Robert Ariail for March 09, 2023

…and make the vulnerable people suffer the most.

Easy to criticize Powell, but he is basically playing Volcker to the lingering fallout of Greenspan, Bernanke, et al.’s QE riffs on Arthur Burns..

Guess what America, every country is raising rates to slow inflation. The world does not end at your borders.

WTF ?

Well, keeping interest rates low with sky high government spending can be coupled with other strategies to lower inflation, let us know.

Robert, were you around for the 70s and early 80s inflation?

Sounds like a Republican, likes to criticize but has no actual solutions to put out there. Simple minded.

I don’t believe that.

But…can’t we just print more money and cut taxes??? /s

Consider this, the higher the rate, the more profit for the banks. A pile of loans are tied into the Fed rate. And we know who Powell plays golf with, don’t we?

And will it cost an incumbent Democrat a second term like it did in 1980?

Record profits across all industries. I wonder what would happen if companies would invest in their employees, instead of the stock holders and upper management. Get the money into more peoples pockets, instead of a select few.

When the economy is struggling, government SHOULD increase spending on programs to support people. When lower income people get financial support, they spend that money which stimulates the economy.

The references to “uncontrolled” and “sky high” spending ignores the massive tax cuts from Trump and the Repubs in 2017 for the wealthy and corporations. Execs bought back stock and didn’t invest in their employees or the future of their company. Ron Johnson got a special tax cut for his donors and corporations could take deductions for buying or leasing a private plane. This added TRILLIONS to the debt and deficit. The debt / deficit wasn’t a problem to the Repubs when Trump was in office, those only matter to Rs when a Dem is president.

Reverse a lot of what was in the 2017 bill. Reduce military spending – stop building tanks that go directly to storage, stop authorizing jets that are beyond current technology so they are horrendously expensive and never work quite right.

The lower capital gains rates weren’t enough for top execs that get paid in stock options. The exceptionally low interest rates allowed them to borrow using the stocks as collateral so they ended up paying little or nothing in taxes.

Infrastructure improvements are way overdue. Tired of the “tax cuts pay for themselves” because they don’t. Real investments in the economy pay back more than they cost.

Well, Robert, that is what FED chairs do: raise interest to slow down the economy’s growth and, hopefully, slow the inflation rate. And the economy isn’t destroyed yet, and Powell’s strategy may still work.

Raise government revenue and eliminate deficit spending with money left to pay the debt.

Sick how much the left believes that nonsense.

Same old, same old.

Some wise man once said, “If you don’t like inflation, stop inflating”. It may be difficult to pin down the source(s) of inflation but inflation is not something that HAPPENS to the conomy, it’s something that is DONE TO the economy.

how did we get this guy , he is hell bent on driving the country into a recession

The economy is “destroyed”? When did that happen? (I must have dropped off.)

Infinite growth paradigm hits a snag.

Until we rein in Corporate profits, this is the only way to solve inflation