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It's the economy, stupid:

-Inflation is not prices; it is the rate of change in prices. Low inflation doesn't imply low prices. -Aggregate statistics don't necessarily explain individual outcomes.

The Dems failed on this count massively, and have, for maybe the last 40 years, which is about the amount of time it took for my state to go from national bellwether (As goes Ohio, so goes the nation) to a reliably red state. This cost one of the most pro-union Senators (Sherrod Brown) his job.



I don't think that the problem is that Democrats didn't explain the technical definition of inflation well enough. The problem is that people can't afford to buy things. Having better infographics on how inflation is the derivative of price doesn't really solve that problem.


> I don't think that the problem is that Democrats didn't explain the technical definition of inflation well enough.

it's clear that at least half all American voters don't understand technical definitions or explanations (this was Obama's problem too). "Drill Baby Drill", "Lock her up", and "cheap gas" is about their comprehension level.


>it's clear that at least half all American voters don't understand technical definitions or explanations

They don't need to, when they can very trivially understand the impact it has on their pockets.

("Why would they believe their own lying pockets, over our nice technical explanations, graphs, and citations telling them that their income is fine and things are affordable?!")


It's easy for them to understand the effect, I think it's harder to explain the cause in a way that resonates.


The cause of higher prices was the spending... From Trump and COVID to Biden and the infrastructure bill. The war in Ukraine which drove up food prices and oil prices. Then the Saudis not necessarily going along with the Biden Admins requests for oil.

The thinking goes that Trump and the GOP will gut the Federal Govt and the spending with it. Then Trump will give Ukraine to Putin solving the food growth and export problems with Ukraine. Then MBS in Saudi Arabia will be more than happy to accomodate requests for more oil.

All three will reduce inflation and lower prices. Who knows, it could go so far that four years from now voters are complaining about deflation.


This USA centric view doesn’t hold any water when you look at how much inflation there has been all over the west. If anything, you should find an explanation for why USA had lower inflation than many other countries.


Oh my. Is this what Fox News teaches?

- Gutting the Fed Gov doesn't bring down inflation or prices. These are not correlated issues.

- The US is a net exporter of oil, doesn't depend on the Saudis.

- "Giving Ukraine" to Putin won't happen, as much as Trump would like to help his buddy out, but because the EU won't let it, because Congress ultimately controls spending, not POTUS, and they're the ones (mostly the GOP) pushing for more military aid and a bigger budget (they upped Biden's military budget and aid to Ukraine). But even if Trump did drop all US military aid to Ukraine, the Ukraine won't just collapse, that would take time. And even if Russia did fully occupy Ukraine and "end" the war, that doesn't impact food prices in the US as food imports from the Ukraine are a tiny percentage of total food imports, very little impact. Sunflower oil, maybe.

These are not factors that will bring down prices.


Is there a citation for the US being a net exporter of oil? Last I checked, they were a net exporter of Gas, which is not the same as oil. Oil is refined to produce gas, and the US imports the majority of said oil.


Yes, for years now, the US has been the world's largest producer of crude petroleum because of the invention of hydraulic fracturing (fracking). Larger than Saudi Arabia.

The US still imports a lot of petroleum, but that is only because it has a comparative advantage in refining heavy crude. Most of the crude produced in the US is very light sweet crude, which is easier to refine. Some of that gets exported and refined overseas.



Why would you ask for a citation of something so easy to verify?


"They don't need to"

Yes they do.

If they don't understand the causes, then they will make the wrong decisions to fix the problem.

Like just blaming Biden who kept inflation down, and electing Trump who clearly will increase inflation.

By not understanding, the people are allowing themselves to be victimized by the right wing elites. Just like the south was convinced to have a civil war by a few wealthy land owners.


I don't think they do and even if I'm wrong I think it's just not practical and will never happen as it's too complicated for the majority of voters. Citizens are never all going to be economists and scientists capable of analyzing these issues as experts. This is the role of government. If voters make the wrong decision and the problem is not solved by who they voted for, their remedy is to vote for someone else next time.


You are correct. Everybody can't be experts on everything.

