General Discussion

Amishman

(5,816 posts)

54. This is basic economic data and basic math, but fine - here you go

Fri Nov 15, 2024, 09:15 AM

Nov 15

Might not be my exact sources from before, but are within a a few percent. I had closed those tabs.

https://tradingeconomics.com/china/money-supply-m2
Jan 2020 - 202.
Current - 309
309/202 = 1.52, or 52% increase

https://tradingeconomics.com/euro-area/money-supply-m2
Jan 2020 - 12.4
Current - 15.4
15.4 / 12.4 = 1.24, or 24% increase

https://tradingeconomics.com/india/money-supply-m2
Jan 2020 - 38.4
Current - 63.1
63.1/38.4 = 1.64 or 64% increase

https://tradingeconomics.com/united-kingdom/money-supply-m2

Jan 2020 - 2.46
Current - 3.04
3.04 / 2.46 = 1.24 or 24% increase

It's basic macroeconomics, money supply increases like this - paired with static or increasing velocity of money - is intensely inflationary.

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Cook political / popular vote / turrnout change maps [View all] BootinUp Nov 14 OP

Wow! Turnout increased in the crucial swing states LeftInTX Nov 14 #1

Every state went more red in the electoral college map (Presidential) than in 2020 andym Nov 14 #2

Good theory. Nt BootinUp Nov 14 #3

The ridiculous part is it would have been worse BootinUp Nov 14 #4

yes-- good observation andym Nov 14 #5

Higher unemployment would have been BootinUp Nov 14 #6

Inflation was not caused by monetary policy BootinUp Nov 14 #7

It wasn't just inflation-- the higher FED rates caused higher interest rates causing increased debt andym Nov 14 #10

There is no reason to believe the fed would not raise BootinUp Nov 14 #11

The Fed should have raised rates earlier and been more aggressive with the hikes. Self Esteem Nov 14 #13

Faster than anywhere in the world is just BootinUp Nov 14 #14

This point is meaningless in the face of the BootinUp Nov 14 #15

Not really. Self Esteem Nov 14 #23

enough time on this hypothetical / alternative BootinUp Nov 14 #24

You were the one who initiated the discussion of alternate explanations. Self Esteem Nov 14 #25

The global inflation plus the amazingly fast BootinUp Nov 14 #28

The immaculate disinflation was a global phenomenon. Self Esteem Nov 14 #35

How does that implicate US spending BootinUp Nov 14 #38

The global nature supports my argument. BootinUp Nov 14 #39

I love the way you do a straight comparison of hard inflation numbers like BootinUp Nov 15 #43

Because the question was always about the perception of inflation. Self Esteem Nov 15 #63

Try this chart. Can't wait for your take on it. BootinUp Nov 15 #45

Now show m2 money supply and velocity of money FBaggins Nov 15 #47

I am saying it was unavoidable as demonstrated BootinUp Nov 15 #56

Inflation is not a "yes/no" binary FBaggins Nov 15 #57

I'm glad you were not in charge. Nt BootinUp Nov 15 #58

Here is an analysis of this specific case of inflation BootinUp Nov 15 #59

Later, P.K. declared inflation was over and added further analysis BootinUp Nov 15 #60

It just reinforces the original charts I showed. Self Esteem Nov 15 #61

Because you are not adjusting for different index calculations@! Read the PK article BootinUp Nov 15 #62

I am comparing apples to apples. Self Esteem Nov 15 #65

Putting blinders on you can't see what fruit you have@ BootinUp Nov 15 #66

Apples to apples. The US inflation rate is higher than multiple peer economies. Self Esteem Nov 15 #68

I guess back to normal range ain't good enough for you? BootinUp Nov 15 #64

I never said that lol Self Esteem Nov 15 #67

I cannot explain it better than Krugman BootinUp Nov 14 #29

His article literally supports what I said. Self Esteem Nov 14 #33

The emphasis is on supply, go to the final BootinUp Nov 14 #34

The emphasis is on the fact Americans had a shit-ton of money to spend in 2021. Self Esteem Nov 14 #36

Excerpt BootinUp Nov 14 #37

I have seen overlays of other countries BootinUp Nov 14 #40

And I will add, I think it's imaginative but BootinUp Nov 14 #16

Yes-- because the Fed is independent. NT. andym Nov 14 #20

That was my point-- both inflation and interest rates would have risen under Trump, harming consumers andym Nov 14 #21

Rec. BootinUp Nov 14 #22

It was heavily caused by monetary policy - can't grow M2 by 40% in a few years without causing inflation Amishman Nov 15 #50

Just refute the following BootinUp Nov 15 #51

please check your facts, other major economies grew their money supply significantly as well Amishman Nov 15 #52

You can't expect me to take BootinUp Nov 15 #53

This is basic economic data and basic math, but fine - here you go Amishman Nov 15 #54

World economies took various actions BootinUp Nov 15 #55

Biden's policies improved supply. Nt BootinUp Nov 14 #8

Yep Deminpenn Nov 14 #19

Pretty big drop in turnout across the big blue states. That's surprising. In It to Win It Nov 14 #9

Removed from the rolls? kentuck Nov 14 #12

Not surprising when you consider Biden's approval ratings among Democrats. onenote Nov 14 #17

None of it is surprising in a global pandemic BootinUp Nov 14 #18

Biden wasn't running, Harris did much more than just.... Think. Again. Nov 14 #26

California turnout DOWN 19%???? LSparkle Nov 14 #27

California 19% turnout. Sorry that makes no sense at all, and while it was lower, it was still 71%." JohnSJ Nov 14 #30

(Down) 19%. BootinUp Nov 14 #31

So third lowest in a century. Sounds bad BootinUp Nov 14 #32

It would make no sense - good thing it isn't true FBaggins Nov 14 #41

California counts real slow. Good point. BootinUp Nov 14 #42

Third lowest in 100 years apparently. nt BootinUp Nov 15 #44

It's actually the second largest number of voters - ever FBaggins Nov 15 #46

Thanks JohnSJ Nov 15 #49

That is another reason I was questioning it because here in California every registered voter is mailed a ballot with JohnSJ Nov 15 #48