Uhhh....yeah. They have. — ssu
And I fear that the politicians can and will choose inflation than higher interest rates. — ssu
stimulus packages etc. […] got the inflation finally going. — ssu
does create higher demand, which then creates higher prices. — ssu
I don't think so. What this will do is burst the bubbles created by the Fed -- stocks, bonds, and real estate. We're seeing that already.
— Xtrix
How the markets react to the monetary policy of the Fed is a result of monetary policy. Markets going down is a consequence, not the other way around. — ssu
Of course the real issue is political. And I fear that the politicians can and will choose inflation than higher interest rates. And blame everybody else: the war in Ukraine, the pandemic, climate change, foreigners, hoarders... you name it!!! — ssu
So, if this principle is right, then supply chain issues would be the proximate cause of inflation, and it seems likely that if supply cannot meet demand, inflation (perhaps not as significant) would still have resulted even if extra money had not been injected, — Janus
But I'm not willing to absolve governments just because an alternative theory exists, while they continue to break economy 101. — Tzeentch
Is it more complicated than that? Undoubtedly. — Tzeentch
the cause is obvious. — Tzeentch
Though I would abolish those who claim such rights. — NOS4A2
It's monetary policy of printing billions of dollars causes inflation.
It adopts this monetary policy to accomodate a general fiscal policy of spending too much.
I don't know why you would be asking me for the specifics of that fiscal policy, since it's completely besides the point and you've yet to acknowledge the elephant I just described. — Tzeentch
Care to elaborate?
— Xtrix
I'm not going to play this game where you ask for details while ignoring the elephant in the room. — Tzeentch
fiscal policy and monetary policy are connected, and intimately so — Tzeentch
How did the United States finance decades of endless war and military projects such as the $800 billion you referred to?
Why, by printing money, of course. — Tzeentch
What "fiscal policy" are you referring to, exactly?
And who is "everyone"? Everyone predicted this for "decades"? Since when, the 80s? — Xtrix
Everyone knew it was coming, and everyone knows it's failed government fiscal policy at the root of it. — Tzeentch
Milton Friedman's theories are now obsolete. [...] Too simple, and assumes rational actors and efficient markets -- neither of which we have.
— Xtrix
Indeed, we have markets that are to a great degree controlled by governments, which turn them neither rational nor efficient. — Tzeentch
Likely they use the same line of argument as you do, arguing that theories that put the blame on government are "now obsolete and things are more complicated". Please. — Tzeentch
Inflation is nothing other than an increase in the total amount of currency, thereby reducing the value of each individual unit of currency.
— Tzeentch
Milton Friedman's theories are now obsolete. — Xtrix
Right, you're asking for systemic change then, because companies are no social organisations but specifically set up to make profit. — ChatteringMonkey
In the current set-up one would expect corporations to try and keep their profit margin, right? I mean, I certainly would be surprised if corporations all of a sudden would collectively and voluntarily decide to absorb the cost themselves. — ChatteringMonkey
And I will say, I doubt all corporations could absorb the increase in cost all by themselves. Some, the bigger ones probably could, other ones I'm not so sure. — ChatteringMonkey
I think you have in the options many important issues as options lacking in the OP. — ssu
Higher interest rates isn't quantitative tightening, Quantitative easing was double talk for money printing. — ssu
And the way to handle this, would be higher interest rates. The Paul Volcker response. — ssu
Energy crisis, making basically everything more expensive globally as it is at the base of the entire economy. — ChatteringMonkey
Inflation is nothing other than an increase in the total amount of currency, thereby reducing the value of each individual unit of currency. — Tzeentch
When there is out-of-control inflation, it is because central banks are printing too much money. — Tzeentch
Because it's an easy, short-term way for governments to get more money to spend on all its hobby projects, and it makes the public carry the cost (inflation is literally a hidden tax). — Tzeentch
Besides this, the public needs to understand that there is no such thing as free money, and they need to stop demanding it from their governments through the voting process, because this is part of what incentivizes governments to make unaffordable, unrealistic promises that can only be fulfilled through printing money. — Tzeentch
QE is definitely a contributor, we've had years of asset inflation already — Benkei
Most of it is caused by state intervention. — NOS4A2
So, arguably, the Ukraine conflict is a logical, and entirely predictable, consequence of US-NATO expansion and meddling in other nations’ affairs. — Apollodorus
views shouldn’t be uncritically dismissed on a philosophy forum. — Apollodorus
Fact is, Russia’s demands were absolutely clear and IMO legitimate: — Apollodorus
There is no bloody way our discussion about being human is narrow — Athena
The problem as I see it is that no single trait humans have a potential for are manifested in all of us — Agent Smith
Why is a DNA-based definition too broad? For reasons already mentioned by other posters.
Why is mathematical-ability-based definition too narrow? Clearly this is an interesting question as far as I'm concerned. — Agent Smith
1. There are humans who do not use language. Hence the definition leaves out some who should be included. — Banno
2. There are language behaviours in non-humans. Hence the definition includes animals that are not human. — Banno
So I'm not doubting that "what is a human being" is an important question, but the suggestion that it be answered by stipulation, by setting out an essence. — Banno
Perhaps we might agree that any categorisation of what it is to be human will fail? — Banno
language
— Xtrix
awareness
— Xtrix
all pretend to be discoveries, as if being human had to be this way, and no other, but when you look closer each is an imposition. — Banno
Each will rule someone in as human and someone else out - the physically disabled, the genetically divergent (non Aryan...), the non-verbal, the unconscious; and in ruling out some folk who we would otherwise call human, each fails. — Banno
the process of defining what it is to be human is ethical and political. — Banno
I think Heidegger is referring to being in a particular situation. — Jackson
What is openness or a clearing? Potential? — Tom Storm
But let's not pretend you don't already know that. You're just looking for a way to wriggle out of having to deal with any moral judgement of NATO because that leaves you without the social support of the zeitgeist. — Isaac
I was reading an unrelated news piece today and underneath it was a comment claiming you could be imprisoned in Britain for denying that a woman can have testicles (!). More of the scary totalitarian narrative. The government may try to kill you, so you need a gun, and they will imprison you for speaking 'common sense', so you need to fight political correctness. — Baden
"Carbon dioxide is at levels our species has never experienced before—this is not new," said Pieter Tans, senior scientist with the Global Monitoring Laboratory - a research organization for international climate scientists providing data for policymakers attempting to address the causes and impacts of climate change. "We have known about this for half a century, and have failed to do anything meaningful about it. What's it going to take for us to wake up?"