I'm just thinking the baseline should be a bit higher. And we get, what get today by, the standards going down, and a large part of that is the religious war on education and science. Because the less educated, are more easily controlled and the 'right' use this. On whole, the farther those decisions are from reality.


If Trump will increase the inflation then the Republican Party will surely lose the midterms. At that point the masses will not be victimized by the right wing elites.


If history repeats. Republicans will say any inflation in the next 2 years was because of the last administration and get a pass. They get 2 years of blaming the last guy.


If the electorate are angry about their economical situation excuses like that will not work. I believe the Republicans have a tall order to accomplish. And if they do not then the Republicans will lose the midterms.


All they have to do is leave things as they are. They won't have trouble NOT following through in their promises. Politicians do that all the time. The US economy is the strongest of its peers, and the best it's been in a long time. Once that settles in, people will see the party in power as responsible for that.


But this whole thread is about how the economy right now it bad for the people - and this is the reason why they dumped Kamala. If the economy stays the way it is people will still be angry - and they will dump Republicans in the midterms.

Otherwise the economy is not the reason people dumped Kamala..... This is becoming illogical (at least for me...)


The fact is that the economy is not bad right now.

People are mad about their perception of the economy, but the economy is fine. Once their team is in, their perception will change over night.


Exactly.

People complain about gas going up a dollar and cry about milk and eggs. But it is actually pretty good right now.

If the right is ready for a civil war when things are good, what happens to US voters when the Economy actually is bad.

If we get 20-30% inflation (because no labor because of deportations, and tariffs), and losing jobs because of budget cuts (people forget Trump 1 didn't create many jobs).


I doubt the deportations at that level will happen; the GOP elites know the score. They will do some well publicized theater and call it a day.


The US lacks both the resources and the time in a four year term to deport at the levels claimed in the campaign

What is very likely is that Stephen "my precious" Miller (aka Goebbels-lite) will get to break up more families, "lose" more vulnerable children and build a few more international convention breaking "camps".

Addendum: Rather than downvote at least expand on why you might think Miller will not repeat what he has done before in pursuit of the goals he has clearly stated?


In conjunction with Tariffs, could get 20% inflation some markets.

I think laptops and electronics could hit 20% inflation.

While farm good, more impacted by immigration would probably be less that 20%, but who knows. If you can't pick the fruit at all, inflation can spike rapidly. Year or so ago I think peaches hit triple digit inflation, (and came back down, yes, it fluctuates).


See, that seems exactly like the kind of cruel operation that would be highly visible in public but wouldn't actually move the needle in numbers.


It’s the “name calling” not the actual points people are downvoting you for


Have you read Stephan Miller's speeches?

They're cut from from the Enoch Powell, Goebbels playbook - it's not name calling when it's simple factual description of the source material in question.

This isn't some US Democratic smear at all, Miller is regarded as a far right extremist and outlier by Republicans (eg: https://www.salon.com/2018/01/21/lindsey-graham-slams-stephe...)

Call a spade a spade.


I was only telling you why people are downvoting you. I was also downvoted in this same discussion for making the point that “fascist” shouldn’t be received as an insult to people that, well, think fascism is good.


That's fine, I'm aware that's one reason that some might downvote, I'm happy pointing out the cowardice inherent in silent downvotes but can easily understand why some may prefer to do that and avoid defending Miller or attempting to make a case that my descriptions don't apply.



Heh.

"To be fair" wrt Donald Trump, in my opinion the Generals were bang on describing him as a Fascist but he's nowhere near the level of being an actual Nazi that, say, his father actually was.

He's primarily a self serving opportunist and a supremely talented and natural grifter, the people to really worry about will be his his appointments in this coming term - they'll have their own agenda's and will have relatively free reign to pursue them as long as they are loyal to Trump (in his opinion).


So far the announced appointments are not as bad as I expected, i.e. letting a bunch of loonies like MTG or Gaetz run things. This still perhaps feels like a regression but to the level of e.g. Kissinger or McCarthy.


This aged well :)


Wow...less that 5 hours after you posted that Trump has named Gaetz as his nominee for Attorney General.

