What's new
By:
USCHO Fan Forum

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

  • The USCHO Fan Forum has migrated to a new plaform, xenForo. Most of the function of the forum should work in familiar ways. Please note that you can switch between light and dark modes by clicking on the gear icon in the upper right of the main menu bar. We are hoping that this new platform will prove to be faster and more reliable. Please feel free to explore its features.

Business, Economics, and Taxes: Capitalism. Yay? >=(

Status
Not open for further replies.
unofan said:
Inflation doesn't cause higher employment, nor does higher employment cause inflation, at least directly.
Click to expand...

Nobody said they did.

The point is the Fed was supposed to have two jobs but it's only been doing one. They are the equivalent of a department of transportation charged with keeping commerce moving while also enforcing highway safety removing all speed limits because the commercial lobby is stronger than the kids who get splatted lobby.

Man freezing to death: "oh God, I could use some heat."

uno: "So, you'd like to live on the surface of the Sun?!"
 
See, people were complaining that Biden wasn't doing anything to lower gas prices, so he releases some oil from the reserve and now crude oil is down 12% in a day.

You're welcome.
 
Kepler said:
Nobody said they did.

The point is the Fed was supposed to have two jobs but it's only been doing one. They are the equivalent of a department of transportation charged with keeping commerce moving while also enforcing highway safety removing all speed limits because the commercial lobby is stronger than the kids who get splatted lobby.

Man freezing to death: "oh God, I could use some heat."

uno: "So, you'd like to live on the surface of the Sun?!"
Click to expand...

Because the fed's tools are great for controlling inflation but suck for stimulating employment. If you're out of a job, you aren't borrowing money even if interest rates are 0%. But you can ratchet interest rates to the moon to stop inflation if needed. You want to stimulate jobs, you need fiscal policy, not monetary. Which means Congressional action.

"Oh god I could use some heat."

"Here, have this match, it's all I've got."
 
unofan said:
Because the fed's tools are great for controlling inflation but suck for stimulating employment. If you're out of a job, you aren't borrowing money even if interest rates are 0%. But you can ratchet interest rates to the moon to stop inflation if needed. You want to stimulate jobs, you need fiscal policy, not monetary. Which means Congressional action.

"Oh god I could use some heat."

"Here, have this match, it's all I've got."
Click to expand...

he-aintlyin-preach.gif
 
French Rage said:
See, people were complaining that Biden wasn't doing anything to lower gas prices, so he releases some oil from the reserve and now crude oil is down 12% in a day.

You're welcome.
Click to expand...

But now they're complaining cause he raided the strategic reserve.
 
French Rage said:
See, people were complaining that Biden wasn't doing anything to lower gas prices, so he releases some oil from the reserve and now crude oil is down 12% in a day.

You're welcome.
Click to expand...

I saw a tweet yesterday which was all of things the GOP blamed Biden for, he then took the type of action they asked for and then they blamed him for taking said action. This included oil prices and releasing the reserves. At first I thought it was the Onion it was so ridiculous.
 
FadeToBlack&Gold said:
The Meijers won't change a d@mn thing until the law forces them to. When I worked there briefly in 2004, they still paid all the hourly employees using Meijer-branded payroll debit cards. Now they are required to offer direct deposit as an option.

If the minimum ever goes to $15/hr, I predict they will adopt as much of the Aldi model as they can. They'll convert all the checkouts to self-checkouts, make people wrangle their own carts with 25 cent deposits, and start charging for bags.
Click to expand...

I felt empathy for my team leads. Kind, compassionate, empathetic people and forced to deal with whatever Corporate came up with. I know for my department, we had to pick 125 items per hour, and we simply didn't have the personnel for that.
 
French Rage said:
Partially due to Omicron, but partially due to the Fed ramping down easing due to inflation fears.
Click to expand...

Oh yeah, it wasn't a good news day. I'm sure there will be a little bounce tomorrow. Probably a down week overall, but nothing too alarm raising.
 
Status
Not open for further replies.
Back
Top