Yep him and Yellen are the Laurel and Hardy of finance

I know. We already have 12% or higher inflation under Biden and he's implying Trump would make it even worse? Summers is a hard core, far left Dem.

Yea except we still have a income tax 😂 so it's worst getting worser 💀

Exactly,.. No Larry,.. youpheckingPOS,.. senile ole joe's policies have been the biggest generator of inflation in 40 years,.. 9% reported,... 50% real permanent accumulated inflation since senile ole joe took office. shutting down the fossil fuel supply line sending oil and all energy prices to double what they were under Trump. senile ole joe's helicoptering checks, after the pandemic was over, when it wasn't necessary, we weren't in a recession, the economy was already growing and we weren't in a WW,... to businesses and consumers and college students,.. and worst of all,.. to millions of poor uneducated unskilled homeless illegal aliens pouring across the border,.. hopping on tax payers' backs in hotel rooms, bankrupting the welfare system, the education system, the healthcare system,... with $2 to $3 trillion deficits each year causing the debt and the interest on the debt to spiral out of control to the point the interest will over come the entire budget in a few years,.. all with no obligation to pay tax payers' back,.. all to buy demcorat votes. Demcorats have and are destroying the country just to try to cement the DNC in permanent control.

@@fee_ic4981 Biden has proposed tax increases not only on corporations but also the middle class. Summers for got to mention that.

What do you think sets AMS apart from other projects? It seems to be dominating discussions lately

It will soon all over the news

Coinbase, OKX and Binance will list AMS very soon. We do not have much time left

Just read news about AMS this morning. Presale is open right now

Much better than all those shits altcoin with no utilities

Answer the question & get cancelled.

Because most foreigners are clueless but psyched to be here

What medicine is he on?

Summers is just another deranged Trump-hating talking head. Reining in out of control government spending is inflationary lol.

The price of energy for the consumer rises if subsidies are pulled back. It is stimulatory (running deficit spending) but that effect is offset by the direct reduction in energy costs.

Exactly,... that unreliable inefficientcrap is part of why energy prices have doubled since senile ole joe took office, NoLarry,.. youpheckingPOS,.. senile ole joe's policies have been the biggest generator of inflation in 40 years,.. 9% reported,... 50% real permanent accumulated inflation since senile ole joe took office. shutting down the fossil fuel supply line sending oil and all energy prices to double what they were under Trump. senile ole joe's helicoptering checks, after the pandemic was over, when it wasn't necessary, we weren't in a recession, the economy was already growing and we weren't in a WW,... to businesses and consumers and college students,.. and worst of all,.. to millions of poor uneducated unskilled homeless illegal aliens pouring across the border,.. hopping on tax payers' backs in hotel rooms, bankrupting the welfare system, the education system, the healthcare system,... with $2 to $3 trillion deficits each year causing the debt and the interest on the debt to spiral out of control to the point the interest will over come the entire budget in a few years,.. all with no obligation to pay tax payers' back,.. all to buy demcorat votes. Demcorats have and are destroying the country just to try to cement the DNC in permanent control.

Subsidies do not increase inflation unless you print money to fund it. They do increase the inefficiencies of the market by putting money into bad energy policies.

@@Reathety That's not necessarily true. The deficit spending aspect (money printing) can be offset by the deflationary aspect of some spending. For example if the Gov spent money and built AI that put lots of workers out of jobs (increase in productivity) then it would offset the stimulatory effect of deficit spending. I would argue the energy subsidies that get consumers to build infrastructure (solar/wind) that directly reduces their long term energy bill is deflationary. There is essentially an increase in supply of energy and competition at the same time along with a diversification away from commodities that are inflating.

The fed's have removed all of the stimulus money from the economy by letting maturing treasuries expire. You never want inflation to go down too much as you risk a recession or even a depression.

That would require some working together and a major push that isn't happening right now. Very few are calling for a VAT.

And limiting green energy subsidies will raise energy costs? Really? Left wing nonsense of the highest order. I guess in the Liberal hivemind, subsidy money is free.

There are economic consequences for doing that, would you care to ignore that or just pretend it’s not going to happen?

Exactly. Summers favors open borders so cheap labor floods into USA and puts Americans out of work.

No, Larry.. youpheckingPOS,.. senile ole joe's policies have been the biggest generator of inflation in 40 years,.. 9% reported,... 50% real permanent accumulated inflation since senile ole joe took office. shutting down the fossil fuel supply line sending oil and all energy prices to double what they were under Trump. senile ole joe's helicoptering checks, after the pandemic was over, when it wasn't necessary, we weren't in a recession, the economy was already growing and we weren't in a WW,... to businesses and consumers and college students,.. and worst of all,.. to millions of poor uneducated unskilled homeless illegal aliens pouring across the border,.. hopping on tax payers' backs in hotel rooms, bankrupting the welfare system, the education system, the healthcare system,... with $2 to $3 trillion deficits each year causing the debt and the interest on the debt to spiral out of control to the point the interest will over come the entire budget in a few years,.. all with no obligation to pay tax payers' back,.. all to buy demcorat votes. Demcorats have and are destroying the country just to try to cement the DNC in permanent control.

