• 6 Posts
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Joined 11 months ago
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Cake day: December 22nd, 2023

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  • Why? He did literally nothing to address it.

    What the fuck are you supposed to do? Unprint money???

    ???

    the fed is an independent agency, just look at trumps previous term. He couldn’t get them to do what he wanted, even with appointing a guy he liked.

    The president may not have the legal authority to dismiss a chairman before the end of a term, although this assumption has never been tested in court.

    also this.

    Price controls? Ronald Reagan?

    price controls may have worked. It’s hard to say unless you look at the revenue streams and accounting directly. But then you wouldn’t need price controls either so…

    Ronald Reagan had some pretty stupid economic policy. Notably removing legislation that would’ve prevented the 2008 financial crisis. But that doesn’t count apparently.











  • biden getting flak over inflation is fucking hilarious.

    The fed is literally irrelevant to the president, the president does not control inflation. Sure maybe his spending increased inflation. But the entire global economy was at a practical stand still. If you think getting a seized ICE working again is hard, try it with a global economy.

    You can bitch all you want about inflation, but at the end of the day, nobody really knows what the right solution here was. We could’ve gone through another great depression event if not for global stimulus. And a few years of bad inflation and high costs will beat literally starving.




  • i mean sure, if you thought i was defining democracy, that’s one of the ways you can define it.

    I was just making the argument that you shouldn’t give a fuck at all if you don’t even care to uphold the values of such democracy, yourself.

    Also if we’re being semantically pedantic here, a democracy is technically just a form of collective enrollment in governance. The people collectively as a unit decide who best represents their values, and then they elect that person to a position they see fit for those values.

    fun fact, we call people who are represented by politicians, constituents.