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Post by borgr0 on Oct 30, 2024 16:44:22 GMT
I am referring to price controls
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Post by Ripley on Oct 30, 2024 16:52:17 GMT
I am referring to price controls Caps on pharmaceutical costs are price controls. I suppose it all depends on how sweeping the price controls are, and above all, don't forget that all presidents are constrained by the opposition party. If the Republicans keep control of the Senate and the Democrats can't improve their hold on the House, President Harris will be able to get very little done. |
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Post by borgr0 on Oct 30, 2024 16:59:24 GMT
It's a form of price control perhaps, but it's not as 'direct' as something like imposing food price controls for example, which is part of what she has proposed. She means well but I'm simply pointing out that the markets do not like these kinds of things, as regards the IRA anyway - things aren't perfect here in the USA as I'm sure you know and major economists have pointed out the flaws of the IRA too
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Post by Ripley on Oct 30, 2024 17:01:12 GMT
It's a form of price control perhaps, but it's not as 'direct' as something like imposing food price controls for example, which is part of what she has proposed. She means well but I'm simply pointing out that the markets do not like these kinds of things, as regards the IRA anyway - things aren't perfect here in the USA as I'm sure you know and major economists have pointed out the flaws of the IRA too You're in the US? Then you must have heard the latest economic news and the outlook is not bad. |
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Post by borgr0 on Oct 30, 2024 17:05:32 GMT
No, but there are lasting problems owing to the IRA, those problems will exacerbate significantly if she imposes larger price controls without a valid reason for doing so - WW is just such a reason, a reason I really hope we don't have to worry about
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Post by Baron von Lotsov on Oct 30, 2024 20:34:26 GMT
Nato is run by the US. It's to bully all countries into submitting to the will of the US. I mean people like Saddam Hussain wanted to go independent and that was not allowed. It's part of the post war order which looks like it is falling apart now. Trump and Harris are lunatics. Both propose disastrous economic policy which will destroy their nation. Trump and his tariffs is one way, and Harris and her price controls is the other way. It's all bad news over that way. They have lost their minds. Harris will continue to address price gouging so that pharmaceutical and other corporations have to limit the extent to which they rip off customers. Under the Inflation Reduction Act, the Biden/Harris administration were able to cap the rampant cost of insulin to $35 for millions of Americans, and the US economy is clipping along nicely, actually. "The US economy expanded at a robust pace in the third quarter as household purchases accelerated ahead of the election and the federal government ramped up defense spending. Consumer spending, which comprises the largest share of economic activity, advanced 3.7%, the most since early 2023. The acceleration was led by broad increases across goods, including autos, household furnishings and recreational items. The report card for the world’s largest economy illustrates solid momentum in domestic demand as the Fed began unwinding its tightest monetary policy program in decades. The numbers should keep the Fed on track to continue cutting interest rates in the coming quarters, including at their meeting next week. The figures are good news for Vice President Kamala Harris in the final days of the election campaign against former President Donald Trump. Compared with a year earlier, GDP rose 2.7% — holding above 2.5% for a sixth consecutive quarter. That’s “the longest stretch of such solid growth since 2006,” Bill Adams, chief economist at Comerica Bank, said in a note." (Bloomberg) - I thought I was reading your view until I realised it was Bloomburg. The thing is whenever price controls have been introduced in the past, the nation's economy falls off a cliff. It kills production and you end up not being able to get stuff. Actually going back to the 1950s when there was Deng and Mao who alternately decided economic policy, Mao went for price controls and Deng went for free market. Every time Deng got his way the economy rapidly picked up and then when price controls were introduced the opposite happened.
It's Marxist economics, but it does not surprise me. The US is becoming the new Soviet Union. Oh and Trump looks drunk when talking about his economic policy. Like UK elections, neither is a good choice.That country has lost its way much like the UK has. We need radical reform and yet ironically Reform stand for more of the same (follow the US).
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Post by Vinny on Oct 30, 2024 22:22:10 GMT
Long live NATO long live democracy.
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Post by Ripley on Oct 30, 2024 23:17:07 GMT
Harris will continue to address price gouging so that pharmaceutical and other corporations have to limit the extent to which they rip off customers. Under the Inflation Reduction Act, the Biden/Harris administration were able to cap the rampant cost of insulin to $35 for millions of Americans, and the US economy is clipping along nicely, actually. "The US economy expanded at a robust pace in the third quarter as household purchases accelerated ahead of the election and the federal government ramped up defense spending. Consumer spending, which comprises the largest share of economic activity, advanced 3.7%, the most since early 2023. The acceleration was led by broad increases across goods, including autos, household furnishings and recreational items. The report card for the world’s largest economy illustrates solid momentum in domestic demand as the Fed began unwinding its tightest monetary policy program in decades. The numbers should keep the Fed on track to continue cutting interest rates in the coming quarters, including at their meeting next week. The figures are good news for Vice President Kamala Harris in the final days of the election campaign against former President Donald Trump. Compared with a year earlier, GDP rose 2.7% — holding above 2.5% for a sixth consecutive quarter. That’s “the longest stretch of such solid growth since 2006,” Bill Adams, chief economist at Comerica Bank, said in a note." (Bloomberg) -
I thought I was reading your view until I realised it was Bloomburg. The thing is whenever price controls have been introduced in the past, the nation's economy falls off a cliff. It kills production and you end up not being able to get stuff. Actually going back to the 1950s when there was Deng and Mao who alternately decided economic policy, Mao went for price controls and Deng went for free market. Every time Deng got his way the economy rapidly picked up and then when price controls were introduced the opposite happened.
