreach of his executive authority, Biden declared that he’d develop “an emergency rule to require all employers with 100 or more employees, that together employ over 80 million workers, to ensure their workforces are fully vaccinated or show a negative test at least once a week.”
Of course, this mandate will raise constitutional challenges.
COVID-19 czar Anthony Fauci has steadfastly denied that he helped fund gain-of-function research at China’s now-notorious Wuhan Institute of Virology. In recent testimony before Congress, he repeatedly denied ever doing so. But a new 900-page trove of information acquired through a Freedom of Information Act request shows that’s not true.
It’s a huge story. Unfortunately, the mainstream media have essentially ignored it. New York Times? The Washington “Democracy Dies In Darkness” Post? CNN? Sorry, couldn’t be bothered,
Biden Has A ‘Whole Of Government’
Plan For Everything … Except Rescuing
Americans From Afghanistan 10 replies
Plan For Everything … Except Rescuing
Americans From Afghanistan 10 replies
Ater the Supreme Court decided not to stop a Texas abortion law from going into effect, President Joe Biden promised that he’d “launch a whole-of-government effort to respond to this decision.” No one knows what that means, exactly, but Biden has promised “whole of government” solutions for everything under the sun. Everything, that is, except rescuing Americans stuck in Talibanistan.
In his eight short months in the White House, Biden has made the already empty phrase “whole of government” a nauseating cliché.
The ever-more-radical left may rule in Washington, Hollywood, the media, academe, and the arts, but when an architecture of ideas is built on a San Andreas Fault of error and defiance of human nature, the inevitable failures register high on the Richter Scale.
Botching a war is one thing, but President Joe Biden turned the ending of a war into an unmitigated disaster. That’s the massively experienced-in-foreign-policy Joe Biden, first elected way back during Richard Nixon’s first term to the U.S. Senate, where he would remain for 36 years,
Despite zero evidence that human greenhouse gas emissions are harming Earth, the Democrats, cheered by the media, continue to enact energy policies they say are necessary for saving our world. But all they’re doing is increasing energy scarcity, which forces prices higher, and ignoring facts that don’t fit their narrative.
America’s worst energy policy offender is California, where the ever-eager-to-mandate-and-forbid ruling class is outlawing automobiles that burn fossil fuels, halting electricity generation from conventional sources, and executing a war on gas stations.
Most Active Articles (last 48 hours)
House Speaker Nancy Pelosi (D-Calif.) said capitalism isn’t serving the U.S. as it should. On Friday at the Chatham House in London, the Democrat explained how the U.S. economy hasn’t benefited from capitalism. She insisted the U.S. can’t have a system that benefits some by depending on the exploitation of workers and the environment.“In America, capitalism is our system, it is our economic system, but it has not served our economy as well as it should,” said Pelosi. “And so, what we want to do is not walk away from it, but improve it and make sure it serves us.” (Tweet/Video)
Border agents on horseback chased down migrants illegally crossing the border into the United States to try and join a camp of more than 15,000 immigrants in an isolated Texas town.Haitian migrants are pleading with Joe Biden not to deport them as three planes of migrants are expected to arrive in Haiti on Sunday as the administration shuts down the border.The Department of Homeland Security said Saturday it moved about 2,000 migrants from an encampment beneath a bridge in Del Rio, Texas to other locations on Friday for processing and possible removal from the U.S.
Scott Gottlieb, the former commissioner of the Food and Drug Administration (FDA), admitted during an interview on Face the Nation that the six foot social distancing rule recommended by public health officials for months on end was actually “arbitrary in and of itself,” and he noted that “nobody knows where it came from.”
Speaking with Face the Nation’s Margaret Brennan, Gottlieb discussed the rules and risks early in the pandemic, explaining that the Trump administration shifted its focus to the impact lockdowns and rules would have on the economy and children.
“My view is that they were sold on the idea that you weren’t going to be able to really affect
Only 49 percent of registered voters think President Joe Biden has enough “mental soundness” to serve as president, a Sunday Fox News poll revealed.Respondents were asked, “Do you think Joe Biden has the mental soundness to serve effectively as president, or not?”While 49 percent said yes, 48 percent said no. When respondents were asked weeks before, between September 7-10, 49 percent said yes, and only 45 percent said no, handing Biden three more points of less confidence in his mental soundness on Sunday.On the question asking if respondents believe “Joe Biden is a strong leader, or not?”
