Politics and Religion
You can cherry pick some prices that are declining, but those had factors other than general inflation. For instance last year egg prices went stratospheric due to a shortage cause by disease. Prices came back to earth when new chicken populations were expanded.
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According to historical inflation rates, there have been no deflationary periods in the last 50 years. The inflation rate during the Biden administration has been the worst in at least 50 years, according to the attached chart. Without a deflationary period, general prices cannot come down (that would be the definition of deflation.)
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From the chart we can eyeball that the average rate of inflation is about 2%. People would need salary raises of 2% per year just to stay even. How many people got a 7% salary raise or even a 4% salary raise this year? If not, they have not broken even. They will be poorer unless and until their salary raises to the new norm. And they won't be richer until their salaries pass the rate of inflation. How many people are getting raises beyond the rate of inflation?
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Don't let anyone double talk you. Inflation is robbery. The government robs the average citizen, including the poorest among us, for whatever boondoggles they spend money on -- usually projects for connected friends who kick that back, 10% for the big guys.
- corporate tax cuts "for connected friends who kick that back"
- "In addition to the 2017 tax cut—and, specifically, the slashing of the corporate tax rate from 35 percent to 21 percent—the ProPublica authors also attributed the deficit increase to the inefficacy of Trump’s tariffs to cut down the debt. The tariffs on aluminum, steel, and other products raised only $36 billion, less than 1/750th of the national debt." (No one, other than Kudlow, thought that tariffs would work. Trump saw tariffs as a way to protect "connected friends who kick that back.")
- increased the deficit by $2 T
- "trickle down" never happened
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Inflation is GLOBAL and countries deal with it differently. The US has the lowest inflation among all countries with major economies and the US inflation rate continues to decline. The Fed anticipates lowering interest rates in 2024. (Image is for 2022; 2023 US numbers are even better.)
It's called the exchange rate. The supply of dollars is tied to USA policy, not any other country's policy. If the Euro inflates, the exchange rate changes. 
Switzerland's inflation rate never got above 3%. If countries are tossed around like boats in a world wide hurricane of inflation, why didn't Switzerland see high inflation?
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You are correct that governments flooded cash. That's called "policy." As I said, USA inflation was due to government "policy." This occurred during the Biden administration. The US could have followed the same policies as Switzerland.
They didn't. As a result we had massive inflation, greater than anything in half a century. These are the facts.
The national debt rose by nearly $8 TRILLION under Trump. And that's expected to increase by another $10 trillion over the next ten years. Thanks, Don!
Get it together, Fester.
