According to Friedman, government spending is the source of inflation. You can twist the argument to monetary policy and

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Mar 29, 2024
6:52:49pm

Division Bell Recovering

According to Friedman, government spending is the source of inflation. You can twist the argument to monetary policy and

The printing of money to cover it if you'd like to strain at that gnat, but the source of inflation is the government (as opposed to corporations or consumers). Exactly as Milton said.

And yes, in the context of my original comment in response to the OP, the inflation that makes essential life needs out of reach of some people, is the direct result of government fiscal AND monetary policy. Why strain at something so basic?

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Division Bell

Previous username: BluePete
Bio page: Division Bell
Joined: Jul 20, 2002
Last login: May 14, 2024
Total posts: 96,477 (18,547 FO)

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Messages

Author

Time

Suicide rates are now the highest since the Great Depression. Suicide rates in

valleus

Mar 29, 5:26pm

Where does the feeling of no hope come from? Social media.

Chester Copperpot

Mar 29, 5:28pm

Unfettered (read: inflationary) government spending, rising unemployment, spiking crime, non-stop corruption and spying.

Mar 29, 5:30pm

Teenagers aren't killing themselves over any of that.

vagabonder

Mar 29, 5:33pm

Teenagers weren't mentioned in the OP. That's your interpretation. Older people suffer from suicide too.

Mar 29, 5:34pm

This mindset shows it. People seem to be more pessimistic and love outrage porn.

Baron

Mar 29, 5:36pm

The feeling of material despair comes from not being able to afford food, transportation, housing, heating/cooling,

Mar 29, 5:43pm

The primary source of inflation is government spending? Link?

Jay Kay

Mar 29, 6:11pm

Covid never happened. Inflation isn't worldwide. Don't trust your lying eyes.

vagabonder

Mar 29, 6:13pm

Most people don't understand macroeconomics or what drives inflation.

Japan Coug

Mar 29, 6:15pm

Yep. Most people don't understand inflation. Celebrated economist and statistician Milton Friedman famously said

Mar 29, 6:31pm

By which he meant the Federal Reserve, as is clear in all his writings. Monetary

Japan Coug

Mar 29, 6:32pm

The Federal Reserve isn't governmental.

Mar 29, 6:40pm

His quote that you posted is saying exactly what I said, supporting it 100%. Thx

Japan Coug

Mar 29, 6:44pm

According to Friedman, government spending is the source of inflation. You can twist the argument to monetary policy and

Mar 29, 6:52pm

You have completely misunderstood Friedman. He never says that government

Japan Coug

Mar 29, 6:58pm

LOL. Do explain who is responsible for a rapid increase in the quantity of money? Who prints money? In response to...?

Mar 29, 7:03pm

In the US, the answer to both your questions is the Federal Reserve. It exists

Japan Coug

Mar 29, 7:08pm

It's been said that there are 4 economies

Mar 29, 7:33pm

Sure, on a cellular level, without govt, we would all be hunters/gathers or, at

Jay Kay

Mar 29, 7:04pm

War? Started by governments. Tariffs? Governments again. Labor markets? Regulated tightly by government. And so on.

Mar 29, 7:12pm

Exactly. So many ways to cause inflation that aren’t US govt spending.

Jay Kay

Mar 29, 7:30pm

Then we have Japan: decades of deflation/zero inflation despite incurring a

Jay Kay

Mar 29, 6:43pm

The BOJ will tell you that Japan is staring down its 4th decade of stagflation and wage deflation. Abenomics failed.

Mar 29, 7:00pm

You must be a troll.

Jelly Man

Mar 30, 1:34pm

And that feeling of despair may come from outrage and absurd views. So many older people come on here

Baron

Mar 30, 1:47pm

If only every out of work, drug addicted, overweight, divorced man had your

Jelly Man

Mar 30, 2:01pm

Inflation anxiety is real.

kotacoug

Mar 29, 6:32pm

I think a lot of people are nervous.

Mar 29, 7:59pm

Sure they are nervous in Canada. Their unemployment rate is near 6%. Ours is

Jay Kay

Mar 29, 10:14pm

Just look at CB. So much gloom & doom here, the world is going to yewt if you

Japan Coug

Mar 29, 5:31pm

Social media is playing a major role in depression

Jericho

Mar 29, 5:31pm

Interestingly, most of them do admit it.

Mar 29, 5:36pm

Adults too. They won't admit it either. Nobody is clean with Social Media. It's

777

Mar 29, 5:52pm

It's a problem for adults, but not nearly on the same level as it is for kids

Jericho

Mar 29, 6:05pm

That and income inequality, just like then, there is no way in sight to

Mitty

Mar 29, 5:33pm

Which is sad because there is a way. It is called working hard.