It's Marxist economics, but it does not surprise me. The US is becoming the new Soviet Union. Oh and Trump looks drunk when talking about his economic policy. Like UK elections, neither is a good choice.That country has lost its way much like the UK has. We need radical reform and yet ironically Reform stand for more of the same (follow the US).
As in all cases, it will depend on the scope of the price controls. For now, the US is not seeing any harm from price controls to its economy, which is clipping along very nicely. As far as Trump looking drunk, he doesn't drink. He just can't talk about his economic policy coherently because he doesn't yet have a coherent policy. |
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Post by Baron von Lotsov on Oct 31, 2024 3:19:24 GMT
I thought I was reading your view until I realised it was Bloomburg. The thing is whenever price controls have been introduced in the past, the nation's economy falls off a cliff. It kills production and you end up not being able to get stuff. Actually going back to the 1950s when there was Deng and Mao who alternately decided economic policy, Mao went for price controls and Deng went for free market. Every time Deng got his way the economy rapidly picked up and then when price controls were introduced the opposite happened.
It's Marxist economics, but it does not surprise me. The US is becoming the new Soviet Union. Oh and Trump looks drunk when talking about his economic policy. Like UK elections, neither is a good choice.That country has lost its way much like the UK has. We need radical reform and yet ironically Reform stand for more of the same (follow the US).
As in all cases, it will depend on the scope of the price controls. For now, the US is not seeing any harm from price controls to its economy, which is clipping along very nicely. As far as Trump looking drunk, he doesn't drink. He just can't talk about his economic policy coherently because he doesn't yet have a coherent policy. It is not doing nicely. They have borrowed loads of money so it looks nice. It's like taking a bank loan out and claiming you earnt it. |
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Post by Ripley on Oct 31, 2024 16:36:08 GMT
As in all cases, it will depend on the scope of the price controls. For now, the US is not seeing any harm from price controls to its economy, which is clipping along very nicely. As far as Trump looking drunk, he doesn't drink. He just can't talk about his economic policy coherently because he doesn't yet have a coherent policy. It is not doing nicely. They have borrowed loads of money so it looks nice. It's like taking a bank loan out and claiming you earnt it. Yes, the debt load is very high, but remarkably, they have managed to tame inflation without a recession. That is a very rare achievement. |
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Post by Baron von Lotsov on Oct 31, 2024 17:37:49 GMT
It is not doing nicely. They have borrowed loads of money so it looks nice. It's like taking a bank loan out and claiming you earnt it. Yes, the debt load is very high, but remarkably, they have managed to tame inflation without a recession. That is a very rare achievement. That's because it was inflation caused by the energy issue and sanctions. It's a step down in wealth, but having stepped down we now run along at the lower level. Economists expect it anyway for this reason. |
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Post by Vinny on Oct 31, 2024 18:50:39 GMT
No, inflation is caused by debt spiralling.
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Post by Dubdrifter on Nov 6, 2024 9:47:23 GMT
The real function of NATO. 1) For Europe to be controlled by the Pentagon and Zionism 2) Eastern expansionism NATO is awesome. I'm so glad we're protected by it. …. no you aren’t … you are endangered by it. The Nuclear Clock has never ticked closer to Midnight … and Goodbye Vienna. Jeez, wake up! 🤯 The biggest threat to the UK and EU is streaming over our BORDERS in their 1,000’s NOW …. and NATO has done nothing about it for over 30 years. Talk about Mainstream Media brain washing. Dear me … chronic lack of awareness going on here. |
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Post by Dubdrifter on Nov 6, 2024 10:10:04 GMT
Poland contributes the most %of GDP to nato. Yes, I’d happily let Poland run the show, because they, like all Eastern European nations know better than anyone else the terror and horror of being ruled by Moscow. Yes, we know the history … but if American Generals are paranoid about Putin expansionism … no place in Europe will be safe as the central strategic control for NATO … which is why it’s in America … and Europe and it’s Armies just poodle ‘compliance’. … and create a veneer they’re running European Defence instead of a U.S./Israeli offensive operation. P.S. Surely Hungary and President Viktor Orban would be a better TOKEN choice as Leader of NATO?. …. He has good ties with Russia … and a good PEACE STRATEGY … not that America under the Dems were interested in PEACE with Russia. NATO used to state “a secure Russia = a secure Europe” … but their Eastern expansionism Plan of the last 3 decades destroyed all that. … and EU deliberate broken border policies destroyed European security. …. and arguably crippled once thriving Economies as Globalism defunded us. Now their Arms Industries do that … as Green Agendas fly out the window. |
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Post by piglet on Nov 6, 2024 10:34:49 GMT
The ukrainians are fighting on the front line with guns, holding back the beast, and here, like throughout the west, all is undermined by the keyboard warriors from the east, borgo is a new one.
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