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Congratulations to our presumptive Democratic nominee, Joe Biden!
Democratic Primaries
In reply to the discussion: How are you going to pay for it Bernie? [View all]TexasTowelie
(112,207 posts)85. Well, at least you conceded that there is inflation.
This guy explains the post war inflation much better than me. Note: when he says no inflation hes referring to inflation over the historic 1.5 - 2% inflation
There are many reasons that can explain why inflation occurs. Some that I can think of off the top of my head:
1) The law of supply and demand. Goods that are not as readily available become more expensive.
2) Monopolies (or quasi-monopolies). The suppliers of goods with only a few providers can command higher prices. In a sense, this is a subset within the law of supply and demand.
3) Legal protections such as patent rights. In a sense, this is a subset of the monopolies and quasi-monopolies.
4) Decreased value of currency--whether through devaluation or through printing more money. (e.g., post World War I Germany, Argentina, Zimbabwe, Venezuela). Prices for foreign products have to increase in local currency so that when that currency is exchanged to the currency used by the business it was does not result in a loss.
No matter what the causes of inflation are though, the people who suffer the most from inflation (even 1.5% or 2%) are the people that are unemployed, on fixed incomes, or that are not able to demand salary increases. Printing money without considering the potential effects is not sound economic policy.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
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No it would not. It would provide some revenue at least in short-run, but not enough to cover all
Hoyt
Feb 2019
#10
Excluding Healthcare, counted $459.2 Billion in savings on other proposals, not even half deficit.
Hoyt
Feb 2019
#23
Bernie plays a role - and it isn't winning, its expanding the Overton Window
EndGOPPropaganda
Feb 2019
#7
He has a plan to raise $27,000,000 from each of the 50 states but his role doesn't include winning?
MrsCoffee
Feb 2019
#25
I wistfully recall when it was "millionaires AND billionaires" who were going to pay for everything.
CrossingTheRubicon
Mar 2019
#81
Except it's not anywhere close to providing the money we need to balance the annual budget, much
Hoyt
Feb 2019
#13
I know for a fact Vermont, Colorado and California abandoned single payer because they did not
Hoyt
Feb 2019
#21
Insurance companies make about 6% of premiums. Add in advertising and sales costs you are looking
Hoyt
Feb 2019
#38
Your own article quotes experts saying it will cost more than that, and here is a former Clinton
Hoyt
Feb 2019
#68
Sorry, Clinton's guy says 36 Trillion. And then, is Sanders one of those that thinks younger people
Hoyt
Feb 2019
#72
Who gives a shit. Print the money. The same thing we do for wars and tax cuts and bank bailouts.
Hassin Bin Sober
Feb 2019
#24
Brilliant. Ever tried living on a fixed income during inflationary period? Exactly, why I'm not a
Hoyt
Feb 2019
#26
Those numbers are a function of the fact that we don't just "print the money".
lapucelle
Feb 2019
#33
If printing money caused inflation it would be through the roof right now. It's not.
Hassin Bin Sober
Feb 2019
#55
You may notice your medical bills increasing but you don't understand why.
Hassin Bin Sober
Mar 2019
#74
We printed money after Vietnam. Inflation was over 10%. It cost Carter reelection and
Hoyt
Feb 2019
#41
We'd have to print a lot more Bin Sober because the Debt keeps increasing, that will cause
Hoyt
Feb 2019
#69
BS-"I know a lot of people talk about this blue wave and all that stuff -- I don't believe it,"
Cha
Feb 2019
#48
IF he were the candidate and did win..even if we have the house and the senate the kinds of
Thekaspervote
Feb 2019
#56
I listened to much of his speech and asked the same question! How's he going to pay for it?
Firestorm49
Mar 2019
#76
He's good at slogans, but not so good at concrete policy. Other candidates can handle both
emulatorloo
Mar 2019
#79
I guess the U.S. is just too poor of a country to provide health care to its citizens.
Mr. Smith
Mar 2019
#82