Is it “name calling”? OR, a historical comparison?

Wasn't Goebbels the propaganda man, and the things Stephen Miller is tweeting about is extremely inflammatory, he is the Trump extreme Propaganda Man.

And since as stated earlier, mass deportations might not be realistic, the propaganda of caged Mexicans and destroying Mexican Families, is the kind of marketing fodder to make the Republican Base 'think' that real action is happening.

Republican's have been making a lot of reasonable claims about a 'legal path to citizenship'. And what does Stephen Miller just do, he tweeted that they will start looking into revoking citizenship for people that was already granted. To reverse citizenship. Where does that end? With Mexicans only? That seems more in line with Goebbels.


That's not true. Trump lost his majority in 2 years the first time around because he was blamed (pretty fairly) for all his mistakes during that time.


Here's to hoping.

But if people were going to use logic like that, then why vote for him again at all? There was an entire 4 years of chaos that nobody remembers. Why should we think that by the mid terms people will suddenly become logical again.


The modern republicans (i.e. MAGA) are very much one the misinformation train. They can just lie, say things are actually better, and boom, people will believe it.

I doubt very many people are going to actually track their receipts. And those who do will only get coverage on MSNBC, CNN, etc so this will be branded "fake news".


> They don't need to, when they can very trivially understand the impact it has on their pockets.

Of course they do. You can be angry and still need to make a decision about which option is most likely to make your situation better.

Anyone who actually thought through Trump's intended policies would know they won't make that particular situation better (such as bring down the price of housing or goods), except maybe the crypto bro's. In fact large tariffs will raise the price of goods (oops!).

But most people don't think things through. And if they were watching TV -- which most of the older electorate does -- then they can't even think things through because they're bombarded with superficial scare ads.


Are you sure? I think it's very obvious that his plan of deporting people will increase the supply of housing.

I see a lot of dismissing people as stupid, and I don't think it's a fair assessment of what happened here.


Housing is produced with the cheapest labor possible, i.e. immigrants. If you remove the cheap labor we have exploited for decades, then the price of housing will go up, which means less housing will be built.

This isn't just a stereotype. Look at construction, how many appear Latino to you? Domestic people have much higher expectations and are more resilient to exploitation - they won't break their back for super low wages.


I think deporting illegal immigrants will reduce the supply of housing for the middle class: while these immigrants are too poor to live in houses like this- so aren’t part of the demand, they are building and maintaining them for low pay which increases supply.


Illegal immigrants build way more housing than they consume, so I don’t think Trump did the math right here.

Spanish has been the main language at housing construction sites for a long time. The other industry that will get hit hard is agriculture, so I expect housing and food prices to spike a lot after Trump deports all of the illegal immigrants. Coupled with a trade war and juiced interest rates at the same time, we have basically a perfect scenario for hyper-inflation.


It's even simpler than that: people saw that the economy was good for a large part of Trump's presidency and it was in a bumpy state during Biden's presidency.

They aren't intelligent enough to realize that correlation != causation. Add to that the whole "Trump is rich and a businessman so he must know what he's doing in terms of financials".

There are multiple financial organisations that did deep calculation on both candidates their policy and Harris' policies were going to be invariably better for the economy, even for the lower working class. But people won't listen to that, they'll just go by gut feel.

Its the logical conclusion to the distrust in the academic & political class that has been building since the early 2010s. Not only in America, in Europe too. A big part of it is that for the first time since the late 80s, many aspects of life are stagnating or declining in the West. So why would people vote for the status quo parties?

Especially for Democrats / left parties in Europe, Maslow's hierarchy of needs works into it: why would you vote for a party that gives laughable DEI issues (blacklist/whitelist > blocklist/allowlist) equal amounts of ink as "let's make sure people can pay their rent."

Sadly the only solution is to care harder, even if it feels horrible to continuously be the bigger man. If you let the bottom part of the electorate wither, they'll drag on us like an anchor and make us all drown.


> laughable DEI issues

I’d love to know what DEI issues are laughable and which are not. Or are they all laughable?