@@bernardwylie9760 it's a risk worth taking as opposed to unfettered immigration. Make everybody do it legally.

Inflation reduction act was passed, inflation dropped, there you go.

It may take years or even a decade but some day America is going to pay dearly for stealing everybody's money. When Germany returned their national gold reserves back to Germany, the UK and America gave them back different gold. The serial numbers were different. When other countries found out about this they all started repatriating their own gold too.

Summer's wife should let him back into the house at least so he can shower and shave.

I'd say attacking Ukraine,.. is worse than theft. This is one thing they got right. But no Larry,.. youpheckingPOS,.. senile ole joe's policies have been the biggest generator of inflation in 40 years,.. 9% reported,... 50% real permanent accumulated inflation since senile ole joe took office. shutting down the fossil fuel supply line sending oil and all energy prices to double what they were under Trump. senile ole joe's helicoptering checks, after the pandemic was over, when it wasn't necessary, we weren't in a recession, the economy was already growing and we weren't in a WW,... to businesses and consumers and college students,.. and worst of all,.. to millions of poor uneducated unskilled homeless illegal aliens pouring across the border,.. hopping on tax payers' backs in hotel rooms, bankrupting the welfare system, the education system, the healthcare system,... with $2 to $3 trillion deficits each year causing the debt and the interest on the debt to spiral out of control to the point the interest will over come the entire budget in a few years,.. all with no obligation to pay tax payers' back,.. all to buy demcorat votes. Demcorats have and are destroying the country just to try to cement the DNC in permanent control.

I guess you didn't realize Trump also had a part in some of that major spending, especially at the end of his presidency for Covid. I also don't think you realize what he's saying about Trump doesn't discount or deny what Biden has done, and that adding tariffs would simply add to whatever inflation is already present

Lots of TDS on display.

Summers was one of the first people to call out the government spending back in the fall of 2020. You're wrong, he did call out biden for it

@@upstateNYfinest This is also true. Summers is the reason why the stimulus package in 2008 wasn't bigger - he is a fiscal conservative and totally called out Biden

What everyone else said, and the stimulus money has already been pulled back out of the economy. That's done by letting treasuries expire and not renew. The spending for infrastructure and improved electrical grid in rural communities is far better than the massive tax reduction given to corporations and the exceptionally wealthy. Those corporate reductions are still adding to the inflationary pressures. At least Biden's improvements will benefit many lower and middle class workers and families.

All subsidies by definition are inflationary. Yes you might get a lower cost for a solar panel because of the subsidies, but the subsidies themselves are a cost that we almost pay. Nothing is for free. And everything that the government spends, we have to pay for it either through taxation, borrowing or inflation.

What he was saying is that not continuing to push for more renewables is inflationary. The more renewables power the electrical grids the less demand you will have on fossil fuel supplies. Payback for California's renewable investment is about a 7.6 years with an additional lifespan of 20 years beyond the payback period. And material prices are dropping more than 10% per year. If you know someone who's good mechanically, wind turbine technicians are averaging 60K salaries.

@@peterponcedeleon3368 Many industries have subsidies. In 2022 the fossil fuel subsidies amounted to 7.1 Trillion dollars.

@@peterponcedeleon3368 A subsidy is inflationary in that it is stimulatory, but if the stimulatory effect is well offset by the direct reduction in consumer price then it is deflationary. I'm not saying running 120% debt to GDP is a good idea and that we won't have to pay the piper, but infrastructure investment that directly lowers costs right away for long term offsets the inflationary effect. They are basically matching dollars for consumers to spend on infrastructure. If the gov just wrote checks then yes that is highly inflationary or if the subsidies cause a shortage of materials (you could argue copper) then it is inflationary. I was incentivized to put in solar. I increased the supply of energy which lowers energy costs (or causes them not to rise as fast since we won't be producing enough energy soon).

@@sd70cal subsidies should basically be ended. Subsidies are welfare and welfare creates and entitlement mentality, and it creates the expectation that the subsidy will always be there.

No Larry,.. youpheckingPOS,.. senile ole joe's policies have been the biggest generator of inflation in 40 years,.. 9% reported,... 50% real permanent accumulated inflation since senile ole joe took office. shutting down the fossil fuel supply line sending oil and all energy prices to double what they were under Trump. senile ole joe's helicoptering checks, after the pandemic was over, when it wasn't necessary, we weren't in a recession, the economy was already growing and we weren't in a WW,... to businesses and consumers and college students,.. and worst of all,.. to millions of poor uneducated unskilled homeless illegal aliens pouring across the border,.. hopping on tax payers' backs in hotel rooms, bankrupting the welfare system, the education system, the healthcare system,... with $2 to $3 trillion deficits each year causing the debt and the interest on the debt to spiral out of control to the point the interest will over come the entire budget in a few years,.. all with no obligation to pay tax payers' back,.. all to buy demcorat votes. Demcorats have and are destroying the country just to try to cement the DNC in permanent control.

