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whicky1978 OP t1_j1kqz0l wrote

Reply to comment by SparrowTale in Feds meeting schedule 2023 by whicky1978

I have a feeling that omnibus spending bill is going to create more inflation.

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Mourinholib99 t1_j1lsmft wrote

why? its totally in line with other omnibus bills

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Mourinholib99 t1_j1lsoag wrote

also half of it is millitary and Ukraine which got 0.0 to do with inflation

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whicky1978 OP t1_j1m93zi wrote

That money is making lot of people rich.

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Mourinholib99 t1_j1m9hmu wrote

yeah sure i guess but in no means contributes to inflation

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KyivComrade t1_j1o1ewp wrote

People whos money is sent offshore to a tax paradise, whoem written off as a mysterious loss here. Money sent to be hoarded in a digital world by the ruling elite...they won capitalism.

Now of you happen to give some money to a normal citizen, one who actually works and produces something, it'll lead to inflation and thus is bad. Food, housing, everything has risen sky high...but me preserving 1/10th of my purchasing power is bad and "dangerous". Mr billionaire getting another few billions is good. 🤡

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Goosnavslakovic t1_j1nt4gt wrote

Money circulates. For example, SBF donated to the DNC, many politicians opted to send billions to Ukraine, Ukraine and its citizens made heavy use of crypto, and guess how much of that FTX was involved with? Saying that money is going to another country so therefore not a problem is extremely shortsighted behavior. That completely dismisses money velocity which allows the dollar to be devalued through its circulation which can easily make its way back to the US. Remember MV=PQ

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Mourinholib99 t1_j1nwd0b wrote

Okay thats just a bunch of nonsense… In no way if even a tiny amount of money really took this path it still had 0 influence on inflation

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whicky1978 OP t1_j1luarb wrote

Like which ones?

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Mourinholib99 t1_j1m75kr wrote

you know these happen like nearly every year right?

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whicky1978 OP t1_j1m7wq1 wrote

Not worth $1.7 trillion

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Mourinholib99 t1_j1nwlzl wrote

2021 omnibus 2.3 Trillion 2022 1.5 Trillion this one 1.7 trillion 2020

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whicky1978 OP t1_j1o5x2x wrote

That also correlates with the highest inflation for the past year over year. When governments blow out the spending you get inflation. Just look at Venezuela’s inflation.

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Mourinholib99 t1_j1o6ebm wrote

don’t hit me with these talking points man. Of course to much spending can lead to inflation, obviously. 2021 was because Corona and the reaction (for better or for worse) needed a lot more social spending. my point is that this omnibus is extremely ordinary and will have 0 influence of the baseline inflation expectations.

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