Yes. The belief that conservative parties are good economic managers is a lie. They are all playing Keynesian games.

The show must go on.

Exactly what I was thinking.

Yes, it was the covud stimulus package, and that was under Trump.

We need to stop using CPI for inflation and just look at money supply growth.

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Also Musk keeps saying that reigning in gov spending will solve it. The problem is much deeper than that.

I think that alone should be enough to temporarily dismiss his honesty about Bitcoin.

Zoom out further, gotta add Bush and Obama in there too…all of them.

I wrote long-form articles anticipating inflation before it happened based on the lagged outcome from the fiscal/monetary impulse, and then called for a period of disinflation from around the top (but still with structural inflationary pressures thereafter, which I continue to monitor).

Regarding macro, I got some things right or wrong, and sometimes had to pivot as new information or analysis compiled as we all have to do, but inflation is the key thing my analysis absolutely nailed. It's part of what 10'x my audience.

And a key reason for that was because I was non-partisan and non-biased in my analysis. During the Trump administration I began calling for inflation with a lag, and then during the early Biden administration I continued to call for it as it materialized, until the conditions for it began to ease.

A rapid growth in money supply is a leading indicator for a rapid growth in aggregate prices, and that started under Trump and continued under Biden. I was Monetarist and Austrian in my analysis, not Democratic or Republican.

Walker is largely correct, because Monetarists and Austrians are largely correct. Politics aside.

The reason I say that "nothing stops this train" is because 80-90% of the deficits are election-independent. If they were mostly election-dependent, then the train would be stoppable, and I wouldn't make the memes.

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This is objectively and macroeconomically correct.

Too much dollars chasing too few goods

Exactly. The LAG allows Trump to blame Biden, but most of the of inflation under Biden was caused by Fed monetization while Trump was President.

However, monetary inflation does NOT cause general price increases IF growth in GDP is equal to or more than the monetary inflation.

Why fact check Donald Trump? Just assume every single word is a lie, and go from there.

One hundred thousand percent...

Like inflation.

Yes, Trump was even bad even before the covid response. Both sides need the money printer brrrrring, neither side wants smaller government.

tl;dr ➡️ study Austrian Economics with nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8

https://youtube.com/playlist?list=PLQVlIVuMPXLY08XgLUdnknB4B28WLmG-z&si=AR3GjqlQcgFEI6Re

The guy is a pathological liar and career scammer.

It's good people are asking the right questions and finally taking notice.

Would have been the same with both of them

Bringing Community Notes to Nostr 😒

Important factor that people should understand is that bank reserves is not money creation in the real economy. That comes from a function of commercial bank lending activity, or fiscal spending

In spring 2020, I bought dozens of $10 trillion Zimbabwe notes and gave them away to friends - hoping to teach them about the perils of fiat. Today, those notes are up over 400% on eBay and a far better store of value than the dollar.

I remember Trump, Mnuchin, J-Pow, Kashkari, et al diluting/deleting dollar holders' purchasing power back then and will never forgive them.

Inflation is theft.

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Sí

The solution can't be political.

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We're just getting started. #Bitcoin

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Correct. Caveat M2 FRED report on economy is only slightly better than Pfizer's vaccine efficacy report.

Inflation is always up and to the right. Doesn’t matter who the president is..

Well maybe not. Maybe he could have signed executive orders to stop congress raising the debt ceiling or something. That oughta do it

Point taken. But expansion of M2 is not the same as inflation.

It sure can lead to one, but a health economy expands M2 as it grows

Wait where is the "Trump good, Biden bad" message that the cointards are pining for.

Yup. As a bystander, i think trump’s announcement of his standpoints have gotten much more neutral and sensible e.g. on abortion and education.

But as a politician, he still conveys certain messages in an (intentionally) extreme manner. Probably needs to continue brainwashing people using exaggerated statements like above.

I see so much willful ignorance around this point it drives me nuts. You could show Trump supporters M2 with his presidency highlighted and they still wouldn't accept it.

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Of course the monetary inflation was high under Trump as well, but the combination with failed energy politic and overregulation speed up the consumer prices

True but he Got played on the covid scam. He shut down the country and had to print.

What in the M2 between 2017 and 2020 ?

Only BTC fixes this…

💯 thanks for calling out BS.

In gold terms they did somehow manage to hold the dollar value pretty stable. But that's over since about 2020.

You're right, there are a few things to consider.

It doesn't matter who becomes president of the United States, However in order to have "deflation" or reduce "inflation" one of the only key metrics that can have a major impact on "price" is energy costs.

Reduce energy costs and the cost of living goes down, and the standard of living goes up.

All of these "climate" "activists" that want to dismantle the fossil fuel industry and cripple our current energy supply chain without building the new one are retarded and are a part of the woke mind virus anti-human death cult trying to kill everyone through authoritarian control policy and want to destroy us all through suicidal empathy.

End the FED.

End fiat monetary printing.

End the control of the Jewish owned central banks.

You had me at Trump just said + false, but thanks for the explanation anyway.

Yeah, seemed odd he's claiming he will stop it but didn't when he was in office. I didn't hear the full thing, just summary notes from: https://x.com/VigilantFox/status/1823219838367465643

Agreed. But had the leftist Governors not enslaved their populations over a virus merely 99.9% survive, things would have been a hellluva lot better as far as many states go.

We in Michigan took MILLIONS to Indiana, Florida, etc; to get some freedom.

I drove to Florida 5X’s during the Bullshit (because I would not wear their slave mask to fly).

All politicians fib, lie, embellish.

As a libertarian I’d much rather have a Rand Paul or Thomas Massie, but I’ll take 3/4 or 1/2 a loaf…

Anyone with a rudimentary knowledge of monetary policy could have told you inflation was on the way as soon as politicians started talking about stimulus. Especially at a time when the global amount of goods being produced was falling due to the lockdown.

Biden just doubled down on Trumps failed policies. Not unlike Hoover and FDR.

Yup, doesn't matter who is in charge of the money printer. At this point, whoever it is will keep printing to keep the fiat system afloat.