Because he was one of the few economists appointed by a democrat (Clinton as treasury secretary) that said the Biden spending bills would be inflationary and that inflation wasn't transitory. The Paul Krugman's of the world said inflation was transitory and we can spend spend spend with no concerns. He's been right when it wasn't popular.

Good Ol’ Larry came into government with Reagan. He has been the Presidential Economic Advisor to every President (leaving Bush 2 in June 2008, last finance rat to leave before crash, came back into Gov’t with Obama 2nd term). He could care less about which political machine bends over for private finance. He’s 100% private finance that globalized and broke free of our government to recreate the U.S. as the largest liquidated nation in the world. That’s our purpose, to be liquidated through fraudulent debt to the maximum, for global liquidity. They don’t care about 265,000,000 U.S. citizens at all, not even a little. They just want to increase debt, that’s all money and finance is in the 21st Century.

Exactly. NoLarry,.. youpheckingPOS,.. senile ole joe's policies have been the biggest generator of inflation in 40 years,.. 9% reported,... 50% real permanent accumulated inflation since senile ole joe took office. shutting down the fossil fuel supply line sending oil and all energy prices to double what they were under Trump. senile ole joe's helicoptering checks, after the pandemic was over, when it wasn't necessary, we weren't in a recession, the economy was already growing and we weren't in a WW,... to businesses and consumers and college students,.. and worst of all,.. to millions of poor uneducated unskilled homeless illegal aliens pouring across the border,.. hopping on tax payers' backs in hotel rooms, bankrupting the welfare system, the education system, the healthcare system,... with $2 to $3 trillion deficits each year causing the debt and the interest on the debt to spiral out of control to the point the interest will over come the entire budget in a few years,.. all with no obligation to pay tax payers' back,.. all to buy demcorat votes. Demcorats have and are destroying the country just to try to cement the DNC in permanent control.

Those are the major beneficiaries: they'll get better jobs.

"I know better than the economists", typical American mentality. You don't know anything about anything, in actual reality.

Or - those keeping their money in a good place to invest will not look to invade their neighbors.

Crazy talk. Nobody is confiscating anything.

That was Paul Krugman.

That isn't what the data says. Fossil fuels cost will keep increasing while renewable costs have been coming down year after year by large percentage points. And the more our energy needs are fulfilled with renewables the more the supply of fossil fuels will be available for other uses. That makes them even more deflationary.

Yep. No, Larry,.. youpheckingPOS,.. senile ole joe's policies have been the biggest generator of inflation in 40 years,.. 9% reported,... 50% real permanent accumulated inflation since senile ole joe took office. shutting down the fossil fuel supply line sending oil and all energy prices to double what they were under Trump. senile ole joe's helicoptering checks, after the pandemic was over, when it wasn't necessary, we weren't in a recession, the economy was already growing and we weren't in a WW,... to businesses and consumers and college students,.. and worst of all,.. to millions of poor uneducated unskilled homeless illegal aliens pouring across the border,.. hopping on tax payers' backs in hotel rooms, bankrupting the welfare system, the education system, the healthcare system,... with $2 to $3 trillion deficits each year causing the debt and the interest on the debt to spiral out of control to the point the interest will over come the entire budget in a few years,.. all with no obligation to pay tax payers' back,.. all to buy demcorat votes. Demcorats have and are destroying the country just to try to cement the DNC in permanent control.

Solar power is now cheaper by far than coal and natural gas for electricity generation.

Biden: DEI clown par excellence. His whole admin., they're all clowns and traitors.

They are all the same.

Tariffs get paid by consumers

As a percentage of non-discretionary income, tariffs will put a larger burden of the taxation on the lower and middle class of Americans. Those with excess earnings will have more to invest and spend overseas without the tariffs. We should shift income tax back to where it was before the large corporate and high wage earner tax reductions became the norm.

Lag effects, also he didnt do to the extend debated now

He inherited a great economy from Obama and then the worldwide economy went into a tailspin with the pandemic. Gas prices were low because suppliers were paying people to take their inventory because they ran out of room to store it. Almost anyone could have done what Trump did. Actually they most likely would have done better. If he had united the country during the pandemic he would have been reelected, but he couldn't even do that.