Because an agenda that seeks to continue rolling back reproductive rights and protections for diverse people doesn’t really evoke laughter for me.


Nice strawman. You know very well what I mean.

> and protections for diverse people

Do you really think minorities (who are generally of a lower socio-economic status) care more about being called a slur than having a roof over their head and being able to pay their groceries? Or that women care more about the ratio of male-female CEOs and senators rather than if they themselves are getting paid a livable wage?

People like to pretend policy isn't zero sum, but it is. Governments have finite budgets. People have finite attention spans. Thus things must be prioritized. Rent, finances, food, health, these need to be prioritized. Once everyone is doing good on those points, you can move up the pyramid.


People, including women, Latino & Afro Americans voted for Trump specifically because they don't care about these issues. These are non issues for the majority of Americans.


So true, the democrats talk too much abt their radical initiative when everyone is starving


> radical initiative

Yes, the radical initiative of... going back to the status quo that existed for decades. I'm referring to abortion.


> when everyone is starving

I agree with you that people who are actually starving care much more about having food than being treated as equal citizens.

But lets be real. People are not starving. Homelessness, yes, because the housing market is fucked -- which is not directly the GOP or the Dem's fault, and not something Trump or Harris would be able to "just fix" -- but food is heavily subsidized in the US, though what the poor have access to is mostly processed garbage food which is why they suffer from many more health problems than the wealthier. (This is a huge problem which neither party is addressing.)

What's also interesting is the poorest segment in the US, under $30K, who might be the closest to "starving" (as a euphemism), voted primarily Democrat this election.

Having said all the above, I do agree with you that having a roof over your head is much more important to most people than being treated equally, and that economic equality is the biggest problem in our country.

Unfortunately, Trump doesn't give a shit about economic equality. And the Dems only pay lip service to economic equality. After all, it's a feature, not a bug, of capitalism.

So since Trump isn't going to fix that problem -- in fact will make it worse (judging by his first term), plus the fact that "do we really care about human decency and values so little that we're willing to put a despicable human being -- by all accounts -- as our leader?" I can't stomach that even if Trump was the Second Coming of Christ as his cultist Evangelical followers seem to think.


> And the Dems only pay lip service to economic equality.

This is simply not true. It's not Democrats who keep making income taxes less progressive. It's not Democrats who refuse to pass a refundable child tax credit. It's not Democrats who attack programs like SNAP. It's not Democrats who pass right-to-work laws and bust unions. It's not Democrats who fight student loan forgiveness. It's not Democrats who try to repeal the ACA. It's not Democrats who fight minimum wage increases.

We live in a country where whatever Democrats try to do for the poor, they get attacked for being socialists or communists.

Yes, sometimes Democrats make mistakes. Sometimes they pass bad policy. But Democrats do more than pay lip service. Things we wouldn't have without Democrats: Social Security, Medicare (with an assist from Eisenhower), Medicaid, food stamps (SNAP), ACA, the child tax credit.


Much of the electorate is uninformed and can be induced to vote against their own interest.

A critical issue is that Dems imagine there is a path to success that goes around an uninformed electorate. In an era where the news media is largely disintermediated, the only way to success is by engaging the type of voters Dems shun. That means listening to them and giving them some of what they want, and less of what they don’t want.


Well, much of the people that are “informed“ can be induced to vote against their own interest as well. One could argue that the “informed” people that went through similar college experiences and came from similar backgrounds, listen to similar news sources, hang out with similar people are prime targets for manipulation. Certainly the congruence amongst mainstream news that we’re seeing these days is a sign of that.


first we made them poor, then we declared them of unfit mental state to decide their own fate, which they had no decisions on in the first place being poor. this is how a silent coup from above looks like


Yep. They're voting on emotion, not logic or facts.

Emotions are much stronger.


Okay, and what should you do with that "insight"? Play the same game and try to capture the people on issues that matter to them, I'd say.


Yeah, emotions like "I wish I could afford to buy food."


You can experience that emotion and then logic your way to "it probably doesn't make sense then to vote for massive tariffs." If you don't logic your way to that next point, then yeah, you're making a bit of an emotionally-tainted decision.


