Political memes, Posters, Funny Pics, Etc.

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Re: Political memes, Posters, Funny Pics, Etc.

Post by GannonFan »

kalm wrote: Fri Mar 24, 2023 8:07 am Inflation.

It's why you never let inflation out of the bag to begin with. Relying on modern monetary theory will be the economic failing of this administration for years to come. On the bright side, we have a perfect macro-example of the lunacy of that theory to go on if some nut ever brings it up again.
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Re: Political memes, Posters, Funny Pics, Etc.

Post by kalm »

BDKJMU wrote: Fri Mar 24, 2023 8:47 am
kalm wrote: Fri Mar 24, 2023 8:07 am Inflation.

Well, Stewart proves himself an idiot.
Why?
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Re: Political memes, Posters, Funny Pics, Etc.

Post by kalm »

GannonFan wrote: Fri Mar 24, 2023 8:47 am
kalm wrote: Fri Mar 24, 2023 8:07 am Inflation.

It's why you never let inflation out of the bag to begin with. Relying on modern monetary theory will be the economic failing of this administration for years to come. On the bright side, we have a perfect macro-example of the lunacy of that theory to go on if some nut ever brings it up again.
I don’t disagree.
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Re: Political memes, Posters, Funny Pics, Etc.

Post by GannonFan »

kalm wrote: Fri Mar 24, 2023 9:02 am
BDKJMU wrote: Fri Mar 24, 2023 8:47 am
Well, Stewart proves himself an idiot.
Why?
Wow, good catch, quoted before the post deletion.

I don't blame the companies, per se, unless there's real evidence they're trying to screw people. One of the problems of letting inflation out of the bag is that people need to make decisions at one point in time assuming where inflation is going to go and what the impacts could be well on down the road. Of course they're going to take positions to protect themselves (i.e. raising prices) to deal with potential impacts (i.e. higher wages, higher costs for raw materials and shipping, etc). Inflation makes everything unsettled and unpredictable, and in that environment people and companies make decisions to hedge against the worse cases. So yes, that can drive inflation. But the root cause is inflation starting in the first place. It's very hard to control it after it's begun to snowball.
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Re: Political memes, Posters, Funny Pics, Etc.

Post by BDKJMU »

kalm wrote: Fri Mar 24, 2023 9:02 am
BDKJMU wrote: Fri Mar 24, 2023 8:47 am
Well, Stewart proves himself an idiot.
Why?
Because corporate profits have nothing to do with the root causes of inflation. That would be somethinglike like 8 trillion dollars in extra govt spending over 2020-2022, the Fed keepiing interest rates artificially low for too long 2021-2022, govt causing a labor shortage and driving up labor costs by paying people not to work in 2020-2021. Government causes inflation with their monetary policies, not private business.

As far as companies, Its not the profit dollar amount that matters, its margin. And many companies that are making record profits are doing it on the same profit margin. In other words, if their costs go up 20%, they raise their prices by 20%. Making a record profit (not necessarily an inflation adjusted record profit). But their margin is the same,
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Re: Political memes, Posters, Funny Pics, Etc.

Post by BDKJMU »

GannonFan wrote: Fri Mar 24, 2023 9:14 am
kalm wrote: Fri Mar 24, 2023 9:02 am

Why?
Wow, good catch, quoted before the post deletion.

I don't blame the companies, per se, unless there's real evidence they're trying to screw people. One of the problems of letting inflation out of the bag is that people need to make decisions at one point in time assuming where inflation is going to go and what the impacts could be well on down the road. Of course they're going to take positions to protect themselves (i.e. raising prices) to deal with potential impacts (i.e. higher wages, higher costs for raw materials and shipping, etc). Inflation makes everything unsettled and unpredictable, and in that environment people and companies make decisions to hedge against the worse cases. So yes, that can drive inflation. But the root cause is inflation starting in the first place. It's very hard to control it after it's begun to snowball.
True. And the root cause is govt policies.
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Post by Ibanez »

BDKJMU wrote: Fri Mar 24, 2023 9:33 am
GannonFan wrote: Fri Mar 24, 2023 9:14 am

Wow, good catch, quoted before the post deletion.

