Re:65k fake students enrolled in the California junior colle...
by gamblor956 on Monday May 09, 2022 @07:05PM
(#31321050)
LOLOLOL. I worked on economics policy in a prior life. I've forgotten more about economic policy than you've ever known.
Inflation is not a bad thing; in fact, low-to-moderate inflation is desired. High inflation is not because it generally means that base or fixed cost growth (i.e., food and oil) is outpacing productive growth (pretty much everything else).
The option in front of politicians wasn't do these bills in this exact form or nothing at all. Why act like it was? It's a false premise.
No it wasn't, but it was the best package they could put together, and it took months to get that far due to ideologues blocking better/more efficient options.
It's for armchair economists like you to debate the theoretical perfect relief package that they should have passed, in the non-existent fantasy la la land where that would have been possible. Of course, in that fantasy land, COVID wouldn't have happened, and our economy would not have become dependent on JIT inventory.
Inflation is not a bad thing; in fact, low-to-moderate inflation is desired. High inflation is not because it generally means that base or fixed cost growth (i.e., food and oil) is outpacing productive growth (pretty much everything else).
The option in front of politicians wasn't do these bills in this exact form or nothing at all. Why act like it was? It's a false premise.
No it wasn't, but it was the best package they could put together, and it took months to get that far due to ideologues blocking better/more efficient options.
It's for armchair economists like you to debate the theoretical perfect relief package that they should have passed, in the non-existent fantasy la la land where that would have been possible. Of course, in that fantasy land, COVID wouldn't have happened, and our economy would not have become dependent on JIT inventory.