1008
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Feb 2024
1008 points (96.8% liked)
politics
19144 readers
1716 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
Trump is a result of the systems failure to address underlying problems. The underlying problems can all be associated with a single common source: Inflation.
Governments printing money at a rate greater than value is created in the economy, nets you inflation - and that has been going on since around the mid 90's in a very real way, and even before that. We can more or less call this the "NeoLiberal Era" if you like. Around the 90's is when things get bad - and to more or less cover it up, the CPI was manipulated (read: Fixed like you would fix a wrestling match) to make inflation look acceptable - in reality: Replace Steak for Ground beef in the CPI shopping cart and tell people it's still relevant.
End of the 90's you get the ,Com bubble and crash. 2008 Market Crash - and you get "Quantitative Easing" being sold as a fix - when all it is is, PRINTING MONEY. Then during the pandemic a huge push to shut down the economy (largely impacting the lowest wage earners the hardest just FYI) requiring the government to provide stimulus, coupled with grands, loans, and such to businesses in hopes they would keep people employed (hint: They didn't). And so we have had a series of the most NeoLiberal thing possible: Publicize the risk, privatize the profits, and screw the poor over in the process.
The fix: Reduce the Money Supply. Drive to a negative inflation number. But the kicker is? The wealthiest hedge funds, realestate investors, and what not would basically go belly up from that type of move. And why? Because if inflation lowers - the debts accrued cost more to maintain the interest on, than they can gain with inflation flipping for real profit over time. Once you reduce the money supply by at this point about 2/3eds - we can move to aiming for a 0% inflation number. The government should at that point be focused on reducing debt one way or another.
The real problem for the US Economy is, if any action is taken to reduce the debt - it will be a clear signal that the US economy is not gaining value, and that the Dollar Value is currently overvalued. And that could in a very real way cause a spiral. And a fear of the Spiral is making the long term problem worse as it's kicked down the road.
By the way: You can take the US out of this and replace just about any western nation into the mix and find the same problem. Actually, China really fits in here. And oh boy a correction is coming and it's going to be ugly.