It looks like we are close to the Dec 2019 numbers by the graphs?
I am not claiming the best economy ever or anything, just a lot better than say spring / summer of 2020. I don’t think it is crazy to think we have made progress.
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Putting spin on it is not making progress
It should be noted that workforce participation rate (people of workforce age/capacity who CHOOSE to work) is down approx. 1.5% (2.4 million people) from Feb 2020.
We’re recovering but far from recovered
I’m sorry, I guess I meant that the number were better than they were 21 months ago. And that things had been steadily improving over that time span. Not that shit was currently better than 1-24-'20. Good graphs!
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The inflation is definitely not that cool. But it’s a well know side-effect of government policies that decrease unemployment. More people working means fewer available workers, leading to an increase in wages and higher prices.
So instead of lots of people out of work, and the problems associated with tons of jobless people, those people are working, and everyone has to pay higher prices as a result.
How does everyone feel about this? Is it worth a higher price level/high inflation to keep more Americans working? Is it OK to pay more so your neighbor isn’t out on the street?
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While I am not sure the Philips curve is static, I think most educated on the topic would agree that at least short term there is a tradeoff between inflation and unemployment. It is likely at least part of what we are seeing in regards to inflation. I do believe shortages, are also to blame.
Man, I was just expecting when we cut the corporate tax rate a few years back that prices for their products would kinda go down. I guess that was crap.
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I took a microeconomics and macroeconomics, inflation isn’t that simple - like at all.
effectively, inflation happens when you import more than you export, but it also ties into how much people from other countries want your countries’ currency. It’s a moving target and definitely not a ‘constant’, in the literal sense of the term.
When I was younger (and dumber) I had inflation explained to me using kool-aid mix and water. Inflation happens when you keep adding water beyond what 1 packet of kool-aid is intended for, or at least that is how it was explained to me at the time. In reality, it’s more like how much other people want your kool-aid, and attempts to water it down makes people want it less. Still, if everyone had kool-aid and watered it down, the demand of your kool-aid would not have changed.
Inflation is a bitch, but a key economic indicator nonetheless.
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must… resist… econ… rant…
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This graph shows the effects of government spending on Price Level and GDP. The government spreads around a bunch of money, increasing Aggregate Demand, or demand for all goods. This leads to a higher price level, incentivizing firms to produce more goods. Which increases GDP.
These are “Demand Side,” “Keynesian” economic ideas, used by FDR during the New Deal era. The opposite of the “Supply Side” or “Trickle Down” economics of the 80s and 2000s.
Theoretically we’re paying the price for future prosperity, now. Do you guys find this exciting?
How come?
it’s a time suck- opportunity cost too high
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Supply shocks are bad! Shortages that limit economic growth and cause inflation (stagflation) are what was happening in the Carter years. That’s the scary stuff!
what a perfectly Rational answer.
my social credit would take a serious hit otherwise 
I was 100% genuine. I wanted to know why you, and others disliked her so much. I absolutely didn’t intend to ask “why should I hate her”, because that would be silly. I like to try and understand why people believe what they believe. My thinking there is that I believe most of the most divisive issues in society at the minute are the ones in which the population is split roughly 50/50, and I refuse to believe that 50% of people are stupid/evil, especially when I know so many personally.
Woooaahhh there buddy. Let’s not get carried away.
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Yeah, my mysanthropy was screaming while I typed that. Maybe it should read “I refuse to believe those specific 50% who disagree with me on this one issue are all stupid”
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I feel it’s easier just to think virtually everyone else is stupid, even when they agree with you.
That’s not a bad thing, is it? 
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See what the others have said. I don’t care to do a deep dive on hillary. She ain’t worth my time. And what I think should have no bearing on whether or not you like her.
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50% of the people you know may be perfectly fine. But we all live in bubbles of people who actually like us, which is a type. Usually, not stupid. But there are an astounding amount of people who boggle the mind. Just look around, once and a while and you cannot miss it.