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@walker 1723513220

On this Elon/Trump talk, Trump just said “we would have no inflation” if not for Biden. This is false.

I think it’s important to clarify that there *was* massive inflation during Trump’s administration.

From January 2017 to January 2021, the M2 money supply increased from ~$13.3 trillion to ~$19.4 trillion by January 2021.

That’s an INFLATION of ~$6.1 trillion, or ~45%.

There is a LAG between monetary inflation and general price increases throughout the economy, and price increases do not happen uniformly (look up the Cantillon Effect).

To clarify for the partisans out there: this is NOT an attempt to make excuses for Biden or to say that the monetary and fiscal policies under Biden are good; they are not good.

The point is that it is false to say “there was no inflation” under Trump.

Monetary inflation *is* inflation.

3325❤️96🤙38💯7💜4🚀4👍2

Yes. The belief that conservative parties are good economic managers is a lie. They are all playing Keynesian games.

The show must go on.

BrightSats · 87w

Also Musk keeps saying that reigning in gov spending will solve it. The problem is much deeper than that.

Existential Experimentalist · 87w

I think that alone should be enough to temporarily dismiss his honesty about Bitcoin.

tl;dr ➡️ study Austrian Economics with nostr:npub10qrssqjsydd38j8mv7h27dq0ynpns3djgu88mhr7cr2qcqrgyezspkxqj8 https://youtube.com/playlist?list=PLQVlIVuMPXLY08XgLUdnknB4B28WLmG-z&si=AR3GjqlQcgFEI6Re

Fernando Falci ⚡️ · 87w

Point taken. But expansion of M2 is not the same as inflation. It sure can lead to one, but a health economy expands M2 as it grows

Bitcoinopa · 87w

Of course the monetary inflation was high under Trump as well, but the combination with failed energy politic and overregulation speed up the consumer prices

TeslaLiberty · 87w

True but he Got played on the covid scam. He shut down the country and had to print. What in the M2 between 2017 and 2020 ?

Aintdatsumish · 87w

Only BTC fixes this…

💯 thanks for calling out BS.

VictorieeMan · 87w

In gold terms they did somehow manage to hold the dollar value pretty stable. But that's over since about 2020. https://image.nostr.build/82d520747da76ee4a6cb7496167fa19f82bff49e2f7e5174961da854f197f7d2.jpg

Brandon Tompkins · 87w

You're right, there are a few things to consider. It doesn't matter who becomes president of the United States, However in order to have "deflation" or reduce "inflation" one of the only key metrics that can have a major impact on "price" is energy costs. Reduce energy costs and the cost of livin...

You had me at Trump just said + false, but thanks for the explanation anyway.

Ben Weeks ⚡ · 87w

Yeah, seemed odd he's claiming he will stop it but didn't when he was in office. I didn't hear the full thing, just summary notes from: https://x.com/VigilantFox/status/1823219838367465643

Agreed. But had the leftist Governors not enslaved their populations over a virus merely 99.9% survive, things would have been a hellluva lot better as far as many states go. We in Michigan took MILLIONS to Indiana, Florida, etc; to get some freedom. I drove to Florida 5X’s during the Bullshit (b...

AlerionTerolian · 87w

Anyone with a rudimentary knowledge of monetary policy could have told you inflation was on the way as soon as politicians started talking about stimulus. Especially at a time when the global amount of goods being produced was falling due to the lockdown. Biden just doubled down on Trumps failed po...

Tyler Burns · 87w

Yup, doesn't matter who is in charge of the money printer. At this point, whoever it is will keep printing to keep the fiat system afloat.