Manufacturing jobs in the past paid much better than the sort of jobs that people in the rust belt are doing more often today.

If we assume that the manufacturing increase we would inevitably see in the presence of protectionist tariffs end up in those same places, then that would help make food and other things more affordable for those people.

Whether manufacturing ends up there or elsewhere is of course not actually guaranteed, the shipping technology and environmental laws were very different when the old manufacturing centers were established.

I don’t understand why people are so quick to conclude that others are very, very stupid in this case, as opposed to having interests that don’t align with one’s own and which are difficult to relate to absent the sorts of multi generational experiences these people have had.


Not saying they're stupid but that they're easily misled.

Manufacturing jobs are not coming back to the US in large quantities. Period.

Even if you apply tariffs to force large companies to leave China, they'll go to other countries -- India, Vietnam, etc.

The one thing that might work is to provide huge tax incentives to entice foreign companies to build factories in the US -- but that has proven to have limited effect -- remember Foxconn supposed huge investment in a factory in the US?

The only place this _might_ work is in high-end chips, such as TSMC -- but those are not the "manufacturing jobs" in Ohio and PA that disappeared.

But mostly, the manufacturing jobs won't come back because companies are rushing to replace them with machines as quickly as possible. So sure, a factory might open in the US, but it won't employ many people.


Hypothetically though, might it be good to have more industry domestically? As it stands today, we are so dependent on China specifically that we can't for instance, sanction them (one reasonable reaction to them messing with Taiwan, for instance, since nuking them wouldn't end well) without doing massive damage to our economy. I'm sure Trump won't have a nuanced and good plan for getting there, but I would like to start doing the work to promote having more industry here, even if it doesn't solve the problem of what to do with the masses who used to work in factories and coal mines. Honestly with our birth rates in the toilet, it's not a permanent problem. If we kept more wealth here maybe we could deploy some of this excess labor (while we even still have it, cuz again, population collapse is in progress) to build useful infrastructure.


Biden has kept tariffs in place on Chinese goods and worked with congress to pass several bills designed to increase US manufacturing...

https://www.atlanticcouncil.org/blogs/econographics/the-ira-...

The population is aging, but it's gone from an average age of ~38 in 2010 to ~40 now, while increasing. This is not a collapse, and the US is actually uniquely good at immigration, so there is a reasonable path forward.


I’m absolutely in favor of having a strong domestic industry. But to accomplish that you have to have more controls over industry which is anathema to capitalists and “un American”.

It’s just really really hard to put the horse back in the barn once it’s bolted. Shareholders will fight it tooth and nail.

There is a possibility in new energy industries because those haven’t taken root abroad yet and so Biden efforts to fund that are good. Unfortunately Trump wants to gut all that.


You’re the only one making assumptions here. You have no clue what my interests are or my background is.

Assumption 1: That Americans want those manufacturing jobs

2: Those manufacturing jobs still exist and are not simply automated away

3: People will still want to buy those goods at 30-1000% higher price points

4: That the onshoring of the lowest-quality jobs on the planet will pay enough to overcome the new inflated prices of everyday goods

I assume that people don't know what they're talking about on this subject because 100% of people I’ve seen defending the policy make dumb arguments, while approximately every single economist on the planet argues the opposite.


Except voting for massive tariffs make sense from an environmental and workers point of view. Logic instead of emotions was lacking in the democrats camp too.


Massive tariffs will drive up costs and lead to worldwide economic instability. It didn’t work in 1929 and it’s not going to work in 2025.


I'm ok with this because it's going to keep American money in America. The cheep prices we are used to are fueled by slave labor. That Chinese hammer that is $5 less at wal-mart was produced in a sweat shop by underpaid and overworked workers.

The tariffs level the playing field and allow us to afford to produce goods at home by effectively banning slave goods. Besides, when you produce local its better for the environment because you're not sending everything on massive cargo ships.


