On 2022-05-20, xyzzy <
xyzzy.dude@gmail.com> wrote:
Con Reeder, unhyphenated American <constance@duxmail.com> wrote:
On 2022-05-19, xyzzy <xyzzy.dude@gmail.com> wrote:
Clearly Joe Biden’s fault
The fault of the lockdown cabal, really. Along with the people who
voted to throw money at the problems caused by the lockdown. So much
for listening to the "experts".
We now know that overreaction to a public health problem can be as
dangerous as the problem itself.
MVP of inflation: America's blue-state and blue-city teachers and
their unions, who were the number one lockdown cheerleaders. They took
more pay and pension for less work than anyone, all the while stunting
the growth of several cohorts of students. As usual, the succubus that
is union teaching hit the poor people of color the hardest. And they
never missed a paycheck. In fact, some of them demanded hazard pay.
Sweden, a country whose Covid response a lot of you guys praised, had the highest inflation rate since 1991 last month.
Inflation is a worldwide phenomenon, which is why I pointed not to one
country but to the lockdown concept itself. It distorted and interrupted supply, which is why inflation is so bad. We not only have the demand-side impetus of the ARP and its ilk, we have the supply-side problems of the disruption of fossil fuel production and supply chains.
Our economy is interlocked with others. The largest part of the world's economies, the U.S. and China, can easily knock the rest of the world for
a loop. Sure, Sri Lanka did a massive own-goal with its idiotic mandate
of organic farming, but it wouldn't have been so devastating without the
huge disruptions in the rest of the world.
We have inflation in Florida too, because it is a global economy. But the general economy was not nearly as disrupted as it was in the rest of the nation. We had about zero restaurants go out of business in Cocoa Beach
and its surrounds. In Champaign, there were a dozen or more that disappeared.
Government is great at subsidizing demand while restricting supply,
which is why the parts of our economy which have the poorest
productivity growth and highest increases in costs -- K-12 education,
health care, and higher education -- are the sectors with the most
government involvement and which have either a government monopoly or
a government-enforced cartel which determines who can enter the
business. And the places where there is rent control have by far the
poorest availability of affordable housing.
--
Lucky people are skilled at creating & noticing chance opportunities, make lucky decisions by listening to their intuition, create self-fulfilling prophesies via positive expectations, & adopt a resilient attitude that transforms bad luck into good.
-- Richard Wiseman
--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)