2024 US Presidential Elections Megathread

[Josquius]

Even if Biden was perfectly healthy, he is doing a terrible job of pinning the blame for inflation where it belongs.
Reading a fair bit that the price rises are being labelled as his fault.

[Admiral Yi]

Where does the blame truly lie?

[Barrister]

Where does the blame truly lie?

Margaret Thatcher.

[Grey Fox]

Where does the blame truly lie?

Greed, well Capitalism.

[Valmy]

Where does the blame truly lie?

It's complicated. But the notion the current president conjured current global economic conditions out of thin air is a tad absurd. Bill Clinton's doing.

[viper37]

Where does the blame truly lie?

Greed, well Capitalism.

Inflation predates capitalism.  And greed is part of human nature. 

[Valmy]

Where does the blame truly lie?

Greed, well Capitalism.

Well I think those are two related issues.

One is that the US economy (and maybe the world economy? IDK) is increasingly being concentrated into the hands of a few cartels and monopolies that are working hard to use their market share to suppress wages and increase prices. So that's a problem. So people who want to point to greed certainly have some things to point out.

On the other hand we just are (were?) in an inflationary moment in the world economy due to the fallout from Covid. Governments spent a lot to offset the impacts of the lockdowns and supply chains were disrupted, hence inflation.

[Norgy]

I would be interested in knowing where exactly to "pin" inflation. I just love simple explanations. The less factors considered, the better.

[The Minsky Moment]

I don't think the inflation was a huge mystery, it was global phenomenon, arising from the impact of the pandemic and the subsequent lifting of restrictions.

[The Minsky Moment]

On the other hand we just are (were?) in an inflationary moment in the world economy due to the fallout from Covid. Governments spent a lot to offset the impacts of the lockdowns and supply chains were disrupted, hence inflation.

This.

[Sheilbh]

I don't think the inflation was a huge mystery, it was global phenomenon, arising from the impact of the pandemic and the subsequent lifting of restrictions.

Also major fossil fuel exporter invading major agriculture centre.

I think there is also evidence, in the US, of sellers' inflation/"greedflation". I think it's less a factor in Europe.

[The Minsky Moment]

I think there is also evidence, in the US, of sellers' inflation/"greedflation". I think it's less a factor in Europe.

Maybe but if there's a difference it isn't clearly reflected in the overall rates in the two areas.
Invoking my inner Yi, I'd say there's a very fine line between "greedflation" and businesses in a market economy setting prices reflective of actual market supply and demand conditions. Perhaps so fine it's not really a line at all.

[grumbler]

I would be interested in knowing where exactly to "pin" inflation. I just love simple explanations. The less factors considered, the better.

Who the hell are you?

 

[Admiral Yi]

I would be interested in knowing where exactly to "pin" inflation. I just love simple explanations. The less factors considered, the better.

Excess money supply.

[PJL]

I would be interested in knowing where exactly to "pin" inflation. I just love simple explanations. The less factors considered, the better.

Excess money supply.

Not necessarily, it could be increased money velocity.