319
With democracy on the ballot, the mainstream press must change its ways
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 16 Sep 2023
319 points (95.2% liked)
politics
19145 readers
4637 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
Nothing any government can do will undo the high inflation of 2022. Deflation must be avoided, because while consumer prices would go back down, the main effect of long-term deflation is that everybody stops investing and starts saving. Why would I buy new tools now when I can wait for tomorrow and get them cheaper then? When the entire economy does that, it shrinks. Catastrophic for capitalism. Prices are what they are, they've stopped going up, can't realistically wish for more.
Furthermore to blame high inflation on the Biden administration shows a complete lack of journalistic integrity. Like blaming the '08 crisis on Obama. Both were worldwide events which, if the US weren't so god-damn self-centered, anyone could realize were just as bad or even worse in other developed countries. In 2022 most of the Eurozone was well above US inflation levels (without going too technical, the US Fed had more leeway to much more aggressively raise interest rates to reign in inflation, which it did successfully).
Now there is plenty of blame to be passed around for a lot of specific economic policy items that impact cost-of-living (wages, housing, student debt, etc.). Inflation isn't one of them.
Alright, you burned most of the money. In other terms, you defaulted on most of your debts to reset the economy.
No foreigner is willing to loan you any money any more. Global trade with the US collapses. Fertilizer, semiconductors, cars, fuel, etc. Domestic investment collapses as well, so does GDP, tax revenue, and therefore public services.
Historically, countries implementing these bright ideas ended up with a crisis so bad it brought on widespread famines and food/fuel rationing. 5c fuel is great and all except when you can only get one gallon a week.
Oh, and that "one million remaining" dollars? Guess who gets 99% of it? The army and the generals, that's who. What are you gonna do, not pay the guys with the guns?
The US economy is doing just fine, save for the wealth inequality. You don't need to "reset" anything, just redistribute that wealth. Maybe start implementing proper taxation of the ultra-rich and of big corporations, see where that leads you, no need to collapse the economy to get there.