32andBelow
Legendary Member
- Messages
- 10,584
Doing research = watching a 57 minute video on youtube
2025 Federal Pay Raise
- Thread starter Logical_Mongoose
- Start date
- Messages
- 1,500
- Facility
- JNU Juneau Tower
Better than the covid vaccine experts luckily our union didn't fall for that misinformation
Wizard
Legendary Member
- Messages
- 1,252
May I interest you in a side of /atc2
- Messages
- 3,259
32andBelow
Legendary Member
- Messages
- 10,584
PooseMaGoose
Forum Sage
- Messages
- 434
No. “Increases in prices” and inflation are not interchangeable terms. Increases in prices over time can result from a myriad of things, one of which is inflation. Inflation is the result of too much money chasing too few goods and services. When the federal reserve injects trillions of dollars into circulation by printing money (i.e. government overspending), it results in rising costs because the dollar becomes diluted related to the goods and services it can purchase…
Again, there are other ways mentioned that increase prices in the relative short term. Simply saying inflation is “costs going up over a period of time” is an oversimplified definition that attributes everything and anything that can increase costs in any given timeframe. This convolutes the true economic definition of what inflation really is.
Friedman's quote that I posted above focuses on the money supply as the root cause of inflation which fits the core economic definition. I’ll say it again.. those other factors might influence short-term price changes, but the overarching control of inflation lies with how much money is circulating in the economy.. and this is controlled by governmental monetary policy.
Its not a coincidence that the people who gladly oversimplify the modern definition of inflation to shift blame and detract from its core cause are the very people responsible for the shitshow that is our federal overspending problem.
Last edited:
Dontbotherme
Forum Sage
- Messages
- 895
At this point, it doesn’t matter what you all are arguing. The union’s concern should be pushing for higher than 1.6%, to push us through the pay bands quicker, especially as we have a reduced working career length versus other federal workers. The potential of a January federal pay increase should have nothing to do with union negotiations for more pay and greater benefits.
PooseMaGoose
Forum Sage
- Messages
- 434
People can’t even agree on what facts are anymore apparently. I haven’t stated one opinion. It’s the true mark of a coward to retreat away from discourse by grouping half the country together, assuming they share a hive mind, and presuming only you hold the key to truth.
It’s not endearing. It’s pathetic.
- Messages
- 3,019
- Facility
- Command Center
So how is everyone’s Saturday progressing?
- Messages
- 1,500
- Facility
- JNU Juneau Tower
2 percent less than Saturdays next year
Jesus christ shut the fuck up moron. I'm not citing sources to "show how smart I am". I'm showing goose how one sentence from one guy doesn't mean that's the end-all-be-all definition of something. Which should be obvious to anyone with more than one brain cell, but alas.
lol. I'm pretty sure oversimplifying is saying *one single thing* is the sole cause of all inflation. You're literally arguing against yourself.
Meanwhile you're ignoring literal decades of Japanese economic data which clearly show that your argument holds no merit whatsoever. You could also look at the US, though we haven't had deflation which illustrates this much more plainly. US money supply is constantly increasing, and most of the time when there are large increases in inflation, there is very little to no change at all in rate of change of overall increase in the money supply. Coincidentally, this time there is. Oh no, the world must be ending.
Keep burying your head in the sand. Or maybe you can find something else Tucker Carlson or whoever told you to regurgitate.
PooseMaGoose
Forum Sage
- Messages
- 434
Damn. I’m so sorry, bro. They should take Milton Friedman‘s Nobel peace prize away and give it to you because you obviously know so much more. Thank you for gracing the world with your wealth of knowledge and your infinite wisdom.
ChuckNovember
Forum Sage
- Messages
- 270
Plenty of Keynesian economist have won the Nobel prize as well. Citing Chicago School economic theories as the end-all be-all reflects a very shallow understanding of economics.
AnyTrafficPleaseAdvise
Forum Sage
- Messages
- 703
i didn’t read either of your posts. You seem really upset though, maybe step outside and get some sunshine today, buddy.
Attachments
- Messages
- 22
- Facility
- Command Center
Serious question, did you post this from your phone? If so, that’s impressive.I'm copy/pasting from literally every place that defines inflation. But I guess being so obtuse that you think that just because a guy who was smart and well-respected said something, that means every sentence he ever spoke was 100% correct means you know better... when what he clearly said, by the very definitions of the words, is not correct.
Japan is a really good example of these *~bAsiC eC0nom1cs!~ showing that economies have a lot more to them than just basic shit you blindly believe. Money supply increasing literally the entire time and inflation roughly sideways the past 30 years.
open these charts. click on 10 year or max at the top of the chart:
Japan Money Supply M1
Money Supply M1 in Japan decreased to 1091734.50 JPY Billion in February from 1097440.20 JPY Billion in January of 2025. This page provides - Japan Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.tradingeconomics.com
Japan Inflation Rate
Inflation Rate in Japan decreased to 3.70 percent in February from 4 percent in January of 2025. This page provides the latest reported value for - Japan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...
They even had a massive increase in money supply from 2000-2005 while experiencing DEFLATION. Good job on that analysis Milton! Or maybe that was Biden's fault, somehow.
South Korea Inflation Rate
Inflation Rate in South Korea decreased to 2 percent in February from 2.20 percent in January of 2025. This page provides the latest reported value for - South Korea Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar...Italy Inflation Rate
Inflation Rate in Italy increased to 1.70 percent in February from 1.50 percent in January of 2025. This page provides the latest reported value for - Italy Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey...United Kingdom Inflation Rate
Inflation Rate in the United Kingdom increased to 3 percent in January from 2.50 percent in December of 2024. This page provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.Switzerland Inflation Rate
Inflation Rate in Switzerland decreased to 0.30 percent in February from 0.40 percent in January of 2025. This page provides - Switzerland Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Countries all over earth had a lot of inflation due to supply chain problems. Guess it was all Biden's fault! so fucking stupid.
SquawkHijack
Forum Sage
- Messages
- 626
Can we rename this thread, “Circle Jerk with Self-Proclaimed Economists?”
It's either this or some guy on data bitching about adrenochrome farms in Ukraine. I bounce back and forth.
Also I googled Milton Friedman and he's not as hot as this other guys hard on suggests he is.
Similar threads
Hiring Bid
FAA-ATO-25-ALLSRCE-94224