But driving up the costs is a good thing in the big picture because negative externalities are artificially suppressed, the environmental, social and geopolitical cost of having cheap electronics and crap from China is way more high than anticipated. 1929 was another world, and economists have yet to update their view to the 21st century, GDP only is not the end goal.


I didn't realize a vote for Trump was a vote for selfless austerity. Macro-economics is hard, but seizing up world trade is one well known easy way to ignite an actual depression, not just the kind-of-but-not-really recession we had under Biden.


This is not the bargain people made in voting for Trump.


> make sense from an environmental and workers point of view

from an environmental point of view, yes, by reducing consumption; but that's not why people voted for Trump -- they did because they thought it would lower their prices at the supermarket. it won't do that.


Except that at the the lower income bracket, there are many more Democrats than Republicans (58% to 36% according to Pew[0]). So I don't think the election turned on poor people not being able to even afford food.

[0] https://www.pewresearch.org/politics/2024/04/09/partisanship...


That's from 2023, and it sure as hell isn't how people voted this time: https://www.statista.com/statistics/1535295/presidential-ele...


Fair point. It is more nuanced this time. For income < $30K, more people voted D than R, though for $30K-50K more voted R. And $30-$50K could be "poor" depending on where you live and whether you have kids, so a little hard to tell.

https://www.nbcnews.com/politics/2024-elections/exit-polls


These particular nominal distinctions are losing meaning as everything but technology continues to inflate. An income of $30k is not survivable where I live (it's less than rent + transportation to work) without subsidy from family who joined the property owning class in the 1970's - essentially homeless but for charity.

It's not that you're "poor" if you make less than $30k, it doesn't depend on whether you're supporting family, it's that it's not possible to legally exist as a single person household working full-time at $15/hr; You are either receiving charity or you're securing your person through some sort of criminal act (squatting, living in your car, living in a park, sleeping in the breakroom at work, living in an illegal basement apartment or having five roommates in an illegal sublet), or you're delving into the 60-80 hour workweek.

Provisions which trigger at the federal poverty line for a single person not receiving private charity, require that you have been involved in criminalized living arrangements for a long time, and also that you have some sort of fixed address by which to reach you.


> it's not possible to legally exist as a single person household

Why is that the goal? When I was in my late teens / early 20s back in the 90s making low 30s, I did what everyone else my age did: got a roommate.

It's not great most of the time.

It was, however, very motivating for me to improve myself so that I could afford to get my own place.


$32,000 in 1994 is worth $68,000 in 2024 according to official CPI figures. You did alright - this is basically median HOUSEHOLD income at the time, far higher than median "Young single male" income.

But CPI figures aren't what we have to deal with.

Average rent in 1994 was roughly $500 ($6000/year). Today it's $1400 ($16800/year).

You were paying (if a median unit) 15-20% of your income in rent and felt that this was too much and you needed a roommate.

Today there are lots of people making $32000 a year at full-time jobs (that's $16/hr, pretax), or LESS than that, and being told that they need to pay more than 50%. Or that because they make so little (we credit check tenants now!), they simply are not allowed to rent legally.


I think we're somewhere in the middle between the way you had it in the 90s, and absolute disaster. (Also, if you were making low 30s in 90s dollars that's a lot better than like 40k in 2024 dollars.)

Several issues that real people today are suffering with is that it's hard to remain a 2-income family and have young kids. Someone's got to take care of them, and daycare costs more than the median worker is likely to make in the limited time your kids can realistically be in daycare. So now you're down to 1 income, expensive rent, or 2 incomes, expensive rent and expensive childcare. Or 2 incomes and live with someone's parents who may also watch the kids, which while some cultures are fine with that, others resent that being their only option (especially if you can't stand those parents!) -- and for elder millennials and older, we generally were able to have better options if we planned our careers wisely. I cannot imagine any advice I would have given to two 18-year-olds from poor families in 2020 that would have set them up to be on track to have kids and live independently anytime. Especially if they were determined to go to college, which everyone is told they must do.


Thing is, people will say stuff like this and them foam at the mouth at the mere mention of the phrase "food stamps". Methinks this sudden empathy is a load of crocodile tears.


People don't want food stamps, charity or a tax credit. They want good paying jobs.


