U.S. economy added 916,000 jobs in March, crushing expectations

[Revoltingest]

It also reduces debt and encourages investment, which was one of the reasons why the Fed has been pushing for higher inflation rates ever since the enormous deflationary dip around 2008.

The US really hasn't had substantial inflation for a while, with inflation rates hovering around 1-1.5% for most of the previous decade (and with several deflationary valleys in between):

United States Inflation Rate | 1914-2021 Data | 2022-2023 Forecast | Calendar

I prefer no monetary policy induced inflation.
It creates bubble instabilities, eg, people buying the
spendiest houses & biggest loans they can qualify
for as an inflation hedge. The better way to reduce
debt is to borrow less, & pay it down. Won't happen.

 

[Twilight Hue]

Quality has no meaning to the dead. Quality is destroyed for those who are permanently disabled by COVID. Quality is destroyed by "long haul" victims of COVID. Quality was destroyed for a time by those in the ER and especially on ventilators due to COVID.

That can be said for a whole slew of afflictions and ailments out there.

 

[Revoltingest]

Human life does not matter to some.

Nor does quality of life.

Obviously, they both matter.
The issue is how to best balance those concerns.

 

[esmith]

Guess this recovery is due to the previous administration, at least that is what I was informed of back in 2016-2020.

 

[Thief]

U.S. economy added eye-popping 916,000 jobs in March, crushing expectations

well.....the immagrants need somethng to do

 

[Kooky]

Guess this recovery is due to the previous administration, at least that is what I was informed of back in 2016-2020.

Curiously, at the start of the Trump administration, when people were argueing that the economy was recovering due to Obama's stimulus, the same argument went in the exact reverse direction.

 

[metis]

Curiously, at the start of the Trump administration, when people were argueing that the economy was recovering due to Obama's stimulus, the same argument went in the exact reverse direction.

And to go along with what you're saying, viewing the graphing of the economic growth here in the U.S. from 2010-2021, it shows a gradual transition upward beginning with the Obama administration and continuing through the Trump administration. But prior to 2010, the graphs show that the Obama administration inherited an economic nightmare.

 

[Kooky]

I prefer no monetary policy induced inflation.
It creates bubble instabilities, eg, people buying the
spendiest houses & biggest loans they can qualify
for as an inflation hedge. The better way to reduce
debt is to borrow less, & pay it down. Won't happen.

Deflation tends to help those who benefit from existing loans and the appreciation of existing wealth and capital, so it is natural that rent seeking capitalists like landlord and banks would prefer it.

 

[Revoltingest]

Deflation tends to help those who benefit from existing loans....

Not uniformly or necessarily.
If interest rates are indexed to monetary change (eg, CPI,
T-bill, LIBOR), the net effect on both borrower & lender would
be nil. But if fixed, deflation favors the lender, whose loans
receivable increase in economic value. The borrower suffers
the mirror image of that situation.
As for new loans, their parameters would be structured to
account for the new environment. Loans would still be issued
as usual.

....and the appreciation of existing wealth and capital, so it is natural that rent seeking capitalists like landlord and banks would prefer it.

In deflation, appreciation due to increasing economic value
could still happen, even if the value in dollars decreased.

I'm a landlord, investor, borrower, & lender.
In those capacities, inflation could help or harm me,
depending upon complexities. It seems a wash.
I favor a constant dollar value for public policy
reasons, eg, minimizing real estate price bubbles,
fair capital gains taxation.

 

[Kooky]

I favor a constant dollar value for public policy
reasons, eg, minimizing real estate price bubbles.

Real estate price bubbles generally aren't caused by inflation, though, so deflation wouldn't minimize their occurrence.
Also, I'm fairly sure there is no such thing as a "constant dollar value". The economy is always in flux, so real values change all the time.

 

[Revoltingest]

Real estate price bubbles generally aren't caused by inflation, though, so deflation wouldn't minimize their occurrence.

Perhaps not where you live. But I've long been a real
estate investor, broker, & manager here. We've a culture
of expecting inflation to cure cash flow shortfalls, & to
increase one's equity (as value rises relative to loans).
This is a sample of the many advisors pushing such
investment....
Inflation - The Secret to Building Wealth in Real Estate

Also, I'm fairly sure there is no such thing as a "constant dollar value".

Of course there isn't. Government monetary policy
is all about having some inflation (self interest, ya know).
I advocate a change....don't expand the money supply
faster than economic growth...ie, constant dollar value.
There could still be inflation or deflation, but the origins
would be economic rather than monetary.

 

[Kooky]

Perhaps not where you live. But I've long been a real
estate investor, broker, & manager here. We've a culture
of expecting inflation to cure cash flow shortfalls, & to
increase one's equity (as value rises relative to loans).
This is a sample of the many advisors pushing such
investment....
Inflation - The Secret to Building Wealth in Real Estate

Of course there isn't. Government monetary policy
is all about having some inflation (self interest, ya know).
I advocate a change....don't expand the money supply
faster than economic growth...ie, constant dollar value.
There could still be inflation or deflation, but the origins
would be economic rather than monetary.

The origins are economic rather than monetary though - the Fed can't actually set an inflation rate (I mean, it could, but it wouldn't do them much good). It can, in theory, control the domestic monetary supply, but I would argue that there's already so much money in circulation that in practice their influence on the economy is probably rather limited.

 

[Revoltingest]

The origins are economic rather than monetary though - the Fed can't actually set an inflation rate (I mean, it could, but it wouldn't do them much good). It can, in theory, control the domestic monetary supply, but I would argue that there's already so much money in circulation that in practice their influence on the economy is probably rather limited.

All the fed need do is expand the money supply faster than
economic growth. Hence monetary policy can create inflation.
More precisely, if would impose inflation upon whatever
inflation or deflation occuring otherwise to the economy.

I recall hearing an interview with some fed official on NPR
wherein he said they had a goal of a few percent per year.
It makes sense....injecting fiat currency into the system
means more dollars chasing the same goods & services.
Id est, money is diluted.
It also makes sense that politicians would like inflation.
- Reduction of debt.
- Moving taxpayers into higher brackets.
- The perception (false) of economic growth.