2019 Sep 2, 3:45pm
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Today, instead of the Black Death, we have Trump. Some might prefer the plague, but the result is the same; vastly increased prosperity and a continually rising economy that is very resistant to Recession.
It's the other way around; the economy improving means more demand for workers=higher wages (if they don't import millions of foreign workers)
Massive deficit spending is accompanied by something called "the multipier effect."
Go ahead and keep cheerleading for a Recession
What's sick is that republicans couldn't have planned it better if a democrat wins in 2020, becasue yes, a recession is coming.
Moderate inflation is a win win for everybody except
Workers on the other hand, will see (once again) their cost of living going up more than their incomes. This should be obvious to anyone that understands what's going on. 13 HEYYOU ignore (33) 2019 Sep 2, 10:14pm ↑ like (0) I disagree. You can’t have true inflation without rising wages. Simply increasing the cost of goods across the board without rising wages to match will trigger an automatic recession that will decrease consumption. And decreased consumption means decreased demand, which leads to lower prices just as we saw in the last recession. Prices of all sorts of things declined when demand was brought low. Look at the past for examples: inflation was highest when wages were rising the fastest. And it was universally good for the common people, who used it as a get out of debt free card, and also saw their smallish assets like homes appreciate tremendously. This led to wealth for many, and a comfortable financial position for most, which led then directly to better economic times. Inflation is only bad for banks, savers, investors, and other rent seekers. It’s an absolute boon for the working class.
What is bad though is wasting trillions extending the up cycle for political reasons.
rising wages for workers
What do you think an economy consists of? Mere production?
Plenty of that available during 2008-9, yet we had a major Recession
And then businesses compounded the problem by first laying off millions of consumers (further depressing demand for products(and causing fear among the still employed that suppressed their consumption too))
It took years of sustained growth to get out of this self-perpetuating hole
I disagree, especially if we get the kind of inflation we are sure to get , that effects prices more than it effects pay. Inflation will be good for those with a lot of debt, including low interest rate mortgages. Those with highly leveraged assets (such as Trump) will benefit the most. Workers on the other hand, will see (once again) their cost of living going up more than their incomes. This should be obvious to anyone that understands what's going on.
There is no such thing as an extended period of low inflation with a rise in Real Incomes for the majority