• US Inflation Rate Finally Slows - But It's FAR TOO LATE

    From 186283@ud0s4.net@21:1/5 to All on Fri Aug 16 01:10:39 2024
    XPost: talk.politics.misc, alt.politics, alt.politics.uk
    XPost: alt.elections

    https://greekreporter.com/2024/08/15/inflation-slowdown-2024-united-states/

    . . .

    The US inflation rate HAS decreased - and K will try
    to claim some kind of credit. Dunno how much her cohorts
    are just, temporarily, restraining inflation. A day after
    the election and it will all go seriously bad again.
    Dems are keen on making all TOTALLY DEPENDENT on
    the Deep State for survival - everybody must be
    Welfare Slaves (except that few 'elite', of course).

    Also, there's already been terrible DAMAGE caused by
    Biden-era inflation. "Slowing" doesn't FIX that -
    Joe America IS substantially poorer now and is likely
    to REMAIN that way.

    Trump kinda promises DE-flation. There are good, and
    bad, aspects to that. Very bad for lots of biz who
    will have to sell below cost, but good for Joe America
    and his normal bills.

    Either approach represents more "socialism" - govt
    micro-management of biz/economy to achieve various
    political objectives without concern to the strict
    math of economies.

    "Socialism" never seems to work out long-term alas.
    Too 'artificial', unreal. All "bread & circuses"
    and no "2+2=4". The EU, esp UK, is now in the
    horrible-death part of 'socialism'. Post-WW2
    profits have gone away, no glorious future, no
    triumphant expansion. Debts pile up and up ...
    until implosion.

    As for deflation ... the risks ARE known. However
    it's the ONLY way to break the cycle of ever-
    escalating greed/price. Everybody wants a raise,
    but how do the middle-men get a raise ? By
    inflating prices, and again and again. So long
    as they can get away with that ......

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