Exactly. No Larry,.. youpheckingPOS,.. senile ole joe's policies have been the biggest generator of inflation in 40 years,.. 9% reported,... 50% real permanent accumulated inflation since senile ole joe took office. shutting down the fossil fuel supply line sending oil and all energy prices to double what they were under Trump. senile ole joe's helicoptering checks, after the pandemic was over, when it wasn't necessary, we weren't in a recession, the economy was already growing and we weren't in a WW,... to businesses and consumers and college students,.. and worst of all,.. to millions of poor uneducated unskilled homeless illegal aliens pouring across the border,.. hopping on tax payers' backs in hotel rooms, bankrupting the welfare system, the education system, the healthcare system,... with $2 to $3 trillion deficits each year causing the debt and the interest on the debt to spiral out of control to the point the interest will over come the entire budget in a few years,.. all with no obligation to pay tax payers' back,.. all to buy demcorat votes. Demcorats have and are destroying the country just to try to cement the DNC in permanent control.

@@sumitomoO0O It wasn't lag effects. It was senile ole joe effects senile ole joe's policies have been the biggest generator of inflation in 40 years,.. 9% reported,... 50% real permanent accumulated inflation since senile ole joe took office. shutting down the fossil fuel supply line sending oil and all energy prices to double what they were under Trump. senile ole joe's helicoptering checks, after the pandemic was over, when it wasn't necessary, we weren't in a recession, the economy was already growing and we weren't in a WW,... to businesses and consumers and college students,.. and worst of all,.. to millions of poor uneducated unskilled homeless illegal aliens pouring across the border,.. hopping on tax payers' backs in hotel rooms, bankrupting the welfare system, the education system, the healthcare system,... with $2 to $3 trillion deficits each year causing the debt and the interest on the debt to spiral out of control to the point the interest will over come the entire budget in a few years,.. all with no obligation to pay tax payers' back,.. all to buy demcorat votes. Demcorats have and are destroying the country just to try to cement the DNC in permanent control.

Oh and that means you have some answers? LOL

They're choking on their lies.

That might keep them from invading Taiwan!

@@sd70cal US has more assets in China than China's assets in US's control.

There's a price to be paid for attacking your neighbor for no reason.

@@jcgoogle1808 The price that China is willing to pay is almost unlimited if you know the history of Korean war, which was a war for helping its neighbor to fight against the greatest power of the world at that time. So now how much price you think US is willing to pay to keep Taiwan.

@@benyu8704 The US wasn't in it to win it. The price that north korea paid was to be a poor nation compared to most 3rd world nations, let alone first world free market South Korea. Have you seen satellite images of the Korean peninsula at night? North Korea is dark while South is lit up like a christmas tree. North Korea's GDP is about $21 billion, while South Korea's is $1.7 trillion Who won? And china isn't willing to risk anything. Its economy is already in shambles. The housing market is nothing but half built ghost cities, China would return to the 3rd worldsheethole it was until the US helped turn them into a a semi free market economy,... if it alienates its markets in the west. Russia with a GDP of about $2 trillion isn't a big enough economy for china to depend on for a market. Speaking of history, historyboy,.. Where was china inWW2? Getting its ash pummeled by Japan until the US stepped in. You don't want to poke the sleeping bear,.. even with incompetent senile ole joe as pretendident.

Government and Economic instability is one of the worse things you can do to our economy. Most of the world is invested with us because of our stable government and economy.

@@sd70cal This government isn't stable. We had a far better economic conditions for citizens under Trump. This senile ole joe demcorat economy is propped up with % of GDP spending to get 1 to 2% GDP growth, Deficits are at unprecedented levels (when the economy was already growing at 6% with inflation under 2%), the debt is spiraling out of control, the dollar is being destroyed, the rest of the world is looking for another reserve currency,,.. 3 regional wars,.. because of senile ole joe's incompetent withdrawal from Afghanistan. The border is wide open,.. and it ain't for labor, these 10+/- uneducated, unskilled, workers have largely hopped on the welfare state,.. we had no problem with workers and picking crops when Trump was in office We HAVE government and economic and geopolitical instability. Wake up.

And you know better, because?

Except his comments today are spot on

YOU MEANT take TRUMP words with a hefty does of salt...

He clearly supports free Fiscal supply to Ukraine

I reckon 10% interest at min. Free taxes at the war zone

spammer

The inflation right now comes from policies from the previous administration and the pandemic, because it takes time for policies to take effect on the economy. And inflation started from early 2021 when Fed thought it was transitory and acted too late. If you think the inflation that started just 3 months after Biden took office actually came from his policies, then you are just delusional.

The best thing for the US people is a second term for Trump. This will remediate the mindset of all the believers quickly, as most of the poor and lower class people and probably half of the middle class will perish during it.

Inflation has gone down since the inflation act was passed. Check for yourself!

are you complaining really ? Get ready friend for a disaster with Trump's economic plan, he's lost. We need Reagan style, not Trump.

Not for shelter CPI. Same with Canada. Very sticky