Politics Thread

[Strange Brew]

What is the definition of inflation?

( (B-A)/A) x 100

Now give me the definition for GDP.

[94GRAD]

1-( (B-A)/A) x 100

2- Now give me the definition for GDP.

1- By that definition, inflation occurs when the cost of imported goods increases, right? Or am I missing something?

2- GDP = C + I + G + (X - M), where C represents consumption, I represents investment, G represents government spending, and (X - M) represents net exports (exports minus imports).

[Xville]

I do. Do you know what actually drives it?

Hint: What is the value of that Reserve Note in your pocket?

Let me give you some basic economics since you seem to be lost on it, and instead remain obtuse on the subject.

A tariff rises the average price of goods in our country. That's the actual definition of inflation. When you put tariffs on goods, that raises the price of goods, along with the supplies to make said goods on those that come from outside of our country. Considering the amount of goods that come into our country, you are upsetting the supply chain among other things that leads to contributing factors of inflation.

The only way that doesn't happen is if you ignorantly assume that 1.) consumers are going to immediately change their behaviors and only buy American made products and 2.) the supply chain within our own country can immediately flip the switch and deliver the demand that consumers seek.

Since you choose to avoid any commonsense logic, per usual, i'll leave it at that.

[Strange Brew]

1- By that definition, inflation occurs when the cost of imported goods increases, right? Or am I missing something?

2- GDP = C + I + G + (X - M), where C represents consumption, I represents investment, G represents government spending, and (X - M) represents net exports (exports minus imports).

Thank you. Now why do you charge more for imported beer? Because of COGS right?

Inflation in the sense that it has been discussed over the past few years is because of bad monetary policy based on debt. That G in the second formula is the flaw in the formula. The G doesn’t actually produce anything. Except debt.

[94GRAD]

Thank you. Now why do you charge more for imported beer? Because of COGS right?

Inflation in the sense that it has been discussed over the past few years is because of bad monetary policy based on debt. That G in the second formula is the flaw in the formula. The G doesn’t actually produce anything. Except debt.

But we're talking about the increase in tariffs causing the inflation, not Government spending. Do you agree that this policy will cause inflation?

[Strange Brew]

But we're talking about the increase in tariffs causing the inflation, not Government spending. Do you agree that this policy will cause inflation?

Yes, prices for imported goods may go up. That’s an easy fix. However donkey punching the Reserve Note is hard to reverse.

That’s why I laughed hard when inflation was “transitory”. Or my favorite, “Quantative Easing”.

Rome, GB, France, Germany (Weimar) all did it. There’s only so much a Country can “leverage”.

[Xville]

Yes, prices for imported goods may go up. That’s an easy fix. However donkey punching the Reserve Note is hard to reverse.

That’s why I laughed hard when inflation was “transitory”. Or my favorite, “Quantative Easing”.

Rome, GB, France, Germany (Weimar) all did it. There’s only so much a Country can “leverage”.

Not, may. They will go up. and explain how that's an easy fix

[Strange Brew]

Not, may. They will go up. and explain how that's an easy fix

SSh, adults are speaking.

Just take them off. Jeebus, really?

[Xville]

SSh, adults are speaking.

Just take them off. Jeebus, really?

Oh just take tariffs off? Oh ok. Then maybe we shouldn’t be doing it in the first place. Since you know it incites inflation which you have now admitted to.

You’re making a lot of bold assumptions which are straight opinions of how you think this is going to go. I guess you just believe everything trump says. That’s a decisions I guess.

[Strange Brew]

Oh just take tariffs off? Oh ok. Then maybe we shouldn’t be doing it in the first place. Since you know it incited inflation which you have now admitted to.

Go try to sell dairy in Canada. Let me know how that works for you.

Numbs nuts, they’ve also had a near embargo on bourbon for years. Good thing the Asian market loves it. Even if I can’t find a bottle of Blanton’s out here….Trade. :)

However I did like the handbags they pack their swill in during undergrad. :)

You keep using the word “incite” wrong…