For decades before 2007 it was flat. The USA went "genuinely bad" during the financial crisis and never recovered.
The drop in value of the USD aka inflation was due to money printing during covid. Not the tariffs. That's a lie.
AnimalMuppet•7mo ago
Not caused by the tariffs, no. The timing is wrong.
But the tariffs are (going to be?) higher than companies will be willing or able to eat out of their profits. There will be price increases because of the tariffs. That won't be inflation, it will be a tax increase. That is, the dollar won't be worth less (measured against other currencies or gold or whatever), but everything will cost more.
tocs3•7mo ago
(measured against other currencies or gold or whatever)
This is an aside but could there be a more stable measure of value. i had a friend that said money should be a measure of work (like on hour of labor). Of course that has the same troubles as any other measure I can think of (variable labor markets).
AnimalMuppet•7mo ago
No, there is no stable measure of value. Labor, for instance: The price of labor can change. Or the price of money can change. If you use labor to measure the price of money, you can't tell which changed.
A basket of other currencies is the best I can come up with, but that just gives you an averaged inflation rate.
msgodel•7mo ago
Money is differed labor, debt is forwards on money -> the debt market is labor futures and the dollar is backed by US GDP combined with our reputation for the rule of law (ie people expect us to deliver when other countries might give up.)
Of course when you have too much open interest in a futures market you can get a squeeze and that's what everyone is worried about.
pestatije•7mo ago
> That's a lie
which one, the first sentence, the second one?... please rephrase
throwawayqqq11•7mo ago
> inflation was due to money printing
Can you highlight a causal relation by example? I dont think so and even if you could, i still wouldnt trust simplistic explanations.
IMO it was global economics getting stirred up by lock downs, the ukraine war, stimulus packages and not to forget, large syndicates riding the inflation wave. When i see "money printer" as the only aspect someone points out, i suspect a right-wing propaganda victim singing the government-bad song, thats my simplistic take.
incomingpain•7mo ago
>Can you highlight a causal relation by example? I dont think so and even if you could, i still wouldnt trust simplistic explanations.
Then you're closed minded throwaway troll because it is a simplistic explanation. Increase money supply = inflation.
>MO it was global economics getting stirred up by lock downs,
Which happened a year before.
>the ukraine war,
a foreign war that has impacted single digit trade? Where the war is occurring because ukraine's intention to switch to western trade partners like the EU.
>stimulus packages and not to forget, l
aka money printing
>large syndicates riding the inflation wave.
When they printed around 5 trillion $, everyone and their mother told them they would cause high inflation. Dont hate the player, hate the game.
>When i see "money printer" as the only aspect someone points out, i suspect a right-wing propaganda victim singing the government-bad song, thats my simplistic take.
federal reserve, stats canada, and other trading data sources are right-wing propaganda to you? Sorry you feel that way.
incomingpain•7mo ago
For decades before 2007 it was flat. The USA went "genuinely bad" during the financial crisis and never recovered.
The drop in value of the USD aka inflation was due to money printing during covid. Not the tariffs. That's a lie.
AnimalMuppet•7mo ago
But the tariffs are (going to be?) higher than companies will be willing or able to eat out of their profits. There will be price increases because of the tariffs. That won't be inflation, it will be a tax increase. That is, the dollar won't be worth less (measured against other currencies or gold or whatever), but everything will cost more.
tocs3•7mo ago
This is an aside but could there be a more stable measure of value. i had a friend that said money should be a measure of work (like on hour of labor). Of course that has the same troubles as any other measure I can think of (variable labor markets).
AnimalMuppet•7mo ago
A basket of other currencies is the best I can come up with, but that just gives you an averaged inflation rate.
msgodel•7mo ago
Of course when you have too much open interest in a futures market you can get a squeeze and that's what everyone is worried about.
pestatije•7mo ago
which one, the first sentence, the second one?... please rephrase
throwawayqqq11•7mo ago
Can you highlight a causal relation by example? I dont think so and even if you could, i still wouldnt trust simplistic explanations.
IMO it was global economics getting stirred up by lock downs, the ukraine war, stimulus packages and not to forget, large syndicates riding the inflation wave. When i see "money printer" as the only aspect someone points out, i suspect a right-wing propaganda victim singing the government-bad song, thats my simplistic take.
incomingpain•7mo ago
Then you're closed minded throwaway troll because it is a simplistic explanation. Increase money supply = inflation.
>MO it was global economics getting stirred up by lock downs,
Which happened a year before.
>the ukraine war,
a foreign war that has impacted single digit trade? Where the war is occurring because ukraine's intention to switch to western trade partners like the EU.
>stimulus packages and not to forget, l
aka money printing
>large syndicates riding the inflation wave.
When they printed around 5 trillion $, everyone and their mother told them they would cause high inflation. Dont hate the player, hate the game.
>When i see "money printer" as the only aspect someone points out, i suspect a right-wing propaganda victim singing the government-bad song, thats my simplistic take.
federal reserve, stats canada, and other trading data sources are right-wing propaganda to you? Sorry you feel that way.