Eat my balls Larry
Hanging out with infamous pedos: cool centrist stuff
Helping poor people: disgusting extremist shit
Wow it's almost like these ghouls believe that doing nothing and letting the poor starve is objectively better than doing uhhhhh literally anything. Who would have thought?
"Overheating economy" - lib doublespeak for when the working class gets some bargaining power in the allegedly free market of capitalism.
Here's an idea, let's spend money freely to help people survive, and if inflation happens later we can control it by raising taxes slightly on the rich.
Or just let there be inflation. It mostly just impacts those who have a lot of liquid cash.
In general I think we're too worried about inflation, but it's also easy to oversimplify things. We've had quite a lot of inflation over the last few decades in essential things we cannot outsource (health care, education, housing, food). Meanwhile, stuff we import like clothes and electronics get cheaper. These things kind of balance out in the consumer price index, but the way this has happened definitely makes life harder for young people that still need to pay for a house and college.
Those things are increasing in price faster than inflation, and wages are stagnant.
That’s nothing to do with inflation, that has to do with an increase in the relative price of goods/services to wages.
https://www.stlouisfed.org/on-the-economy/2016/december/inflation-doesnt-impact-everyone-same
But let's not argue semantics please.
It’s not semantics. Increase in cost of living relative to wages is a separate and completely unrelated metric to inflation.
No shit inflation doesn’t affect everyone the same, it predominantly affects those with large holdings of liquid capital.
What does 'overheating' the economy mean in this context? Giving people too much purchasing power is bad somehow? People might quit their shitty jobs and have a comfortable cushion to use as leverage? The stock market bubble might overinflate even more?
I feel like it's being used as some kind of scary word so that they don't have to say some quiet part out loud, but I'm genuinely curious what that quiet part is.
pretty sure the quiet part is that these ghouls don't want people to realize the government can positively affect their lives in any way. "It would overheat the economy" is the 2020 way of saying "It would make God mad"
he's worried a brief spike in consumer demand will cause an overproduction bubble
even though the whole economy is an overproduction bubble
It means boosting the money supply could lead to inflation; of course completely ignoring the trillions pumped into the stock markets just this year.
Framing Bernie is the "extreme" proposal makes me wish for :stalin-shining:
You can tell something is bad when lots of people are telling you to do it
"when you have two extremes agreeing [that the centrists are wrong], you can almost be certain that something crazy is in the air" the neoliberal ghoul went on to say
hmmmmm
edit: am i out of touch? no, its the everyone that isnt me that is wrong! .jpeg
I suppose all 200 whatever mainstream dems that voted for it in the house are "extremists" also.
