Janet Yellen’s husband and a bunch of other progressive Nobel Prize-winning economists have published a doomsday piece claiming that if elected, Donald Trump’s policies would provoke inflation. While partisan claims from partisan experts are nothing new, the media coverage is.
So they have laid their cards on the table. The economy is great and there is, and never was inflation, but suddenly, on January 20th, 2025 at noon the media will report OMG look what Trump did, oh the humanity (blacks and children hit hardest).
They will do with inflation what they did after the debate, we're shocked, shocked I tell you.
I'm sure CNN and CBS knows disinformation when they see it. So, they do what they are told by the DNC.
Aren't these the same people who said that a 25% tariff by Biden wouldn't cause prices to rise but a Trump tariff would cause inflation. It is just magical when a Democrat does stuff. Amazing. My economic life has been so magical the last few years.
Nobel prize for BS should go to these clowns because we know a Nobel prize doesn’t mean diddly Barack Obama got the peace prize and drones the crap out of people.We know what this is and the Democrats or the press can’t hide it anymore nobody trusts the media government or politicians to tell the truth. I lost 20% or more on my money since Joey from Scranton showed up don’t tell me Trump would be worse
Nearly all of the media, most of the government and a frightening number of large corporations are nothing more than a progressive machine that has been being built for decades. Obama was the switch that turned on the machine and Trump disrupted its operation for a period of time. Nothing is going to stop them, especially when the majority of the people, republican party in particular, are either blissfully ignorant or in deep denial.
Its not rocket science. I don't need Nobel Prize-winning economists to tell me that Trump policies will be terrible for inflation. As far as I can tell from his last administration / what comes out of his mouth he's for high spending, high debt, low taxes, and ultra high tariffs. That looks pretty inflationary to me. Problem is Biden is not much better. The one wrinkle is that I think Trump is dumb / impulsive enough to try to control the fed. If he does that I could see him making interest rates artificially low to boost the stock market and for the short term economic jolt at the expense of long term inflation creating a vicious cycle.
Also despite the endless blabbering on this, there's absolutely no reason to believe that had he won in 2020 current inflation would have been any better.
It's not that Biden's not much better, it's that he's much worse. The whole green thing has destroyed our economy, and continual spending on black holes will make it worse. Someone has to stop the bleeding.
That would be a comforting thought if it were true, but spending on green initiatives is not what lead to the recent bout of high inflation. It was mainly COVID lockdown demand / supply chain disruptions and massive amounts of printed money (stimulus, PPP, insanely low interest rates, etc.) Hence why inflation has been a global phenomenon that has spared almost no nation. These sh_tty policies were supported and implemented by both Trump and Biden administrations with much of the spending doled out during Trump's. Pinning this on Biden without the proper context would be like saying Trump drove our economy into a terrible recession / crisis towards the end of his term. It's a true statement at face value, but lacks the context of COVID which is why you don't see anyone with any credibility making that argument. The same goes for Biden and inflation, but I see everyone being duped by that argument.
When I say green initiatives I mean the climate bill or whatever the hell it's called. Don't lecture me on what's true. You should do some research on all the harm it's done. It's just money thrown at nothing. Certain people getting rich with no actual positive results. And don't assume that I am saying that Trump's policies helped. Both were harmful and costs trillions. But I see the policies and intentions of the last term as being so incredibly destructive and there should be no argument that they have exacerbated inflation in every way. I mean, Janet Yellen was asked the other day if there was sticker shock at the grocery checkout and she said no. Seriously?
I am having a discussion with some K-Street lobbyists right now regarding how these economic "experts" were wrong regarding the Biden inflation predictions. Can you provide the source article that names these Nobel laureates (apologies if it was included into today's show notes)?
NOTE: One of the lobbyists also has one of the 51 foreign policy "experts" you referenced on their team. When I pointed that fact out, his response was "the expert said the Hunter Biden laptop 'has the earmarks' of Russian disinformation, not that it was Russian disinformation." Great way to weasel out of admitting his partner was wrong...
Exactly, if they obfuscate the economists’ partisanship, they will have no problem trying to team up three on one against Trump. Pretty likely that Biden's team knows the exact questions that will be asked, because, why not?
So they have laid their cards on the table. The economy is great and there is, and never was inflation, but suddenly, on January 20th, 2025 at noon the media will report OMG look what Trump did, oh the humanity (blacks and children hit hardest).
They will do with inflation what they did after the debate, we're shocked, shocked I tell you.
I'm sure CNN and CBS knows disinformation when they see it. So, they do what they are told by the DNC.