I don't blame the companies, per se, unless there's real evidence they're trying to screw people. One of the problems of letting inflation out of the bag is that people need to make decisions at one point in time assuming where inflation is going to go and what the impacts could be well on down the road. Of course they're going to take positions to protect themselves (i.e. raising prices) to deal with potential impacts (i.e. higher wages, higher costs for raw materials and shipping, etc). Inflation makes everything unsettled and unpredictable, and in that environment people and companies make decisions to hedge against the worse cases. So yes, that can drive inflation. But the root cause is inflation starting in the first place. It's very hard to control it after it's begun to snowball.
True. And the root cause is govt policies.
:nod: :nod: :nod: Among other contributing factors.
Inflation sucks but are we really expecting GM or General Mills to LOWER their prices b/c costs are increasing? :dunce: :dunce: The record profits are just a socialist red herring, IMO.
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Re: Political memes, Posters, Funny Pics, Etc.

Post by BDKJMU »

Ibanez wrote: Fri Mar 24, 2023 9:47 am
BDKJMU wrote: Fri Mar 24, 2023 9:33 am
True. And the root cause is govt policies.
:nod: :nod: :nod: Among other contributing factors.
Inflation sucks but are we really expecting GM or General Mills to LOWER their prices b/c costs are increasing? :dunce: :dunce: The record profits are just a socialist red herring, IMO.
See, once in a while we agree in something. :D

Heck, you should have been on here 2 weeks ago. Over a couple of days on here I had an agreement with 88, an agreement with Houndie, and a kudos from Kalm. I said either hell is freezing over, or I need to check my conk card to see if its still intact, 😆.
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Post by kalm »

Ibanez wrote: Fri Mar 24, 2023 9:47 am
BDKJMU wrote: Fri Mar 24, 2023 9:33 am
True. And the root cause is govt policies.
:nod: :nod: :nod: Among other contributing factors.
Inflation sucks but are we really expecting GM or General Mills to LOWER their prices b/c costs are increasing? :dunce: :dunce: The record profits are just a socialist red herring, IMO.
There are many publicized examples where price increases went significantly beyond cost increases. Or reinvestment in safety measures and wages were exceeded by stock buy backs (see railroads and/or Palestine Ohio.

It wouldn’t matter in a true capitalistic system as those companies would get pounded by competition. Or one where large corporations couldn’t purchase favorable deregulation or regulation.

So yeah…socialism.
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Post by UNI88 »

kalm wrote: Fri Mar 24, 2023 4:58 pm
Ibanez wrote: Fri Mar 24, 2023 9:47 am
:nod: :nod: :nod: Among other contributing factors.
Inflation sucks but are we really expecting GM or General Mills to LOWER their prices b/c costs are increasing? :dunce: :dunce: The record profits are just a socialist red herring, IMO.
There are many publicized examples where price increases went significantly beyond cost increases. Or reinvestment in safety measures and wages were exceeded by stock buy backs (see railroads and/or Palestine Ohio.

It wouldn’t matter in a true capitalistic system as those companies would get pounded by competition. Or one where large corporations couldn’t purchase favorable deregulation or regulation.

So yeah…socialism.
So you're saying that some companies take advantage of opportunities to pad their bottom line and/or increase their bonuses? How is that different from some individuals taking advantage of opportunities (COVID relief funds) to not work?
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Re: Political memes, Posters, Funny Pics, Etc.

Post by kalm »

UNI88 wrote: Fri Mar 24, 2023 5:29 pm
kalm wrote: Fri Mar 24, 2023 4:58 pm

There are many publicized examples where price increases went significantly beyond cost increases. Or reinvestment in safety measures and wages were exceeded by stock buy backs (see railroads and/or Palestine Ohio.

It wouldn’t matter in a true capitalistic system as those companies would get pounded by competition. Or one where large corporations couldn’t purchase favorable deregulation or regulation.

So yeah…socialism.
So you're saying that some companies take advantage of opportunities to pad their bottom line and/or increase their bonuses? How is that different from some individuals taking advantage of opportunities (COVID relief funds) to not work?
The qualification process for starters? Individuals vs. companies. Covid being one-off (hopefully) in which economic individual stimulus kept the economy afloat benefitting everyone including said companies that ratcheted up profits.