"Analysis conducted by Vanderbilt University political science professor Larry Bartels in 2004 and 2015 found income growth is faster and more equal under Democratic presidents. From 1982 through 2013, he found real incomes increased in the 20th and 40th percentiles of incomes under Democrats, while they fell under Republicans"

https://en.wikipedia.org/wiki/U.S._economic_performance_by_p...


Good paying jobs went away with Reagonmics and offshore manufacturing. Trump isn’t bringing them back (neither is Harris). It’s a feature, not a bug, of capitalism.

Also Elon “Efficiency Czar” is all about cutting jobs not creating them.


I'm okay with eliminating some government jobs though. With how much we pay, and the way plenty of government workers I know literally just screw around all day, I am certain that there is plenty of waste. And we have whole agencies that do not make progress towards their supposed goals despite bountiful public funding. Worst case scenario they cut too far and we finally notice something is missing, and they hire some back.


>It’s a feature, not a bug, of capitalism.

It's not a feature of capitalism - we've had capitalism without sending manufacturing overseas for decades. Rather, it's a feature of globalization, which is a tactic that isn't specific to capitalism.


Globalism is the logical conclusion of capitalism. You can argue the two have distinction and you'll be right, but trade loves free borders and price inequalities don't go away when you levy proportional taxes on imports. The more insular your nation becomes, the more detached they are from the actual value of things. A capitalist rejecting globalism is like the clergyman refusing gospel.

It's ultimately the businesses that decide how to conduct their business. If moving your jobs overseas is a cheaper strategy than producing something domestically, you will have a hard time getting anyone to stick around. Our problem today is that America raised it's standard of living without reciprocally raising the median value of the American worker.


No, it may be the logical conclusion of Free Market Capitalism or laissez-faire capitalism. Which is the direction that the US was going down but that does not mean that we have to go that route.

>If moving your jobs overseas is a cheaper strategy than producing something domestically, you will have a hard time getting anyone to stick around.

Hence tariffs.... You can't have a consumer class if they cant afford to consume. You can't demand environmental protections and then turn around and claim it cost too much so we build it in a country that we can pollute in. TANSTAAFL

We want environmental protections, we pay for them. Business owners want customers, they pay for them by paying fair wages.


Peak free-market unregulated capitalism failed when GFC happened. We have been bailing it out ever since. US has not had a surplus since 2001. I don't know what this 'socialize losses, private profits' is but it does not look like capitalism. GFC showed that capitalism has to be regulated IMO. And tariffs could be part of this regulation.


> Free Market Capitalism

there is no non-free market capitalism; capitalism that is laissez-faire is not true capitalism, it's a mixture of capitalism and socialism (which is what we actually have in the US, mostly starting with FDR, but which can't bring ourselves to actually admit because "socialism is bad".

> Business owners want customers, they pay for them by paying fair wages.

Huh? WalMart has plenty of customers and they don't pay fair wages. They don't have to because they use economy of scale to put all the smaller businesses, who might have paid fair wages, out of business.

Paying fair wages is not a feature of capitalism -- only if you are in a market sector that demands it. Corporations hate it, thus offshore production, but they survive by convincing enough people that having lots of cheap shit is better than paying fair wages (even if it destroys a significant portion of the American workforce).


This has a first mover advantage and bound to eventually fail. They're taking advantage of the fact other companies still pay...better, and siphoning off the money.

When every company is put out by an 'economy of scale' type company with the same tactics, you end up with a lot of sellers and no more buyers.


Globalism is the counter model to localized Globalism ,aka empires, starving the little map filler countries without power and who than band together to build catch-up-empires of their own warring on the predecessor empires aka worldwars.


Wrong. The only reason capitalism didn’t do it earlier was because it wasn’t profitable to do so. It is absolutely specific to and a feature of capitalism, because socialism by definition concerned with the welfare of workers, whereas capitalism is by definition concerned with the welfare of shareholders.


The aim of the tariffs is to make it unprofitable again. Majority of people want this.


