Wanting to see inequalities reduced is one thing, but purposefully ignoring evidence of progress and inviting others into the misery-tent is a bad editorial stance
Sorry, I just have to say a bit about the current skyrocketing of food prices we’re all experiencing right now. I’ve seen it used a lot recently by political commentators to hammer the economic policies of the left, for want of a better term, and while individuals may agree or disagree with the direction of current political power holders, the causes of inflation are a lot more nuanced and deep-rooted than can be expressed in a political argument. The real definition of inflation is an increase in the money supply, rising prices is just the consequence of an increase in money. The money supply has been rising really since it was untethered from gold in 1971, but most egregiously in recent years due to the irresponsible oversight of the Federal Reserve. While it’s easy to blame current politicians for rising prices, and their policies certainly do nothing to discourage it, the real cause is rooted in other policies and actions taken by people well beyond the current occupant of the White House. Our current sorry state is really due to the can-kicking policies implemented and followed by a succession of Fed governors since 2008 (Bernanke, Yellen, Powell). The policy so quaintly termed “quantitative easing” (which is nothing more than printing money to buy longer term bonds (anything beyond three months really), has led to a rise in the supply of money (as represented by the amount of bonds held by the Fed) from $900 million in 2008 to almost $9 TRILLION now (an increase of 890% in 14 years, or 63% per year, an unprecedented amount!). A large part of that increase has happened in the last two years, ostensibly due to “Covid” – from $4.3 trillion in March 2020 to its current level of almost $8.96 trillion. That, combined with shutdowns in economic activity at home and globally, as well as the demonization of formerly “friendly” trading partners like China and Russia, has led to an inevitable explosion in domestic consumer prices. Prices were rising for the past ten years too due to the rising money supply, but it was mostly seen in assets (home prices, stocks). It is now spilling into consumer prices, and it won’t stop anytime soon, regardless of the distractions of feeble-minded politicians or woke warriors.
Erin Strout: the feminist dog lady who exists thanks to a heterosexual white male and complains about the
existence of heterosexual white males. I wonder if there's such thing as a genetic gender intelligence gap. She'd be a good case study for those who are born a little... special.
Sorry, I just have to say a bit about the current skyrocketing of food prices we’re all experiencing right now. I’ve seen it used a lot recently by political commentators to hammer the economic policies of the left, for want of a better term, and while individuals may agree or disagree with the direction of current political power holders, the causes of inflation are a lot more nuanced and deep-rooted than can be expressed in a political argument. The real definition of inflation is an increase in the money supply, rising prices is just the consequence of an increase in money. The money supply has been rising really since it was untethered from gold in 1971, but most egregiously in recent years due to the irresponsible oversight of the Federal Reserve. While it’s easy to blame current politicians for rising prices, and their policies certainly do nothing to discourage it, the real cause is rooted in other policies and actions taken by people well beyond the current occupant of the White House. Our current sorry state is really due to the can-kicking policies implemented and followed by a succession of Fed governors since 2008 (Bernanke, Yellen, Powell). The policy so quaintly termed “quantitative easing” (which is nothing more than printing money to buy longer term bonds (anything beyond three months really), has led to a rise in the supply of money (as represented by the amount of bonds held by the Fed) from $900 million in 2008 to almost $9 TRILLION now (an increase of 890% in 14 years, or 63% per year, an unprecedented amount!). A large part of that increase has happened in the last two years, ostensibly due to “Covid” – from $4.3 trillion in March 2020 to its current level of almost $8.96 trillion. That, combined with shutdowns in economic activity at home and globally, as well as the demonization of formerly “friendly” trading partners like China and Russia, has led to an inevitable explosion in domestic consumer prices. Prices were rising for the past ten years too due to the rising money supply, but it was mostly seen in assets (home prices, stocks). It is now spilling into consumer prices, and it won’t stop anytime soon, regardless of the distractions of feeble-minded politicians or woke warriors.
Erin Strout: the feminist dog lady who exists thanks to a heterosexual white male and complains about the
existence of heterosexual white males. I wonder if there's such thing as a genetic gender intelligence gap. She'd be a good case study for those who are born a little... special.