My over riding point is the system - crony, poorly regulated capitalism.

I’m sure there are more similarities as well as glaring differences.
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Post by kalm »

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Post by UNI88 »

kalm wrote: Fri Mar 24, 2023 6:06 pm
UNI88 wrote: Fri Mar 24, 2023 5:29 pm
So you're saying that some companies take advantage of opportunities to pad their bottom line and/or increase their bonuses? How is that different from some individuals taking advantage of opportunities (COVID relief funds) to not work?
The qualification process for starters? Individuals vs. companies. Covid being one-off (hopefully) in which economic individual stimulus kept the economy afloat benefitting everyone including said companies that ratcheted up profits.

My over riding point is the system - crony, poorly regulated capitalism.

I’m sure there are more similarities as well as glaring differences.
COVID relief was just an example of individuals gaming the system just like corporations do.

The point is that the less scrupulous will attempt to game the system. Conks tend to overlook the corporations and whine about the individuals while Donks do the opposite.

Back on topic, I'm sure that some companies upped their prices anticipating greater increases in costs and wanting to be ahead of the game. Is that good business or gaming the system?
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Post by Pwns »

:lol: :lol: :lol: :lol:

Celebrate Diversity.*
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Post by kalm »

UNI88 wrote: Fri Mar 24, 2023 6:22 pm
kalm wrote: Fri Mar 24, 2023 6:06 pm

The qualification process for starters? Individuals vs. companies. Covid being one-off (hopefully) in which economic individual stimulus kept the economy afloat benefitting everyone including said companies that ratcheted up profits.

My over riding point is the system - crony, poorly regulated capitalism.

I’m sure there are more similarities as well as glaring differences.
COVID relief was just an example of individuals gaming the system just like corporations do.

The point is that the less scrupulous will attempt to game the system. Conks tend to overlook the corporations and whine about the individuals while Donks do the opposite.

Back on topic, I'm sure that some companies upped their prices anticipating greater increases in costs and wanting to be ahead of the game. Is that good business or gaming the system?
On the surface it’s good business. Beyond that it’s an obvious rabbit hole of questions surrounding essential services, strategic manufacturing and transportation, monopoly, subsidies, etc. The idea that we’re applying free market principles to a gamed system.
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Post by kalm »

Trump has since deleted the baseball bat truth. I wonder why? ;)

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Post by kalm »

Mike might want to read up on religion and philosophy…

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Post by kalm »

SeattleGriz wrote: Sun Mar 26, 2023 10:01 am
Very.
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Post by kalm »

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Post by kalm »

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Post by Winterborn »

kalm wrote: Mon Mar 27, 2023 6:35 am
Kids in Africa wish they could be a "starving" kid here in America. :coffee:
“The best of all things is to learn. Money can be lost or stolen, health and strength may fail, but what you have committed to your mind is yours forever.” – Louis L’Amour

“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.” - G. Michael Hopf

"I am neither especially clever nor especially gifted. I am only very, very curious.” – Albert Einstein
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Post by kalm »

Winterborn wrote: Mon Mar 27, 2023 6:50 am
kalm wrote: Mon Mar 27, 2023 6:35 am
Kids in Africa wish they could be a "starving" kid here in America. :coffee:
Back to the mines with you!
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Post by Winterborn »

kalm wrote: Mon Mar 27, 2023 7:07 am
Winterborn wrote: Mon Mar 27, 2023 6:50 am

Kids in Africa wish they could be a "starving" kid here in America. :coffee:
Back to the mines with you!
Yes, boss!

Another shovel full coming right up.

phpBB [video]


phpBB [video]
“The best of all things is to learn. Money can be lost or stolen, health and strength may fail, but what you have committed to your mind is yours forever.” – Louis L’Amour

“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.” - G. Michael Hopf

"I am neither especially clever nor especially gifted. I am only very, very curious.” – Albert Einstein
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Re: Political memes, Posters, Funny Pics, Etc.

Post by kalm »

Oops…

(for those not viewing it on Twitter, the congressman’s caption reads:

“The very atmosphere of firearms everywhere and anywhere retrains evil interference - they deserve a place of honor with all that’s good..”



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