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All-TigerNet [5719]
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Musk and Trump views on inflation
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Feb 12, 2025, 3:30 PM
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It was interesting to hear musk’s opinion on inflation
He basically said the roadmap for reducing inflation is cutting the budget deficit in half from $2 trillion to $1trillion by cutting wasteful spending and by loosening regulations to spur economic growth
In addition he made the point which is very important that by moving people from non-productive jobs (like government employees and unnecessary corporate regulatory jobs) to productive jobs where products and services are created - this will create true value and reduce inflationary pressures
I really think it’s hard for anyone to disagree with the logic here.
The idea that we can grow the economy at a 5% clip while keeping inflation at bay is really exciting
I’m glad we have leadership that understands how value is created and the root causes of inflation. I’m also excited the have a plan and wish that the Democrats would just get out of the way and see if Trumps plan can really work.
I know it’s all partisan, but just get out of the way for the sake of the country - and if it’s a disaster then you can say “I told you so” and then give your communism a try
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Top TigerNet [30823]
TigerPulse: 100%
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Communism is guaranteed failure ... just ask History.***
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Feb 12, 2025, 3:40 PM
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Clemson Sports Icon [53069]
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Having a chunk of all of a sudden unemployed people does not increase
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Feb 12, 2025, 3:50 PM
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demand
Only unemployment
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Clemson Icon [27842]
TigerPulse: 100%
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Get a JOB!***
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Feb 12, 2025, 4:01 PM
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Clemson Conqueror [11668]
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All-TigerNet [5719]
TigerPulse: 100%
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You sir are wrong
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Feb 12, 2025, 9:23 PM
[ in reply to Having a chunk of all of a sudden unemployed people does not increase ] |
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Having a bunch of people paid for doing nothing productive drives inflation up.
You could fire the entire federal government save for the defense department and treasury department and it wouldn’t do a #### thing to the economy
A bunch of overpaid government employees creating ZERO value doesn’t help the economy one bit
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Ultimate Tiger [35201]
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Can you explain the logic here?...
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Feb 12, 2025, 6:18 PM
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I'm all for cutting the deficit...it needs to be a 1st step to running a surplus to knock down the debt. But how does cutting the deficit directly reduce inflationary pressure? Is it because the gov will be spending less $$, which lower GDP and slows economic growth?
And eliminating a lot of government jobs doesn't directly create more jobs to be filled this making them more productive... especially if growth could be impacted by lack of spending and impact of shock to unemployment/labor market.
I like a lot of what he has to say yesterday, but these comments didn't make a lot of sense to me.
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All-TigerNet [5719]
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Really?
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Feb 12, 2025, 9:29 PM
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How do you guys not understand that deficit spending is equivalent to pumping trillions of extra dollars into the money supply without any increase in productivity
All that money is spent on total crap and non-productive endeavors and is completely and absolutely inflationary
And these leaches working for the federal government competing for goods and services against real working Americans that make #### and provide legit services
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Orange Blooded [2552]
TigerPulse: 95%
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Re: Really?
Feb 12, 2025, 10:10 PM
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“All that money is spent on total crap and non-productive endeavors and is completely and absolutely inflationary”
Have u ever taken an Econ class?
Or do you just ramble?
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Ultimate Tiger [35201]
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Can you do better than that?....
Feb 13, 2025, 6:56 AM
[ in reply to Really? ] |
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Because there isn't always a correlation of budget deficit and increase in inflation rate. Look at around 2010...huge spike in budget deficit and inflation rate cratered at the same time.
"All that money is spent on total crap and non-productive endeavors and is completely and absolutely inflationary"
Is the money not fungible? How are you counting deficit $s differently than non-deficit $s. Why couldn't the deficit $s be spent on tanks and weapons...meaning real goods?
And how does the productivity of the individual consumer impact inflation? A steel workers $ is less inflationary than a federal worker's $?
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Clemson Conqueror [11668]
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Re: Can you explain the logic here?...
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Feb 12, 2025, 9:32 PM
[ in reply to Can you explain the logic here?... ] |
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Government spending, when does right, is associated with comparable GDP growth.
This ~ axiom is not a simplistic ‘rule’ for growing GDP.
In 2024, the Biden Handlers Admin increased govt spending by ~3x the growth in GDP. The Q4 inflation numbers (with the federal government fiscal calendar goes from Oct 1st through Jan. 31st) had inflation at ~3.1%. This is ~ 0.5 % higher than forecasts.
