Economics Thread

[nsacpi]

https://gregmankiw.blogspot.com/2022...ation.html?m=1

The Inflation Impact of the Inflation Reduction Act

According to CBO:

In calendar year 2022, enacting the bill would have a negligible effect on inflation, in CBO’s assessment. In calendar year 2023, inflation would probably be between 0.1 percentage point lower and 0.1 percentage point higher under the bill than it would be under current law.

Greg is right to point out the silliness of the name given that the provisions of the bill are only tangentially about inflation.

Btw I'll be using his textbook in the fall. Macroeconomics Eleventh Edition. Out of curiosity I checked out the definition of recession in the glossary. This is what I found:

Recession: A sustained period of falling income.

Short and not bad as a definition goes.

It should be kept in mind, however, that Greg is an academic and expert. A possible future Nobelist imo. Which would put him squarely in the elite academic and expert sphere.

[Tapate50]

https://gregmankiw.blogspot.com/2022...ation.html?m=1

The Inflation Impact of the Inflation Reduction Act

According to CBO:

In calendar year 2022, enacting the bill would have a negligible effect on inflation, in CBO’s assessment. In calendar year 2023, inflation would probably be between 0.1 percentage point lower and 0.1 percentage point higher under the bill than it would be under current law.

They think their voters and legislators are retarded.

And not many are proving them wrong as of now

[sturg33]

They think their voters and legislators are retarded.

And not many are proving them wrong as of now

What does it tell you when Nancy Pelosi announces to the world that a glass of water with a D on it would win in hers or AOCs district.

The outright mockery of their own voters is pretty impressive tbh

[sturg33]

15 years ago... Before the housing collapse

[Tapate50]

Completely inept

https://www.npr.org/2022/08/03/11149...china-vanadium

[Garmel]

Completely inept

https://www.npr.org/2022/08/03/11149...china-vanadium

That battery could come in handy during a power outage.

[acesfull86]

https://edition.cnn.com/2022/08/09/b...ice/index.html



(CNN)Ford on Thursday will once again begin taking orders for its popular F-150 Lightning electric pickup truck. But this time the base model of the pickup will cost about $7,000 more than before.

When the Lightning first went on sale, the Pro version -- the base model intended mostly as a simple work truck -- cost about $40,000. Now it will cost about $47,000. More expensive versions of the truck have similar price increases, up to $8,500 for highly equipped extended range models. The Lightning is currently eligible for the $7,500 federal EV tax credit.

[sturg33]

https://edition.cnn.com/2022/08/09/b...ice/index.html



(CNN)Ford on Thursday will once again begin taking orders for its popular F-150 Lightning electric pickup truck. But this time the base model of the pickup will cost about $7,000 more than before.

When the Lightning first went on sale, the Pro version -- the base model intended mostly as a simple work truck -- cost about $40,000. Now it will cost about $47,000. More expensive versions of the truck have similar price increases, up to $8,500 for highly equipped extended range models. The Lightning is currently eligible for the $7,500 federal EV tax credit.

amazing how that works...

[thethe]

amazing how that works...

And electric vehicles aren't even good for the environment when you take into account the mining and production.

[sturg33]

the seals are simply too stupid to understand. they are not salvageable at this point

suppress their votes

[mqt]

the seals are simply too stupid to understand. they are not salvageable at this point

suppress their votes

Sounds more like your target should be capitalism in this case.

[sturg33]

Sounds more like your target should be capitalism in this case.

Subsidiaries are the opposite of capitalism

But I wouldnt expect a seal to know that

[mqt]

Subsidiaries are the opposite of capitalism

But I wouldnt expect a seal to know that

It’s the capitalism part that makes the companies subsequently charge more. I actually agree the subsidies are useless, but I would place the blame on the system. The problem is that the people making the policies should keep that reality in mind too.

[sturg33]

It’s the capitalism part that makes the companies subsequently charge more. I actually agree the subsidies are useless, but I would place the blame on the system. The problem is that the people making the policies should keep that reality in mind too.