Aren't these the same people who said that a 25% tariff by Biden wouldn't cause prices to rise but a Trump tariff would cause inflation. It is just magical when a Democrat does stuff. Amazing. My economic life has been so magical the last few years.
Nobel prize for BS should go to these clowns because we know a Nobel prize doesn’t mean diddly Barack Obama got the peace prize and drones the crap out of people.We know what this is and the Democrats or the press can’t hide it anymore nobody trusts the media government or politicians to tell the truth. I lost 20% or more on my money since Joey from Scranton showed up don’t tell me Trump would be worse
Economists love to give each other prizes for theories that have no bearing on reality.
I would appreciate if all of your comments were written out. For various reasons, I seldom watch the videos. I enjoy your perspective.
Nearly all of the media, most of the government and a frightening number of large corporations are nothing more than a progressive machine that has been being built for decades. Obama was the switch that turned on the machine and Trump disrupted its operation for a period of time. Nothing is going to stop them, especially when the majority of the people, republican party in particular, are either blissfully ignorant or in deep denial.
or too busy sharing in the spoils!!!
Indeed, that as well.
You beat me to it. As soon as they get comfortable at the Table of Power, they put on the ring and join in the fleecing of the public.
Its not rocket science. I don't need Nobel Prize-winning economists to tell me that Trump policies will be terrible for inflation. As far as I can tell from his last administration / what comes out of his mouth he's for high spending, high debt, low taxes, and ultra high tariffs. That looks pretty inflationary to me. Problem is Biden is not much better. The one wrinkle is that I think Trump is dumb / impulsive enough to try to control the fed. If he does that I could see him making interest rates artificially low to boost the stock market and for the short term economic jolt at the expense of long term inflation creating a vicious cycle.
Also despite the endless blabbering on this, there's absolutely no reason to believe that had he won in 2020 current inflation would have been any better.
It's not that Biden's not much better, it's that he's much worse. The whole green thing has destroyed our economy, and continual spending on black holes will make it worse. Someone has to stop the bleeding.
That would be a comforting thought if it were true, but spending on green initiatives is not what lead to the recent bout of high inflation. It was mainly COVID lockdown demand / supply chain disruptions and massive amounts of printed money (stimulus, PPP, insanely low interest rates, etc.) Hence why inflation has been a global phenomenon that has spared almost no nation. These sh_tty policies were supported and implemented by both Trump and Biden administrations with much of the spending doled out during Trump's. Pinning this on Biden without the proper context would be like saying Trump drove our economy into a terrible recession / crisis towards the end of his term. It's a true statement at face value, but lacks the context of COVID which is why you don't see anyone with any credibility making that argument. The same goes for Biden and inflation, but I see everyone being duped by that argument.
When I say green initiatives I mean the climate bill or whatever the hell it's called. Don't lecture me on what's true. You should do some research on all the harm it's done. It's just money thrown at nothing. Certain people getting rich with no actual positive results. And don't assume that I am saying that Trump's policies helped. Both were harmful and costs trillions. But I see the policies and intentions of the last term as being so incredibly destructive and there should be no argument that they have exacerbated inflation in every way. I mean, Janet Yellen was asked the other day if there was sticker shock at the grocery checkout and she said no. Seriously?
I am having a discussion with some K-Street lobbyists right now regarding how these economic "experts" were wrong regarding the Biden inflation predictions. Can you provide the source article that names these Nobel laureates (apologies if it was included into today's show notes)?
NOTE: One of the lobbyists also has one of the 51 foreign policy "experts" you referenced on their team. When I pointed that fact out, his response was "the expert said the Hunter Biden laptop 'has the earmarks' of Russian disinformation, not that it was Russian disinformation." Great way to weasel out of admitting his partner was wrong...
https://www.cnn.com › 2024 › 06 › 26 › business › nobel-economists-trump-inflation › index.html
https://www.cbsnews.com/news/trump-economy-nobel-prize-winners-letter-inflation-warning/https://www.msn.com/en-us/money/markets/16-nobel-prize-winning-economists-warn-trump-policies-will-reignite-inflation/ar-BB1oTbtV
Thanks!
CBS appears to be down and CNN - despite the title just takes you to their political page.
https://www.msn.com/en-us/money/markets/16-nobel-prize-winning-economists-warn-trump-policies-will-reignite-inflation/ar-BB1oTbtV
Exactly, if they obfuscate the economists’ partisanship, they will have no problem trying to team up three on one against Trump. Pretty likely that Biden's team knows the exact questions that will be asked, because, why not?