how would that solve the current economic challenges ? do you even understand why the US got off the gold standard, during Nixon's watch some 50 yrs ago? The U.S. abandoned the gold standard in 1971 to curb inflation and prevent foreign nations / arbitrageurs w the wherewithals to overburden the US monetary system---causing havoc / panic---by redeeming their dollars for gold. also, at the time, there was not enough "physical" gold to back the value of transactions, in the aggregate, conducted by US entities. thus, to say that transactions are backed by gold is oxymoronic
We produce enough fossil fue. Oil companies cut their production themselves because they were breaking even. There are no regulations stopping them from drilling more Republicans please stop repeating this falsehood
turns off the money printer that is debasing the dollar and causing inflation So they could print money and increase government revenue/spending without having to raise taxes. https://wtfhappenedin1971.com/
ur can’t possibly be this willfully ignorant. Since late 2021, the Fed has been tightening the money supply, QT; and the US has been steadily trending up. Recently, the US dollar index has been the strongest ever
You people can't take steps back and realize that inflation is nothing more than a disconnect between supply and demand. Inflation is merely when supply can't catch up to demand. There are many ways that can occur. I don't know why libertarian right wingers always thing inflation is only "printing money" issue. Inflation as a concept is much broader than that. That and the fascination with gold are two of the more perplexing things about libertarian lore.
you can't possibly be this uninformed. The Fed's monetary policies directly control the money supply in circulation. its QE policies increase the money supply in circulation its tighten policies (QT) decrease the money supply in circulation. Relative to the Fed, Congressional spending doesn't directly impact the money supply in circulation. inflation and strength of currency are correlated w the supply and demand for money supply
GDP looked great for the 3rd Q, coming in at 2.6%, well above the 2% desired growth rate. For all of those that think GDP was everything and argued the US entered a recession, time to flip-flop. For the rest that knows GDP isn't everything... Spoiler the economy didn't enter a recession in the first half and that the economy is not as great as the GDP report today
I wonder if the gaslighting will Taper Down once elections are done with. Probably not until they can't plug some hole on the downlow.
According to the latest CPI report, Inflation has peaked October’s consumer price index rose just 0.4% for the month and 7.7% from a year ago, its lowest annual increase since January and a slowdown from the 8.2% annual pace in the prior month. Economists were expecting increases of 0.6% and 7.9%, according to Dow Jones. Excluding volatile food and energy costs, so-called core CPI increased 0.3% for the month and 6.3% on an annual basis, also less than expected. “IThe latest CPI reading suggests peak inflation, peak Fed...The Fed will slow and peak rather than continue to aggressively hike at 75 basis point as at a time.”
