Trump says he will keep criticizing Fed....................

I've always gotten a kick out of you pseudo economists who have figured out exactly how to make a nation economically viable.

God its so easy you think our government would have figured it out by now also.

I guess they should have hired you since you know the path to success.

I suppose all those economists with PhD's who are arguing from both sides about the best way forward are just wrong.

They should be listening to you and your solution.

 

And he was politicized during the Obama administration.

 

Come on Apache, I really like you but your ridiculously partisan stances on everything is out of hand. In every instance it is always, Republican good, Democrat bad. The federal reserve is run by a cadre of international bank swindlers who have been heavily skimming our nations wealth for over a century under both Democrats and Republicans. To claim that Obama some how all of a sudden politicized it is laughable. I know you hate the guy, but get a grip.

 

I am unaware of any economists who believe $1T deficits at a time of relative peace and prosperity is a sustainable model given what the deficit will be during a recession.

 

Auditing it every month would reveal how much of our nations wealth is being skimmed by the pack of international percentage swindlers who own it. Abolishing it would stop them from robbing us blind as they have been for over a century....The Creature From Jekyl Island..

 

Of course you aren't, and that proves my point.

Perhaps if you actually studied the field you would see them.

 

Sad you didn't get the point of either of those posts. Neither of which were stating that we were having inflation at the time merely that it might happen. Sequester happened which limited spending somewhat. IN fact both of those were arguments against raising interest rates at the time. In other posts I also stated that the Fed was the only branch of government that, given the economic situation, was behaving as it should.

 

Artificially keeping interest rates low to prop up Obama's phony economy is one thing.

The Feds manipulate and set interest rates to control inflation, that's their job.

But during Obama's economy the Feds printed up trillions of dollars with nothing to back up that money with.

What If ?

Don't you like "what if's" ?

Nixon took us off the Gold Standard.

Just think what would happen if America returned to the Gold Standard ?

Going to the 7/11 to buy a six pack of beer.

 

Why are you quoting me?

I'm not making any argument from an economical view, I'm not an economist and don't pretend to be.

 

Sense congress not presidents fix the budget there is little he can do in that regard if congress will not cooperate.

 

Which is exactly what Trump wants Powell to do for his PHONY economy. That's what his beef is, the current interest rates are TOO HIGH for Trump's taste, not too low.

 

A mostake i just caught and went back and deleted. Your post should not have been in the post..

 

Thank you sir.

I am an idiot when it comes to economic things, I basically Google something to contribute then run away.

People like yourself are far more knowledgeable than me in that area.

However I do read yours and others posts and hope to learn from you guys.

 

It's uneventful, inflation has to increase and it's going to hurt.

I would have rather seen inflation slowly increased during the Obama economy that being kicked in the balls and having it all take place during Trump's economy.

 

Nope the current interest rates aren't a problem. Raising them prematurely might be.

 

He could propose a balanced budget

Typically the president is considered the leader of his party. Are you saying trump is not the leader of his parth and does not set the agenda?

 

What record growth, you mean like leftist math where you begin at the bottom of the greatest crash since the great depression "So it's been claimed" and Mr. Obatard gets a bump/reset and then manages to buy a 1.6% economic growth with EIGHT TRILLION That could have been achieved with a crackhead, well any other crackhead like Mr. Obatard! It was a no brainer and Barry fit the mold perfectly!

 

You can propose all the budgets you want it is up to congress to pass them. And with neocons in charge of congress Trump isn't going to get everything he wants in fact the last budget congress passed was meant to be a slap in Trump's face.

 

The thing is that Trump may have paid lip service to the federal debt when he campaigned. Now, he just wants good GDP growth, no matter how it is attained, be it by low interest rates or deficit spending or both. He knows that if the tax cuts were accompanied by an equal amount of spending cuts, their effect on the economy would be minimal. That's why Republicans do borrow and spend instead of borrow less and spend less.

 

Sorry Obama and others have already proven that deficit spending doesn't, by itself, create good economic growth. Ditto adding low interest rates, had that combination caused good economic growth we would not have had a recession since WWII and would have averaged far better economic growth.

 

Obama's term didn't prove that at all. He had to fight debt deleveraging and deflation. Considering these headwinds, his average GDP growth actually was not bad. I can post a graph if you are interested.

 

Hard to have much inflation with 2% economic growth. That's what they were telling us the new normal was. So, of course, they'll describe our current 3.5 to 4% growth as phony.

 

Nonsense. A bubble is a bubble. There have probably dozens burst since the 1700's. The first Bush had better economic numbers and that was after the complete collapse of the Savings and loan business and the near destruction of the New England Pleasure boating business.

 

Explain please.

 

Sure. 2% economic growth means you aren't adding a lot of jobs, wages aren't really growing, demand is flat, because wages are flat, and so prices are flat.