Whether the crisis of the third century, the French revolution, the Russian revolution, or the rise of Hitler, inflation tends to destabilize economies and governments.
You saw my answer below about flying around the world. I am also the one that is praying for your wife as well as you and all your family for a real healing from the Lord. He is in control of our lives as well as the earth we live in and will continue to live in until He comes and gets those of us that know Him. Blessing to you and your family Erick.
It takes fossil fuels and resources to power those batteries... And guess where that comes from? The digging and drilling the earth is for lithium and other resource. Why don't you tree hugger hippies read the real science?;
I work in the construction industry every day. ! There is no way batteries!! can replace what we do; we can not! Depend on batteries that need fossil fuel to charge! It's dumb and stupid to even think so!
I'm in the 40 to 50 range. With a single income. The 100 k + with two income are struggling as much as I am!! How can we get voters to see the needed change!?
I am very confused. I understand the need to keep promoting Democrats and Biden are responsible for inflation but since inflation is worldwide maybe we should dig deeper.
If the Republicans under Trump’s umbrella are able to come in and deny the vote of the people because they don’t like the outcome what is the long term impact on the electoral college. I have always been under impression that Republicans recognize the threat of destroying the electoral college. My state of Arizona along with several others states has a Republican government which didn’t like the outcome of the vote in our state and sent to DC alternate delegates to cast a vote for the state in the 2020 presidential election for Trump. I realize this is long and perhaps meandering but I feel very unsettled and confused.
"Inflation is anywhere and everywhere a monetary phenomenon."
- the late Nobel laureate economist Milton Friedman
At its core, Linda, inflation is a devaluing of a currency by excessive government spending and especially by increasing the amount of that currency in circulation by "money printing", etc. Since the beginning of the Biden administration, the money supply has been increased by over 5 trillion dollars.. This has the effect of devaluing the dollar by a corresponding amount. Since the seller of a good or service's costs do not decrease by a corresponding amount, it takes more of that devalued currency to purchase that good or service. The result is retail price inflation.
The real problem is that we have yet to see the worst of it, Linda. The Producer Price Index (PPI), which measures the cost of goods and services at the wholesale level, increased to a 12-month average of 8.5% as of September 2022. That means that the coming months will see a corresponding increase in the Consumer Price Index, currently at 8.2%. https://www.bls.gov/pPI/ A closer analysis of these figures indicate that the bulk of the PPI is in two areas - food and energy.
The only way that you escape this cycle is to do two things; reduce Federal government spending and increase the cost of borrowing money through higher interest rates. The Federal Reserve is doing the second one, but it will have, as it has already said, to increase rates further. The inevitable result of this will be a severe and protracted recession, in f not an actual depression. However, the Bidenauts see no need to decrease spending; in fact, they want to spend even more in the delusional belief that we can spend our way out of this mess.
So yes, Linda, Joe Biden, under the sway of the Marxist radicals who control both him and the Democrat Party, are eager to totally destroy the American economy or at best (which I doubt) are just unbelievably dumb. I know that the truth hurts, but you'd better accept it for what it is, and what it will soon be.
Can you tell me how you reacted to the myriad times the democrats refused to believe the election was fairly won by a republican? In 2016, when Trump was elected, several democrat states objected to the certification of the election in just the same way some republicans did in 2020. I believe the democrats also did it both times George Bush was elected. Hillary has continued to claim that Trump was an illegitimate president. And it is not republicans who want to destroy the electoral college. So if you are unsettled and confused, it might be because you don't know all the facts. And, by the way, democrats rioted in DC and other cities for days after Trump was elected and the election certified. Not just a few, not just in DC and much more violently.
I was born in 1941 and remember all the facts you indicate I am so confused and unsettled about but perhaps so. I don’t tha recall two years after the election Gore, Kerry, or Hillary traveling around the country with the premise of raising support for Republican candidates and talking about himself and the stolen election. Maybe I just forgot. If your response is from Erick Erickson please indicate as much.
I am a subscriber and I detect a tone that is superior and insulting and wish to clarify your the source of your remarks.