There are too many 7nproductive government jobs; many are even worse than that, being counter productive.
The faster that excess + counterproductive govt jobs get cut, the faster that the private sector will get stronger. Private sector growth is how the economy grows strongly. Those eliminated govt sector workers will find work in the private sector after they adjust to a less lavish lifestyle.
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Ultimate Tiger [35201]
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huh?...
Feb 13, 2025, 8:30 AM
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what does "Government spending, when does right, is associated with comparable GDP growth" mean?
Government spending is included as part of the GDP.
I'm all for government shrinking and federal jobs being cut, but I don't think that makes the private sector automatically more productive as a result. That makes no sense. There aren't automatically job openings created in the private sector due to public sector jobs being cut. In fact, quite the opposite. Those gov workers spend their money in the private sector. When they get laid off, they spend less money, which has a constricting effect on the private sector, in general.
Laying off a bunch of economists, political science majors, and the like it's going to do a whole lot to bolster the labor market where it needs it. The market needs engineers and I presume firing a bunch of federal workers isn't going to put that many more engineers in the job market!
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Game Changer [2053]
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Thats all well and good except that Trump has
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Feb 12, 2025, 6:23 PM
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no actual plan to cut the deficit. He has a history of adding record amounts to the deficit, and his campaign promises add even more to the deficit. Musk and Trump don’t care about about spending. Musk cares about cutting regulation/obstacles that impede us companies’ financial performance, and Trump cares about cutting anyone that isn’t blindly loyal to him to gain more power and profit.
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All-TigerNet [5719]
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Hes got a plan and the democrats are suing to stop it
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Feb 12, 2025, 9:30 PM
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They are going to slow him down, but I don’t think they are going to stop him.
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Clemson Conqueror [11668]
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Re: Thats all well and good except that Trump has
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Feb 12, 2025, 9:43 PM
[ in reply to Thats all well and good except that Trump has ] |
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Trump’s history of increasing the debt was most prominently associated with the COVID crisis.
Your boy Brandon and his Indian-American DEI VP had no such economic catastrophe with which to contend, yet he managed to spend money at a comparable rate.
Why is it that shills for the Uniparty laud how Harris / Biden spending was OK, yet Trump, less than 4 weeks into his second term has government waste in the crosshairs as the balancing component of his intended government expenditures?
The people madder about Trump are either direct beneficiaries of wasteful / unproductive government spending or indirect beneficiaries (I.e., people working for the NGOs, many of which are being revealed as being engaged in money laundering … funding other NGOs that direct money to politicians’ / big-shot bureaucrats’ family members).
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Game Changer [2053]
TigerPulse: 97%
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He added a bunch to the deficit even before covid
Feb 12, 2025, 10:40 PM
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with his tax cuts. If he follows through on his campaign promises, he will add even more.
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Ultimate Clemson Legend [109096]
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I think the only person, perhaps, who knows why we had the inflation we had are
Feb 12, 2025, 7:18 PM
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Jarome Powell, and maybe Biden, not sure about him. I do know the federal reserve knows. It wasn't US governemnt spending that sent inflation up 35% in Sri Lanka. Or 27% in Russia. or 14% in Brazil. Or 12% in the UK. Or 11% in Israel. Or 8% in India. Or 13% in Germany. Or 12% in South Africa. Or 9% in Egypt. Or 20+% in Turkey. Or.....I can go on and on and on. Oh, Germany gets it and know why too, from what I've read.
Found an article that shows what I'm talking about. Will see if they explain the reason.
Nope, they missed the reason. But at least they confirm this wasn't a "US" phenomenon.
https://www.pewresearch.org/short-reads/2022/06/15/in-the-u-s-and-around-the-world-inflation-is-high-and-getting-higher/
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Clemson Icon [27842]
TigerPulse: 100%
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Joined: 2010
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You could probably find something here... It's an international thing.
Feb 12, 2025, 10:30 PM
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https://offshoreleaks.icij.org
Greed and corruption is an intercontinental endeavor.
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Game Changer [2053]
TigerPulse: 97%
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Seems like as legitimate of a source as TweakTown,
Feb 12, 2025, 10:41 PM
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which you love and we know is a bastion of truth.
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Team Captain [483]
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