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How Would Republicans Decrease Inflation.

D

disobey

Guest
Most likely, they would do it the way they usually do it. Just see to it that the majority of Americans have less money to spend. While at the same time of course seeing to it that the wealthy get wealthier. Though Richard Nixon came up with a novel approach. He put a price and wage freeze in place.
 

middleview

President
Supporting Member
Most likely, they would do it the way they usually do it. Just see to it that the majority of Americans have less money to spend. While at the same time of course seeing to it that the wealthy get wealthier. Though Richard Nixon came up with a novel approach. He put a price and wage freeze in place.
I remember his wage and price controls. They failed miserably. Did you forget Whip Inflation Now pins that Ford had printed up?

We had between a year and 18 months of dramatically lowered spending by all of us staying home, due to the pandemic. The danger lessens with the widespread availability of vaccines and we all start spending on vacations, entertainment and "stuff". That is where the inflation came from. Not government spending.
 

PhilFish

Administrator
Staff member
Most likely, they would do it the way they usually do it. Just see to it that the majority of Americans have less money to spend. While at the same time of course seeing to it that the wealthy get wealthier. Though Richard Nixon came up with a novel approach. He put a price and wage freeze in place.
Has the wealth gap decreased under this administration?

Has inflation decreased under this administration?
 
D

disobey

Guest
I remember his wage and price controls. They failed miserably. Did you forget Whip Inflation Now pins that Ford had printed up?

We had between a year and 18 months of dramatically lowered spending by all of us staying home, due to the pandemic. The danger lessens with the widespread availability of vaccines and we all start spending on vacations, entertainment and "stuff". That is where the inflation came from. Not government spending.
Well if prices and wages were actually frozen, it couldn't have failed. Could it. As for WIN, it was never anything more than a talking point. I don't remember anything actually being done to whip inflation. Next, though it did have some effect, there is no reason to bring the pandemic into this. Long before then there were times of high inflation and low inflation. It is just something that seems to come and go. Despite if there is a republican or democrat in office.
 

middleview

President
Supporting Member
Well if prices and wages were actually frozen, it couldn't have failed. Could it. As for WIN, it was never anything more than a talking point. I don't remember anything actually being done to whip inflation. Next, though it did have some effect, there is no reason to bring the pandemic into this. Long before then there were times of high inflation and low inflation. It is just something that seems to come and go. Despite if there is a republican or democrat in office.
The wage and price controls failed because of the huge increase in prices as soon as controls ended.

The only real tactic has been the federal reserve increases in interest rates.
 
D

disobey

Guest
Has the wealth gap decreased under this administration?

Has inflation decreased under this administration?
I don't think anything substantial can be done about the gap between the wealthy and poor. Not under our economic system. According to what the internet says, the wealthiest 1% of families in the U.S. have a about 40% of the wealth. And 90% of families have around one quarter of the wealth.
 

PhilFish

Administrator
Staff member
I don't think anything substantial can be done about the gap between the wealthy and poor. Not under our economic system. According to what the internet says, the wealthiest 1% of families in the U.S. have a about 40% of the wealth. And 90% of families have around one quarter of the wealth.
Yes. But that's not the premise of your thread. Nor an answer to what I asked.
 
D

disobey

Guest
The wage and price controls failed because of the huge increase in prices as soon as controls ended.

The only real tactic has been the federal reserve increases in interest rates.
What controls. That's the whole point of capitalism. Greed. The main driving factor seems to be oil prices. Not how much those who can afford debt have to pay in interest.
 
D

disobey

Guest
Yes. But that's not the premise of your thread. Nor an answer to what I asked.
The premise of my thread is what republicans would do to decrease inflation. Many are going to vote republican based on inflation. I told what they could expect. As to your questions, I answered them well enough.
 

PhilFish

Administrator
Staff member
The premise of my thread is what republicans would do to decrease inflation. Many are going to vote republican based on inflation. I told what they could expect. As to your questions, I answered them well enough.
Sure. I interpret that to mean that Republicans may do more or less the same as what Democrats are currently doing, which is pretty much nothing to curb inflation

Well enough.
 
Most likely, they would do it the way they usually do it. Just see to it that the majority of Americans have less money to spend. While at the same time of course seeing to it that the wealthy get wealthier. Though Richard Nixon came up with a novel approach. He put a price and wage freeze in place.
They will try and restart the Keystone pipeline which is a big nothingburger as far inflation goes.
And
They will remove the sanctions on Russia. So we can get cheap gas from Russia.

Other than that... nothing.
 

PhilFish

Administrator
Staff member
Not what this thread is about. Stay on topic.
How would republican deal with Inflation?
My guess is some combination of continued increase of interest rates and fiscal tightening. And then you would flip and start complaining about how bad things are. How am I doing?
 
My guess is some combination of continued increase of interest rates and fiscal tightening. And then you would flip and start complaining about how bad things are. How am I doing?
I think interest rate hikes are bad policy currently.
And I think you naive to believe Republicans will fiscally tighten.
 

PhilFish

Administrator
Staff member
I think interest rate hikes are bad policy currently.
And I think you naive to believe Republicans will fiscally tighten.
Why? We've been throwing money at everybody and everything and we've dug ourselves a hole. Interest rates are going to go up a lot more
 
D

disobey

Guest
They will try and restart the Keystone pipeline which is a big nothingburger as far inflation goes.
And
They will remove the sanctions on Russia. So we can get cheap gas from Russia.

Other than that... nothing.
The thing about inflation is that it happens when people have plenty of money to spend. In other words, when the economy is good. The only real way to stop inflation, under our capitalist system, is to make the economy bad.
 

bdtex

Administrator
Staff member
Most likely, they would do it the way they usually do it. Just see to it that the majority of Americans have less money to spend. While at the same time of course seeing to it that the wealthy get wealthier. Though Richard Nixon came up with a novel approach. He put a price and wage freeze in place.
They're not concerned about that at all. They got a laptop. That's all they care about right now. They think that's their ticket to winning the next election. That and appeasing Trump is all that matters to them.
 
D

disobey

Guest
They're not concerned about that at all. They got a laptop. That's all they care about right now. They think that's their ticket to winning the next election. That and appeasing Trump is all that matters to them.
Who isn't concerned about inflation. Because on the news they talk about it all the time. And unfortunately, a lot of people think that the republicans could do a better job at controlling it. Which they probably could. By ruining the economy and making people more poor.
 

PhilFish

Administrator
Staff member
Who isn't concerned about inflation. Because on the news they talk about it all the time. And unfortunately, a lot of people think that the republicans could do a better job at controlling it. Which they probably could. By ruining the economy and making people more poor.
People are..more poor.. or no?

 
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