Inflation is two fold... to much cash floating around and not enough supply. The powers in charge decided to destroy the supply chain because of covid and then flushed trillions of dollars in cash into the system... the bozos in charge are politically viewing the way the supply chain works and seeing unions are the answer than objectively trying to help it back together in its many parts. Then you double the price of fuel which is a component in everything. I'm sure there are other things involved but the 4 parts co2 in 10000 parts of the atmosphere is not the problem.
I’ll accept some inflation if it means we are reducing our dependence on fossil fuels. You and the other Climate Crisis skeptics care little about the planet we are leaving for our children. Shame on you.
I care greatly for the planet and my children. I think the current plans proposed by the left will do nothing to solve the problem and are, in fact, likely to lead to a voter backlash that prevents real solutions and innovation from being offered.
Erick, these people that have NOT studied anything about what the earth has in the ground and how much it cost to get it out to build batteries and try to use batteries to fly 747 airplanes around the earth, are not informed at all about what goes on, they just listen to the demoflats that have flat brains, if they have one, and they know nothing about electric cars and what it would take to keep them running day in and day out.
I have several degrees in these things, flown all kinds of Boing aircraft like the 747 around the world, had many tractors on the ranches, non of this electric stuff works. These people just listen to the brainless people that started all of this, and they are demoflats.
Maybe if all that science that shows millions of years of climate change duly notes that the trace atmospheric element CO2 is a trailing indicator for a warming environment and that our climate has been warming since the early 1700s was untrue I would be a believer in manmade climate change, but I don't believe it because those things are true.
I cannot agree more but for now, until battery technology is good enough and cheap enough to not break the average American, we need to drill, baby, drill. The world will NOT die if we drill for another 20 to 30 years. But our economy and cost of living will be greatly reduced. Battery technology will improve. Too many people are working on it now. By forcing this too soon, you run the risk of angering the general population and actually preventing the change you seek through electing people who are anti-ev.
Erick
For you next person that has NO CLUE what the cost has been, is now, or will be in the future, here is the web site for electric power.
Erick
You saw my answer below about flying around the world. I am also the one that is praying for your wife as well as you and all your family for a real healing from the Lord. He is in control of our lives as well as the earth we live in and will continue to live in until He comes and gets those of us that know Him. Blessing to you and your family Erick.
It takes fossil fuels and resources to power those batteries... And guess where that comes from? The digging and drilling the earth is for lithium and other resource. Why don't you tree hugger hippies read the real science?;
Batteries don't charge them sevles you fucking idiots!
I work in the construction industry every day. ! There is no way batteries!! can replace what we do; we can not! Depend on batteries that need fossil fuel to charge! It's dumb and stupid to even think so!
God willing I hope so.
Your research and intelligence is amazing! My schedule doesn't give me much time to call in but I really love listening to you!
I'm in the 40 to 50 range. With a single income. The 100 k + with two income are struggling as much as I am!! How can we get voters to see the needed change!?
I am very confused. I understand the need to keep promoting Democrats and Biden are responsible for inflation but since inflation is worldwide maybe we should dig deeper.
If the Republicans under Trump’s umbrella are able to come in and deny the vote of the people because they don’t like the outcome what is the long term impact on the electoral college. I have always been under impression that Republicans recognize the threat of destroying the electoral college. My state of Arizona along with several others states has a Republican government which didn’t like the outcome of the vote in our state and sent to DC alternate delegates to cast a vote for the state in the 2020 presidential election for Trump. I realize this is long and perhaps meandering but I feel very unsettled and confused.
"Inflation is anywhere and everywhere a monetary phenomenon."
- the late Nobel laureate economist Milton Friedman
At its core, Linda, inflation is a devaluing of a currency by excessive government spending and especially by increasing the amount of that currency in circulation by "money printing", etc. Since the beginning of the Biden administration, the money supply has been increased by over 5 trillion dollars.. This has the effect of devaluing the dollar by a corresponding amount. Since the seller of a good or service's costs do not decrease by a corresponding amount, it takes more of that devalued currency to purchase that good or service. The result is retail price inflation.