Again there is nothing capitalist about the government making life easier on companies to sell their products

It always raises costs because it's free sales.

Same in education.

Same in medicine

Why can't the left learn? A free market would make these entities compete to LOWER costs

[chop2chip]

Again there is nothing capitalist about the government making life easier on companies to sell their products

It always raises costs because it's free sales.

Same in education.

Same in medicine

Why can't the left learn? A free market would make these entities compete to LOWER costs

Especially in the EV market where there have been significant supply constraints. There was already plenty of demand to meet the current output of supply.

[acesfull86]

https://www.foxbusiness.com/business...0k-resigns.amp

Dan Price, the CEO of credit card processing company Gravity Payments, resigned on Wednesday.

Price made headlines in 2015 when he announced he was giving himself a drastic pay cut to help cover the cost of big raises for his employees.

Earlier this year, Seattle prosecutors charged Price with misdemeanor assault and reckless driving, according to The Seattle Times.

Prosecutors say Price tried to forcibly kiss a woman in his car then grabbed her throat when she refused him. He pleaded not guilty in May. The case remains ongoing.

…

His brother Lucas sued him in 2015, alleging that Dan Price was overpaying himself. A King County judge ruled that Dan had not violated Lucas’ rights as a minority shareholder.

Allegations that Price had abused ex-wife Kristie Colon also surfaced that year. A Bloomberg report recounted an October 2015 TEDx talk given by Colon during which she described being beaten and waterboarded by her ex, without naming Price.

——————

Shame!

[sturg33]

https://www.foxbusiness.com/business...0k-resigns.amp

Dan Price, the CEO of credit card processing company Gravity Payments, resigned on Wednesday.

Price made headlines in 2015 when he announced he was giving himself a drastic pay cut to help cover the cost of big raises for his employees.

Earlier this year, Seattle prosecutors charged Price with misdemeanor assault and reckless driving, according to The Seattle Times.

Prosecutors say Price tried to forcibly kiss a woman in his car then grabbed her throat when she refused him. He pleaded not guilty in May. The case remains ongoing.

…

His brother Lucas sued him in 2015, alleging that Dan Price was overpaying himself. A King County judge ruled that Dan had not violated Lucas’ rights as a minority shareholder.

Allegations that Price had abused ex-wife Kristie Colon also surfaced that year. A Bloomberg report recounted an October 2015 TEDx talk given by Colon during which she described being beaten and waterboarded by her ex, without naming Price.

——————

Shame!

People who publicly lecture others about how charitable they are all almost certainly.scumbags

[acesfull86]

I feel sorry for the woman (women?) he mistreated…and I feel sorry for all of us, since I assume his unemployment will give him more time to share his terrible economic ideas on Twitter.

[chop2chip]

https://www.foxbusiness.com/business...0k-resigns.amp

Dan Price, the CEO of credit card processing company Gravity Payments, resigned on Wednesday.

Price made headlines in 2015 when he announced he was giving himself a drastic pay cut to help cover the cost of big raises for his employees.

Earlier this year, Seattle prosecutors charged Price with misdemeanor assault and reckless driving, according to The Seattle Times.

Prosecutors say Price tried to forcibly kiss a woman in his car then grabbed her throat when she refused him. He pleaded not guilty in May. The case remains ongoing.

…

His brother Lucas sued him in 2015, alleging that Dan Price was overpaying himself. A King County judge ruled that Dan had not violated Lucas’ rights as a minority shareholder.

Allegations that Price had abused ex-wife Kristie Colon also surfaced that year. A Bloomberg report recounted an October 2015 TEDx talk given by Colon during which she described being beaten and waterboarded by her ex, without naming Price.

——————

Shame!

****ing L O L

This guy has virtue signaled from the top of Mount Piety for a decade.

[Tapate50]

the seals are simply too stupid to understand. they are not salvageable at this point

suppress their votes

There literally nothing this man touched that’s gotten better