Democrats come up with a master plan to counteract inflation

This will restore value to the dollar: U.S. Senate passes $1.5 trillion government funding bill.
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5 Responses to Democrats come up with a master plan to counteract inflation

  1. Lee says:

    I am sure that will work!
    I stand to be corrected (I am far from being an expert on economics), but I would have thought that greatly increasing debt was in itself inflationary?

  2. Tel says:

    https://www.whitehouse.gov/briefing-room/statements-releases/2021/11/01/statement-by-press-secretary-jen-psaki-on-build-back-better/

    Senator Manchin says he is prepared to support a Build Back Better plan that combats inflation, is fiscally responsible, and will create jobs. The plan the House is finalizing meets those tests—it is fully paid for, will reduce the deficit, and brings down costs for health care, child care, elder care, and housing. Experts agree: Seventeen Nobel Prize-winning economists have said it will reduce inflation. As a result, we remain confident that the plan will gain Senator Manchin’s support.

    – Jen Psaki

  3. Tel says:

    https://www.epi.org/open-letter-from-nobel-laureates-in-support-of-economic-recovery-agenda/

    The President’s Build Back Better agenda employs a broader conception of infrastructure …

    The stagflation economic disaster we have to have, hopefully we can learn from it … signed by seventeen Keynesian Economists. The “broader conception of infrastructure” might as well mean treasury looting, because the word “infrastructure” kind of used to mean something positive and now they are doing the usual trick of redefining a word until it means nothing at all.

    Oh by the way, while Russia has used heavy regulation to prevent cryptos from being used as a payment system they have substantially reduced the tax on Gold … thus encouraging their citizens to spend as much money as possible buying physical assets in their hands. When you consider that Russia is a major Gold producer, and now cannot offload their metal on the LME, and that metal will go internal or off to China instead … that’s going to put one heck of a lot of pressure on Western markets.

  4. Riversutra says:

    I recently read that 80% of money currently in circulation in America has come into being since 2020. If so, to legitimately restore value to the dollar , would you have to remove that money, not casually throw another 1.5 TRILLION on the barbie?
    Not an economist, just asking for a friend.

  5. bollux says:

    Just a quick look through the E.P.I. and it’s people tells you all you need to know. There wouldn’t be a larger collection of communists in China.

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