The real problem is that we have yet to see the worst of it, Linda. The Producer Price Index (PPI), which measures the cost of goods and services at the wholesale level, increased to a 12-month average of 8.5% as of September 2022. That means that the coming months will see a corresponding increase in the Consumer Price Index, currently at 8.2%. https://www.bls.gov/pPI/ A closer analysis of these figures indicate that the bulk of the PPI is in two areas - food and energy.
The only way that you escape this cycle is to do two things; reduce Federal government spending and increase the cost of borrowing money through higher interest rates. The Federal Reserve is doing the second one, but it will have, as it has already said, to increase rates further. The inevitable result of this will be a severe and protracted recession, in f not an actual depression. However, the Bidenauts see no need to decrease spending; in fact, they want to spend even more in the delusional belief that we can spend our way out of this mess.
So yes, Linda, Joe Biden, under the sway of the Marxist radicals who control both him and the Democrat Party, are eager to totally destroy the American economy or at best (which I doubt) are just unbelievably dumb. I know that the truth hurts, but you'd better accept it for what it is, and what it will soon be.
Can you tell me how you reacted to the myriad times the democrats refused to believe the election was fairly won by a republican? In 2016, when Trump was elected, several democrat states objected to the certification of the election in just the same way some republicans did in 2020. I believe the democrats also did it both times George Bush was elected. Hillary has continued to claim that Trump was an illegitimate president. And it is not republicans who want to destroy the electoral college. So if you are unsettled and confused, it might be because you don't know all the facts. And, by the way, democrats rioted in DC and other cities for days after Trump was elected and the election certified. Not just a few, not just in DC and much more violently.
I was born in 1941 and remember all the facts you indicate I am so confused and unsettled about but perhaps so. I don’t tha recall two years after the election Gore, Kerry, or Hillary traveling around the country with the premise of raising support for Republican candidates and talking about himself and the stolen election. Maybe I just forgot. If your response is from Erick Erickson please indicate as much.
I am a subscriber and I detect a tone that is superior and insulting and wish to clarify your the source of your remarks.
Inflation is two fold... to much cash floating around and not enough supply. The powers in charge decided to destroy the supply chain because of covid and then flushed trillions of dollars in cash into the system... the bozos in charge are politically viewing the way the supply chain works and seeing unions are the answer than objectively trying to help it back together in its many parts. Then you double the price of fuel which is a component in everything. I'm sure there are other things involved but the 4 parts co2 in 10000 parts of the atmosphere is not the problem.
I’ll accept some inflation if it means we are reducing our dependence on fossil fuels. You and the other Climate Crisis skeptics care little about the planet we are leaving for our children. Shame on you.
I care greatly for the planet and my children. I think the current plans proposed by the left will do nothing to solve the problem and are, in fact, likely to lead to a voter backlash that prevents real solutions and innovation from being offered.
Erick, these people that have NOT studied anything about what the earth has in the ground and how much it cost to get it out to build batteries and try to use batteries to fly 747 airplanes around the earth, are not informed at all about what goes on, they just listen to the demoflats that have flat brains, if they have one, and they know nothing about electric cars and what it would take to keep them running day in and day out.
I have several degrees in these things, flown all kinds of Boing aircraft like the 747 around the world, had many tractors on the ranches, non of this electric stuff works. These people just listen to the brainless people that started all of this, and they are demoflats.
Demoflats. Hilarious.
Let’s face it, the majority of your audience are Trump supporters and, like him, deny that a climate crisis even exists.
Maybe if all that science that shows millions of years of climate change duly notes that the trace atmospheric element CO2 is a trailing indicator for a warming environment and that our climate has been warming since the early 1700s was untrue I would be a believer in manmade climate change, but I don't believe it because those things are true.
The backlash, led by your side, is re gas prices and inflation. Admittedly the result of our reduction in drilling.
If we don’t reduce the drilling, we’re not doing anything to reduce reliance on FF. You must know that.
I cannot agree more but for now, until battery technology is good enough and cheap enough to not break the average American, we need to drill, baby, drill. The world will NOT die if we drill for another 20 to 30 years. But our economy and cost of living will be greatly reduced. Battery technology will improve. Too many people are working on it now. By forcing this too soon, you run the risk of angering the general population and actually preventing the change you seek through electing people who are anti-ev.