The Trump Presidency Message Board

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Politics : The Trump Presidency

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To: i-node who wrote (255228)

10/24/2022 8:38:26 PM

From: koan

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When the supply chain is interrupted that can cause scarcity, and that is what happened, and is happening now with fuel and food, and lots of things!

And a two trillion tax cut for the rich is worse than two trillion borrowed for stimulus, as far as inflation goes e.g. WWII!!

The debt was at record high and no inflation!.

Because it stimulated business with full employment!

And that bull shit supply side economics is what Liz Truss and the GOP have gotten wrong for 60 years!

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You are conflating scarcity with inflation. They can appear related to economically ignorant observers.

Scarcity results from a fall in production; the price of fried chicken goes up because we aren’t making as many chickens. Yet, Tyson is still grinding out chickens at the same pace it was before.

Inflation is a monetary phenomenon. Scarcity has to do its supply and demand for goods.

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