US US Politics General - Discussion of President Biden and other politicians

 

[>tfw no Asian gf]

So I'm mostly a retard when it comes to economics but aren't price controls one of, if not the most counterproductive things you can do to try solving rising prices and inflation?

If they really do it then that will confirm my worst fears, that the world at large is ruled by actual retards who think that reality itself can bend to their will just so they can put in place their autistic agenda, they are evil for sure but also mentally retarded and I don't know if that's better or worse than being ruled over by just plain evil machiavelian schemers.

 

[quaawaa]

My wife is finally waking up to how serious the situation here in the US right now after she heard that the gov't is going to set prices for gas, and she's thinking we should move to her home in South Korea for a few years. I don't think it's that bad of an idea since I could make more money there than I can in the states (and that's saying something when you see how bad the Korean Won is ATM).

Edit: SK has a populist president now, and she loved Trump's populist policies so she's hoping that Korea will see a economic resurgence. That, and TBH the healthcare system there is faster and cheaper.

Moving to South Korea won't save you:

S.Korea May inflation hits near 14-yr high, beats expectations​

By Jihoon Lee and Choonsik Yoo

June 3, 2022

South Korea's consumer inflation picked up more than expected in May to a near 14-year high on a global surge in cost for materials and food, data showed on Friday, cementing the case for further interest rate raises.

The consumer price index (CPI) rose 5.4% in May from a year before, the Statistics Korea data showed, speeding up from a 4.8% rise the previous month and faster than 5.1% tipped in a Reuters poll.

It even topped the highest forecast of 5.2% in the survey and was the fastest annual growth since August 2008, while standing above the central bank's 2% target for a 14th consecutive month.

"We don't expect interest rates to be raised faster because of today's figures, but the central bank will need to keep the tightening stance while watching for any sign of inflation peaking out around July," said Kong Dong-rak, an economist at Daishin Securities, who expects the central bank to raise rates two more times this year.

Both the central bank chief and the finance minister have said inflation would stay above 5% for a few months. The Bank of Korea sharply raised this year's inflation projection to 4.5% last week from the previous 3.1%.

The BOK has raised policy rates by a total of 1.25 percentage points in five steps since August last year, including a hike of 25 basis points (0.25%) last week, and has warned of more increases to fight the inflation.

The core CPI, which excludes volatile food and energy prices, rose 3.4%, the fastest rise since February 2009.

Source (Archive)

 

[Meat Target]

So I'm mostly a retard when it comes to economics but aren't price controls one of, if not the most counterproductive things you can do to try solving rising prices and inflation?

If they really do it then that will confirm my worst fears, that the world at large is ruled by actual retards who think that reality itself can bend to their will just so they can put in place their autistic agenda, they are evil for sure but also mentally retarded and I don't know if that's better or worse than being ruled over by just plain evil machiavelian schemers.

Yep. Price ceilings lead to shortages. That's high school economics.

 

[God of Nothing]

If they really do it then that will confirm my worst fears, that the world at large is ruled by actual retards who think that reality itself can bend to their will just so they can put in place their autistic agenda, they are evil for sure but also mentally retarded and I don't know if that's better or worse than being ruled over by just plain evil machiavelian schemers.

you didn't know that before?
i mean, did you think they were being totally ironic with the post-modern marxism where nothing is real and belief defines reality?

 

[mandatorylurk]

You see it's deliberate, should be attempted murder, get that old guy to press charges.

 

[>tfw no Asian gf]

you didn't know that before?
i mean, did you think they were being totally ironic with the post-modern marxism where nothing is real and belief defines reality?

I wanted to believe that there was some kind of evil masterplan that was being carried out by competent minions, instead we have retards who through their sheer stupidity are perfectly capable of destroying their nations/fiefs by accident.

 

[MrJokerRager]

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You see it's deliberate, should be attempted murder, get that old guy to press charges.

It does take a lot of will, in this economy, to use a car as a weapon against a shop or anything else without any danger to one's own life.

 

[Dracula's Spirit Animal]

I absolutely agree, but at the same time one must respect the Clown World Corollary (CWC, for short): the more retardedly nonsensical a particular policy seems, the greater chance it has of being implemented.