Chester Copperpot

Mar 29, 5:39pm

You should let them know

Mitty

Mar 29, 5:41pm

I do as often as I can. I have hundreds of clients that would hire anyone that

Chester Copperpot

Mar 29, 5:48pm

Sad. We've never had more opportunity, comfort, technology, ease, medical care

Jericho

Mar 29, 5:47pm

Young people have no hope with the far-left progressive socialist party...

byucougarsbig12

Mar 29, 5:39pm

LOL...the lefties rolling eyes, but Biden is their President.

byucougarsbig12

Mar 29, 5:54pm

Here's a bit of of help so you can understand some of the terms you use.

vagabonder

Mar 29, 6:03pm

Do you have a point that is about this post?

byucougarsbig12

Mar 29, 6:14pm

The point is if you understand the terms and ideologies you talk about, you'll

vagabonder

Mar 29, 6:26pm

Whatever the problem is...people will find a way to scapegoat the opposing

Blueto

Mar 29, 5:55pm

Yep, and MSNBC, CNN, ABC, Tic Toc, are the Preachers.

byucougarsbig12

Mar 29, 5:58pm

Don’t forget about Fox News, Breitbart, and Infowars.

allaboutthegainz

Mar 29, 7:00pm

Deaths from despair. It is a real thing in older men. Life expectancy is down

Jelly Man

Mar 30, 1:37pm

Source for changing morals and social media not impacting it? I think it is a

Sparkling Delirium

Mar 29, 5:29pm

Morals were very different in the 1910s, 1930s, 1980s, and today. There doesn’t

valleus

Mar 29, 5:39pm

So you think they feel no hope because of the nonsense they deal with on social

Stucoug83

Mar 29, 5:30pm

That's caused in part by social media.

LifeLongLakerFan

Mar 29, 5:31pm

Social media, depression, inflation, relationships (or lack of them), etc. Lots

BlooCoug

Mar 29, 5:31pm

What is the last statement based off of?

Mar 29, 5:32pm

I don’t find Haidt’s argument persuasive. He correctly musters the facts, but

valleus

Mar 29, 5:36pm

Yeah so that nature review is basically:

Mar 29, 5:51pm

I read Haidt as saying that social media is the primary

valleus

Mar 29, 6:37pm

Interesting. Did you look through/raise concerns with what him and Twenge were

Mar 29, 6:57pm

Young men are being left behind, and sadly a lot of the messaging towards them is not positive. I agree that young men

slappy

Mar 29, 5:32pm

Here’s a good article with accompanying graph:

valleus

Mar 29, 5:35pm

From the article

Mar 29, 6:16pm

Those yahoos may be too dumb to figure it out but I

rcbyufan

Mar 29, 6:29pm

Social media is playing a major role, there's countless studies that point to it

OnEMoReTrY

Mar 29, 5:36pm

They were decreasing from 2018 to 2020. We know what happened in 2020.

ochobeeguy

Mar 29, 5:36pm

Why do people have less hope now than at other periods in history? Seems like

Jay Kay

Mar 29, 5:39pm

The world has been preaching that if we just accept everyone for who they are

Mar 29, 5:39pm

So the solution to increased suicide rates is promoting non-acceptance?

Jay Kay

Mar 29, 5:41pm

I think you captured what I said really well. If we were just a little more

Mar 29, 5:46pm

I think it captures my confusion regarding the correlation of acceptance and

Jay Kay

Mar 29, 5:50pm

It’s not categorized in a way for me to get more into it than that. The world is

Mar 29, 6:06pm

Possibly. Or it could be that there is another cause unrelated to acceptance.

Jay Kay

Mar 29, 6:09pm

1st sentence should be true. Problem is with how we decide a person’s

Soupie

Mar 29, 5:55pm

I like how definitively you state it's not because of social media. It's absolutely a part of it. It's because of

CSoul

Mar 29, 5:55pm

Only now are we producing adults who had 5+ yrs of teen smartphone use.

d-coug

Mar 29, 6:04pm

So true

TNT

Mar 29, 6:06pm

Hope and purpose. Having just one of those things causes your odds of suicide attempt to go next to 0 IMO.

darkcoug

Mar 29, 6:05pm

% male vs % female?

machete

Mar 29, 6:08pm

Usually male is way higher

Pretorian

Mar 29, 7:07pm

This article in the Atlantic is interesting.

Tweege

Mar 29, 7:10pm

Yeah this is a summary of Haidts work which the OP has said isn’t convincing

Mar 29, 7:15pm

Here’s my two cents

Mar 29, 7:18pm

Utah age rates 11-23 have been horrible for years. I have seen soo many

wildlandfireguy

Mar 29, 8:41pm

Data is clear. It's screen time. Kids access to social media, smartphones, video

bruincoug

Mar 30, 2:40pm

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