DUmmies discuss inflation using DUmbonomics

[BannedFromDU]

Star Member applegrove (106,083 posts)

Could inflation be because there is too much wealth in the world. We all know the
stock market is overpriced. Interest rates are low so bonds are not a place to invest. Hedge funds are competing to see who can be a monopoly in their business field. Houses are being speculated on so much laws are being put in place to stop foreign buyers. People are investing in bitcoin. There is lots of stock buybacks so even more money in the pockets of the people in the stock market. We always hear of too much money chasing too few goods results in inflation. Just a guess.

Last time I saw such an incoherent word salad I was watching Fox laugh at a Biden speech.

DUmmies, it is exactly this simple. Click here to see the explosive growth of the money supply, which corresponds to your idiotic liberal shitheads printing money like Weimar Germany.

When there is too much of something, it becomes less valuable. I know that's hard for you to understand, since even ONE DUmmy is infinitely worthless, but we are talking about money here.


Check this out:

Star Member doc03 (30,306 posts)
3. I wish someone could explain this. I got a credit card offer from Capitol One "Annual Percentage

Rate for Purchases and Transfers 26.99%". For a cash advance they charge either $10 or 3% of the amount of
each cash advance, that is in addition to a 26.99% APR on the balance. Late payment fee $40.

I checked with Capitol One and they are paying an "Annual Percentage Rate of .40%" on their savings accounts.

That's because dickheads like you don't pay your loans back, so losses pile up, you DUmmy. Has nothing to do with inflation, and everyhting to do with people like you, who think they are owed unsecured loans for free.

[Drafe Hoblin]

More money means less wealth in the world.  Not more wealth in the world.   

 

[67 Rover]

Star Member applegrove (106,083 posts)

Could inflation be because there is too much wealth in the world. We all know the
stock market is overpriced. Interest rates are low so bonds are not a place to invest. Hedge funds are competing to see who can be a monopoly in their business field. Houses are being speculated on so much laws are being put in place to stop foreign buyers. People are investing in bitcoin. There is lots of stock buybacks so even more money in the pockets of the people in the stock market. We always hear of too much money chasing too few goods results in inflation. Just a guess.

Let me guess, another BU graduate.   

[FlaGator]

I really hate the phrase "we all know". It assumes facts that are not in evidence. It also is a way to say "I'm smarter than you because I know this fact and you don't so agree with me or look stupid"

[Ralph Wiggum]

I really hate the phrase "we all know". It assumes facts that are not in evidence. It also is a way to say "I'm smarter than you because I know this fact and you don't so agree with me or look stupid"

A legal phrase that I learned from watching the classic Perry Mason TV series is the lawyer's objection that an argument or statement is "incompetent, irrelevant and immaterial".  That sums up most leftist statements of "facts" which are clearly not in evidence.

[Karin]

Here's Hoyt:

Star Member Hoyt (53,361 posts)

2. Sure it does have some impact. But they are not the ones buying gas, burgers, beer,

childcare, healthcare, housing, etc., that the 329 million purchase. Of course, the prices of yachts seemed to have spiked in recent years.

We could take their wealth and distribute it to everyone, and live high for awhile.

Classic DUmp thinking. 

[SVPete]

Inflation is too much money chasing too few goods.

Too much money - in the name of "Covid Relief" trillions of new dollars have been dumped into the US economy.

Too few goods - Covid shutdowns, paying people not too work (again, in the name of "Covid Relief"), and punitive regulations have hobbled production and stuck it to producers.

[BannedFromDU]

Inflation is too much money chasing too few goods.

Too much money - in the name of "Covid Relief" trillions of new dollars have been dumped into the US economy.

Too few goods - Covid shutdowns, paying people not too work (again, in the name of "Covid Relief"), and punitive regulations have hobbled production and stuck it to producers.

     MV = PQ. Make M go up a lot, and at least in the short run, P must also go up a lot. Especially when you incent people to not product, by, for example, ****ing sending them the M in checks so they don't have to generate the Q.

And when people anticipate dP/P > 0, as even an idiot does, then dV/V > 0, which, given that Q is more or less fixed in the short run, creates a self-enforcing prophecy. Yes, it's pretty high level, but that's more or less the size of it. Actual economics is easier to understand than DUmbonomics, because there is actual logic and empirical content rather than references to friggin' Prescott Bush and all that.