It's fairly easy to pick a couple policies that would be true of any two American presidents and say "look they're the exact same people!!!!" while ignoring 10,000 other differences.
Which of their policies are similar?
Well that's because this post was made a half hour after the other post. Too little, too late to grab all of them sweet sweet fake internet points.
They do have Project 2025 as a guideline this time though. So we'll see how that works out, I guess. It's going to be all the true believers who probably don't have any actual management skills, but they'll at least be determined.
I'd argue that its name was somewhat deceptive (like most congressional acts) but that the money largely went to projects that are beneficial for the country. Also, the next section on Wikipedia talks about how the overall deficit reduction would lower medium-term and long-term inflation. I think in general, when money is allocated to things like this, it takes a long time to payback since the money has to first be disbursed and then the projects completed for the results to actually be felt.
Very interesting. Surely we can trust our current crop of billionaires to do better for society!
I'm not an economist, but your point on slow deflation seems to make sense. I wonder what deflation to prepandemic prices would do to the economy if it occurred over a couple years.
Sure, I agree that there's some amount of stretching, but not really an amount that's noticeable on a human scale. Like if you creased one piece of paper then laid it out next to an uncreased piece, you're not really going to see a length difference.
I'm not familiar with the phones you mentioned, but folding and unfolding something doesn't stretch it or change its length. Think about folding and unfolding a piece of paper.
The way I understand it is:
Prices are like position. Inflation is like speed, which is rate of change of position. The rate of change of inflation would be like acceleration, which is the rate of change of speed. I don't know if there is a term for rate of change of inflation.
Anyway, I think you might be confused about the terminology, but we're agreeing on other concepts. The inflated prices are here to stay. If prices generally fell (deflation), we would have other economic issues.
How did it make inflation worse now?
What other problems would you have liked them to solve?
Can you elaborate on what Rockefeller did? Never heard that before
Inflation was like 9% in 2022. It's like 2.5% now. How is that not bringing down inflation?
Inflation is the rate of change of prices. It's not the prices themselves. I got skewered in another thread for pointing this out, but I still think it's an important distinction.