They don’t? All this time I’ve been operating on the assumption that the reason they come to the border is because they do intend to stay .Forever, if they can.(Tweet/Video) What Psaki means is that migrants who surrender to the Border Patrol and apply for asylum can, in some circumstances, be summarily expelled under the CDC’s Title 42 pandemic authority. You file your asylum application and then you’re either repatriated or told to get comfortable in Mexico while you await a ruling. Ideally.
Lock her up -- Hillary is going down
33 replies
A Hillary Clinton lawyer has been indicted for lying to the FBI in the Clinton campaign’s 2016 smear of Donald Trump.
The lawyer fed bogus information to the FBI to fuel the false allegation that Trump was colluding with Russia. The lawyer lied to the FBI by stating that he was acting purely as a private citizen, while his own firm’s billing records prove he was actually working for Hillary’s campaign.
As the current occupant of the office for which Hillary was campaigning might say in a rare lucid moment, “This is a big f*cking deal.”
The White House is reacting to disturbing images that surfaced on Sunday of Border Patrol agents appearing to whip Haitian migrants desperately trying to cross the Rio Grande river into the United States. 'I don't know what the circumstances would be, it's obviously horrific,' Press Secretary Jen Psaki said of relevant footage from the border on Monday.Psaki was asked about the images at her daily White House briefing.'I've seen some of the footage, I don't have the full context, I can't imagine what context would make that appropriate but I don't have additional details,' she said. 'I don't think anyone seeing that footage would think it was acceptable or appropriate.'
Fox News anchor Chris Wallace said Sunday on “MediaBuzz” that he is “very grateful” to be living “rent-free” in the head of former President Donald Trump when asked about Trump’s criticisms of his debate moderation skills.Referencing the first 2020 presidential debate between Donald Trump and Joe Biden, which was hosted by Wallace on September 29, 2020 in Cleveland, Ohio, anchor Howard Kurtz said, “By the way, Trump still takes shots at you over the first presidential debate that you moderated last year, saying, oh you didn’t have control.”Wallace replied, “Well, you know what I say as, for a landlord, I’m very grateful that I’m allowed to occupy so much space
Will “Green” Energy Destroy Europe?
30 replies
One of today’s most important, and weirdly under-reported, news stories is the economic crisis that threatens Great Britain and, more broadly, Europe. Its most striking current manifestation is a food shortage in the U.K. Acute food shortages were feared last night after high gas prices forced most of Britain’s commercial production of carbon dioxide to shut down. Emergency talks were being held between government officials and food producers, retailers and the energy industry…. The closure of two fertiliser plants in northern England and others in Europe has left the food and drink industry facing a shortage of carbon dioxide, which
WANTED: one honest, decent, middle-class politician who doesn’t want to be a rich celebrity.
Just imagine Bronx-born, feminist Democratic Rep. Bella Abzug showing up to a $35,000-a-plate dinner in a dress that cost more than some people in her district made a year? And then staying for the pathetic vegan dinner to hobnob with the unimaginably wealthy celebrities and other “elites”? That’s what Democratic Rep. Alexandria Ocasio-Cortez did at the Met Gala on Monday, sporting an Aurora James gown that declared: TAX THE RICH.
Did anyone really show up for that super scary far-right rally on Saturday? The “Justice for J6” rally was supposed to be ‘insurrection part II: endgame.’ The barricades were set up again around the US Capitol. The police were everywhere; they were decked out in full-blown riot gear. They were prepared this time. They were prepared…for the media? Yeah, typical elite media whiff here. There were more media members than actual protesters. The threat was exaggerated. The liberal media may not know this yet, but even prior to January 6—the far right in America is…not big.
There was a heavy police presence at the US Capitol on Saturday in anticipation of a rally in support of the January 6 political prisoners. Demonstrators will show support for the January 6 political prisoners on Saturday. Hundreds of non-violent Trump supporters are currently in jail awaiting trial for walking through the Capitol on January 6. But it was all a set up.There were more police, reporters and undercover intelligence agents than protesters in Washington DC. The only armed person arrested on Saturday was an undercover agent.Reporter Ford Fischer caught the whole thing on video.Police surrounded a masked man who was armed with a firearm.