Posts: 148733
From: I hold a Juris Doctorate (J.D.) and a Legum Magister (LL.M.)!
Registered: Apr 2009

posted October 14, 2021 05:15 PM            

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First, Dems said inflation didn’t exist. Then they said it was “transitory.” Now they are saying it is “a sign of progress.”

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Posts: 2142
From:
Registered: May 2011

posted October 15, 2021 12:58 PM            

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Not the Dems. The feds said it. Who was that princeton educated dude who said that? Powell? Politicians/governments depends on them for their economic policies.

I predicted inflation early 2020 during Trumps presidency. Search here in the forum.

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Posts: 148733
From: I hold a Juris Doctorate (J.D.) and a Legum Magister (LL.M.)!
Registered: Apr 2009

posted October 15, 2021 01:09 PM            

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Good economic policy keeps inflation at bay (at a preferred low amount to prevent deflation). Both Biden and Psaki said those quotes.

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Posts: 2142
From:
Registered: May 2011

posted October 15, 2021 01:45 PM            

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US has never adhered to the monetary policy which impacts the economic policies.

During the Lehman crisis, the government should not have bailed out banks. I am no expert. laissez faire or True objective based capitalism and free market was never practiced by government . Like evolution, weaker companies fall , and a strong one arises from that experience.

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Posts: 6517
From: Lyra
Registered: Apr 2009

posted October 15, 2021 05:52 PM            

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Right now Uncle Joe is not in the right "Frame of Mind" to comprehend any policy in depth.
The Feds must act by increasing interest rates but they are allowing a massive Stock Market Bubble using more and more printed currency without any backing.

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