Makes me think of something some user wrote on here a whiile ago. I can't remember who, but I saved the post...

Pick the dumbest, most ignorant, most ass-backwards thing you can possibly think of that nobody in their right mind would do with the slightest bit of sanity.
That is what everyone will do.
And STILL manage to fuck it up.

 

[God of Nothing]

I wanted to believe that there was some kind of evil masterplan that was being carried out by competent minions, instead we have retards who through their sheer stupidity are perfectly capable of destroying their nations/fiefs by accident.

That was probably the original intention before they started to drink the koolaid themselves. Soros probably feels that right now with his faggot marxist son

 

[Blacklight]

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You see it's deliberate, should be attempted murder, get that old guy to press charges.

I love that little old man shuffle about 5 seconds after the car crashes through.

 

[Rome's rightful successor]

I maybe an economic retard to but what if instead of price control they stop printing money and manually raise the value dollar back up again to pre-federal reserve al la 1912 levels? Would that work?
How would you deflate the economy?

 

[draggs]

Florida's red flag law, which Dethsantis supports and was made law in 2018, has been used 8,000 times to confiscate people's guns

8,000 times in a red state that is getting redder

Would Florida have had 8,000 or more additional gun murders from 2018 to today if that law did not exist? No. Not even close. Florida averages a little under 1,000 gun murders a year

Red flag law is being used even in Florida to confiscate guns from large numbers of people who obviously are not a threat. These laws are a backdoor national mass gun confiscation in defiance and violation of the 2nd and 5th amendments

 

[Dr. Ricearoni]

I maybe an economic retard to but what if instead of price control they stop printing money and manually raise the dollar back up again to pre-federal reserve al la 1912 levels? Would that work?

What if America, collectively, withdraws $100 in cash out of every paycheck and just fucking burns it, and we destroy the supply faster than they can print it.
They can't jail us all.

 

[verissimus]

Are you americans already in the phase of communism that are blaming the business owners for their woes? because thats the next phase after price gouging

Sort of though I wouldn't necessarily lay that one on communism (much as I wouldn't mind laying the blame on that) as opposed to power hungry douchebags that can't and won't admit to screwing the pooch.

 

[JustSomeDong]

What if America, collectively, withdraws $100 in cash out of every paycheck and just fucking burns it, and we destroy the supply faster than they can print it.
They can't jail us all.

Because there's not enough actual, physical currency for that to make much difference.

 

[LUNEKO]

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You see it's deliberate, should be attempted murder, get that old guy to press charges.

This is perfectly rational behavior, but putting Biden "i did that" stickers on gas pumps?
that's worth an FBI warrant to search houses

 

[verissimus]

So I'm mostly a retard when it comes to economics but aren't price controls one of, if not the most counterproductive things you can do to try solving rising prices and inflation?

If they really do it then that will confirm my worst fears, that the world at large is ruled by actual retards who think that reality itself can bend to their will just so they can put in place their autistic agenda, they are evil for sure but also mentally retarded and I don't know if that's better or worse than being ruled over by just plain evil machiavelian schemers.

How about I put it this way : price controls have historically always failed. Does that help?

 

[elite_club]

Because there's not enough actual, physical currency for that to make much difference.

Well if banks start failing because these retards who bought(and are still buying) """investment""" properties can't pay their loans due to variable rates, inflation and the job market making property maintenance downright expensive, wage stagnation that makes tenants unable to pay rent increases to cover that new overhead, and/or interest rates going up fucking over everyone who has a job for a company that doesn't really do anything other than service its(variable rate) debt, what happens to all the digital dollars that "exist" when the FDIC only guarantees $250k per account?

 

[Flan Handler]

I maybe an economic retard to but what if instead of price control they stop printing money and manually raise the value dollar back up again to pre-federal reserve al la 1912 levels? Would that work?
How would you deflate the economy?

Here’s a little explainer of what happened to get the interest rates to 20% in 1980.

Long story short: we’ve been living in an economic methadone clinic for decades, hooked on money printing and low interest rates to avoid the pain of economic reality.

It’s going to suck until we take our medicine. And the medicine is going to suck.

As a wise man once said, “if something cannot go on forever, it will stop”.

 

[Meat Target]