SEPTEMBER 9, 2021
NY Times: Inflation’s Worldwide Surge May Be a Good Sign
The current trend in rising prices ties back to disruptions caused by lockdowns and subsequent reopenings.
By Jeanna Smialek
The Times’ growing youth movement is bringing in a cadre of “educated” morons from “Generation Z” to spout the same old nonsense as the old timers and their predecessors have for more than a century now. The only difference between these know-it-all know-nothings and the senior propagandists at the Manhattan Mendacity Machine is that unlike sneaky scum such as “Nobel Prize Winning” economist Paul Krugman, little girls like this piece’s author, Jeanna Smialek, 29, seem to actually believe this horse-crap about “surging inflation” possibly being “a good sign.”
And why wouldn’t she? After all, it’s (((academics))) cut from the same commie cloth as Krugman who infest and dominate the Economics departments of our “prestigious” universities. This dorky little Keynesian C-word wouldn’t know the difference between free-market Austrian economist Freidrich Hayek and Hollywood harlot Selma Hayek. She’s that ill-informed. Let’s school her instead.
(*I just dropped $8 for a small hamburger with fried onions (no cheese even) and a coke at the local “Five Guys!” No more fast food for me.)
Jeanna: Price gains are shooting higher across many advanced economies as consumer demand, shortages and other pandemic-related factors combine to fuel a burst of inflation.
Rebuttal: Wrong, wrong, wrong, wrong, wrong! Prices are rising because the “pandemic related” money supply has exploded at the fastest pace since the WW 2 year of 1943. Do some homework!
All those stimulus checks, payoffs for hospital and nursing home murders, “free” Covid testing, “free” vaccines, extended unemployment, money to the states — not to mention the already skyrocketing costs of Social Security & Medicare in America — are being “paid for” with “printed money.” More dollars chasing the same, or fewer, amount of goods is the very definition of inflation. The dying dollar has got nothing to do with supply & demand issues.
Jeanna: The spike has become a source of annoyance among consumers …..
Rebuttal: No, Jeanna. For 6-figure earners like you, it may be an “annoyance.” But for most middle class workers and retirees, the considerable theft of food and gas money that’s been taking place is frightening — not “annoying.”
Jeanna: It is one of the main factors central bankers are looking at as they decide when — and how quickly — to return monetary policy to normal.
Rebuttal: What Jeanna surely does not realize is that a “return to normal” monetary policy (contraction)— though putting the brakes on inflation — would burst the stock market and real estate bubbles, while increasing unemployment. Such is the built-in folly of the artificial boom/bust cycle which Keynestards believe to be natural occurrences — that must be intelligently managed by the very same “policy makers” of the Central Bank system which creates both the crashes and the “recoveries.” Nuts!
Jeanna: Most policymakers believe that today’s rapid inflation will fade.
Rebuttal: You stupid little shit. You’re gonna give me a heart attack, you know that girl?! Though the rate of inflation may eventually “fade,” — the newer price levels and the devalued dollar always remain. Bet your bottom shekel on this, Jeanna — my hamburger and drink at “Five Guys” ain’t NEVER going back to $6 of recent months, or the $5 of just a year or two ago.
Jeanna: The shared inflation experience underscores that mismatches between what consumers want to buy and what companies are able to deliver are helping to drive the price increases.
Translation: You see, it’s the free market causing inflation due to “mismatches” between buyers and sellers. Forget the “Invisible Hand” (which libtards love to mock) that regulates markets and sets prices organically. No, only the Keynesian “policy makers” can fix this.
Jeanna: While those may be amplified by worldwide stimulus spending…
Rebuttal: After making an obligatory nod toward “stimulus spending,” here comes the “yeah but.”
Jeanna: they are not the simple result of nation-specific policy choices — and they should eventually work themselves out.
Rebuttal: Oh, they ARE indeed the result of government policy choices — and the damaging effects will not “work themselves out” as long as “policy makers” keeping mucking things up.
Jeanna: “There is a lot of stimulus in the system, and it is pushing up demand and that’s driving higher inflation,” said Kristin Forbes, a Massachusetts Institute of Technology economist.
Rebuttal: We needed an MIT economist to tell us that more printing leads to more inflation?
But don’t be fooled by Jeanna’s brief detour into rationality. Her central argument remains that pent-up demand, Covid shortages, and “mismatches” are the key drivers of what will likely be a “temporary” inflation. And the worst part is, we actually believe that she really does believe this nonsense.