Inflation is "needed" to prevent recession?

LOL. The idiot BEGGED them for more and more money. The poor thing thought the hand-outs would win him the election.

One day Republicans need to start owning the things they do, as opposed to framing others for it.

 

Begged Republicans. No begging was needed for Democrats.

He probably didn't personally think spending that money was the best thing for America, but like I said before, the Democrats made him; would have used that against him to sabotage his reelection, or would have led to a budget shutdown.

Of course, the subject of discussion in this thread is not Trump.

 

Needed or not, be begged for more money.

He NEVER cared what was best for America, but what was best for HIM. He increased deficits every year in office even before he went totally insane in 2020.

 

Well, if he had lost the presidency, he did not believe that would have been good for America.

Remember that Democrats were the ones threatening government shutdowns in the first two years if Republicans did not agree to spend more.

If you want to continue this discussion, I suggest you start another thread.

 

Inflation is "needed" to prevent recession ?​

~ From the same school : " A recession in needed to avoid a depression " . '

 

I don't need to discuss it. His spent like a drunken sailor from Day-1, and its a well documented fact. GOP House hiked spending 20% as soon as they passed their first budget, and then they cut revenue. Of course deficits / debt went up.

In the other hand it looks like this year will see a 200% reduction in deficits. Do you approve or disapprove?

 

No "he" didn't. The Democrats did. You think the President decides the budget?

I looked up the numbers. That appears to be very false. 2017 was not higher than 2016. The first budget Trump actually submitted was not until his second year, 2018, which also was the last year the GOP controlled the House.


I'm just going to continue posting stupid comments like this if you persist. Since you are taking this thread discussion off topic.

Trump, Trump, Trump, that's all you people can think about.

Why don't we talk about the type of policies that are actually good for the economy and debate those, in this thread.

 

I think you're just totally making up numbers now.

Just because a whole lot of money was spent last year doesn't in any way make it "good" when less than that number is spent this year. A deficit is still a deficit, and I think this year will still be high.

The US debt will still be increasing. There is also high inflation, which will end up making the interest payments on that debt more expensive.

 

LOL, he asked for it right off the bat, and GOP delivered.

"George W. Bush doubled the debt from $5 trillion to $10 trillion. President Obama doubled the debt from $10 trillion to $20 trillion. Now we're on course to exceed $30 trillion in the next seven years or so." - Rand Paul 2017

Of course Paul was wrong, because under Trump the debt increased much faster than even he had imagined.

Not owning their actions, or worse, - blaming others for their own actions, if the worst side of the GOP and the very reason why they lost me forever. I'd be happy to vote for conservatives, but not the GOP. Another thing Paul said was that when GOP is in power, there is no conservative party in US.

Look it up yourself.

At least you admit it was stupid.

 

You're derailing this thread. No one should listen to what you are saying. You could be claiming things that are not true, but no one will respond to expose the untruth because they do not wish to feed your taking this thread off topic.

So if anyone is reading this, realize that it is unfair for you to listen to him. Since what you read will be one sided, since other people do not want to respond because what he is talking about is off topic to this thread.

 

Even if true, it's just a misleading media spin on the facts.

If a robber has robbed 6 people last year, and only 2 people this year, it is true that he has reduced his bad behavior by 200%.

You're comparing the spending to a year in which the U.S. spent a huge amount more than normal.

Besides that, I doubt that the government even will actually be able to do that. This high inflation will detract from government purchasing power and make their money not go as far. It will be difficult to actually reduce spending in unit dollar terms.

 

Blaming media at every turn is pretty weak. It has NOTHING to do with media. Its math. Learn it.

What number do you come up with according to your math? If murders dropped from 600 to 200, most people would be optimistic about the direction. You.....you'd complain about it.

 

Do you want to talk about whether inflation is really needed to prevent a recession?

Or do you concede this is an obvious lie in economics and the media?

 

You are the only person I ever heard say such thing, and since you failed to provide any links no one knows what the heck you are talking about.

 

The media has been saying it. They seem to be trying to get people to believe it.

 

Never heard of it. Some economists have discussed the opposite (if recession is needed to stop inflation), but that is them speculating about different scenarios, so its not much of a media conspiracy.

 

Do you care to share any view on this theory, or do you not have any opinion on it?

If you have no opinion, I wonder why you even bothered responding to this thread.

 

How could I share something I never heard of. If anyone should be sharing, its you, since you claim its something the media is pushing.

 

Well, it looks like so far no one in this forum is defending this claim.

 

In other words, due to the Fed's bad policy before, they contributed to creating an economic bubble.

The main problem seems to be what the Fed did before that led to the problem, not how they are choosing to try to solve the problem now.

"stimulus" has consequences.
Just like if you drink enough coffee you're eventually going to crash.

Government solutions to government-caused problems.

 

It's supposed to be self regulating that way. The economy gets too hot, prices go up, purchasing slows down, prices level off. Basic economics.

 

The fed doesn't get to pick the inflation rate they want, they try to steer it as best they can.

 

It sounds like you're just making excuses.

 

The Fed doesn't get to pick the interest rate they want, they try to steer it as best they can.

The Fed has a lot more control over inflation. They're the ones expanding the money supply.

I'll grant you they may not have absolute complete control, and there is something called a wage-inflation spiral, and sometimes oil price hikes can lead to inflating prices in the overall economy, but they are pretty much in control.

 

Basic economic theory sounds like excuse making?