#Syndicate project reddit response free
In general, this demand-side inflation can be corrected through a demand-side policy which forces real estate prices down to what a free (indeed, ANY) market can actually bear. If the hysterical Conservative contingent wants to stem inflation where it really exists, they can jolly well endorse my call to #AbolishTheMortgage so that housing can again become affordable. The ONLY sector in which we have a significant inflation is the real estate market, and that because of the mortgage loan being propped up after the minor correction at that time. In point of fact, we have been in the Great Depression II (III, if we count the Long Depression) since the fall of 2008, because of the then-massive $700 Billion increase in the federal DEBT. This is the famous, self-regulating Chartalist cycle in operation. This higher tax revenue - with NO change in tax rates - would destroy the money which purportedly created the inflation in the first place. For IF we had a general inflation, we would have an inflation in the price of labor and, therefore, in the revenue generated by taxes on that income. The claims of inflation are, to use the favorite term of the current President, "malarkey". As Boomers continue to retire the lack of skilled people to fill their shoes is monumental and will make itself apparent in the very near future. I am aquainted with other local businessmen and women of the nearby businesses of similar caliber, and they are all going down the same road. Everything he has done has cost him money and now they are hanging on by their teeth. I had warned him about changing things and how he should manage the companies money. His business skills are abysmal but he hid it well. Even after having worked three years with the company, he felt the need to change everything after he took possition. I had a small $1M/year manufacturing business that I sold to a key employee for just those reasons.
Boomers are selling their businesses because they are not willing to tackle all the problems associated with the pandemic such as supply chain disruption, inflation, collapsing labor market and wage hikes. This evaluation leaves out one very important variable, demographics. With no evidence of spiraling inflation, market expectations – reflected in the difference in returns on inflation-indexed and non-inflation-indexed bonds – have been duly muted. Last month, the media made a big deal out of the 7% annual inflation rate in the United States, while failing to note that the December rate was little more than half that of the October rate. First, the inflation rate has been volatile. Several things stand out in the latest data. As always, those at the bottom of the income scale would suffer the most in this scenario. Nonetheless, my biggest concern is that central banks will overreact, raising interest rates excessively and hampering the nascent recovery.
And when individual price increases are lumped together, we call that inflation, which is now at levels not seen for many years. In a market economy that is governed at least in part by the laws of supply and demand, one expects shortages to be reflected in prices. NEW YORK – Although some supply shortages were anticipated as the global economy reopened after the COVID-19 lockdowns, they have proved more pervasive, and less transitory, than had been hoped.
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