Majority of people are too shortsighted to know what this means. If you rephrase "unprofitable" as "your prices will go up and you will be further pushed into poverty" they won't want this. So you just don't phrase it like that.

Routinely, conservative proposals, no matter how stupid, are displayed in the most generous light possible. Meanwhile on the left, the opposite is done.

High tariffs? Well, that could maybe bring manufacturing back! Gender affirming care? Every woman in this country will be raped in bathrooms and beaten to a pulp!


They think they want this because they were told it will lower prices. Which it won’t.


No one ever said that


I didn't hear that it would lower prices and don't expect it to. I expect to pay a lot more for everything as we re-build our supply chains not to include countries that throw all their Muslims in concentration camps and steal IP. I expect business that aren't viable without slave labor to cease to exist for the benefit of humanity and that the cost will be very high.


> Majority of people want this.

People want cheap shit, they don't care about how competitive the market is. It's just an unfortunate fact that has been reflected by dozens of American monopolies and decades of fervent offshoring. Tariffs just raise the price of said cheap shit until it costs as much as luxury alternatives, and "fixes" the problem by neglecting any market too poor to cope with more expensive goods.

It's a great trick if your goal is to artificially and temporarily encourage competition between two heavily unequal trade partners. It's a suicide rap for low-class Americans that now have to foot the bill for the rest of the economy by paying more for less food. It will put millions of American citizens on welfare, just to make unprofitable businesses seem competent. The people that want this are business owners and voters that do not understand the futility of a trade war with China.


Food is so subsidized in America that this is a joke argument.


Who is "they"?


If you watch the "undecided voter" focus groups being interviewed after the debate, most of the comments were very abstract -- about how the candidate made them feel. Nobody mentioned policy specifics.


Democrat non-voters


Trump voters


> it's clear that at least half all American voters don't understand technical definitions or explanations

What you are essentially saying is that over half the public has a low level of comprehension which simply isn’t true.

You can’t insult millions of people and expect them to meet you in the middle on any issues. And the issues are far more nuanced than cheap gas, like the fact that 1.7 million people work in the energy industry and happen to vote in swing states.


> What you are essentially saying is that over half the public has a low level of comprehension which simply isn’t true.

The average American reads at a 7th- to 8th-grade level. 21% of Americans are functionally illiterate. https://www.crossrivertherapy.com/research/literacy-statisti...)

It's not an insult, it's just a fact. And it's a problem for politicians who need to communicate complicated policy proposals.

Americans aren't getting smarter, so politicians need to adjust the policies.... which is how we get "build a well" and "drill baby drill."


> The average American reads at a 7th- to 8th-grade level. 21% of Americans are functionally illiterate. https://www.crossrivertherapy.com/research/literacy-statisti...)

21%, yes, but what kind of American? Central American, South American?


> 21%, yes, but what kind of American? Central American, South American?

US citizens, as I think was clear from the context and the link.


The article doesn't mention US citizens specifically, just US adults. But yes, the context and link make it clear it wasn't talking about South America, but even if it were, there's a table in the article that has a list of countries literacy rates. A cursory glance shows Mexico, Brazil, Colombia, Ecuador as having higher literacy rates than the US.

I don't know how accurate these stats are, but it's interesting nonetheless.


He's one of the lucky 21%


I don’t agree with the parent but given that mean IQ is 100, it is literally true that half of the population is dumb.


<Nitpick mode on.> It seems the average IQ of the US is 98, not 100. But even if the mean would be 100, and <100 would be "dumb", it does not follow that 50% of the population is <100.

Actually, since IQ is bounded on the low side and not bounded on the other side, it is actually likely that if the average is 100, more than 50% are below average. But that is not guaranteed. You could have only one dumb person with everyone else >100.


IQ is well known to be normally distributed. One property of the normal distribution is that median = mean, so it follows that less of the population would have an IQ below 100.


Still nitpicking: Since IQ<0 do not exist, it cannot be a true normal distribution. It is true that IQ distributions over large groups resemble normal distributions in their core, i.e. close to the median.


I’m no expert, but isn’t it a normal distribution by definition?


More like it’s clear that trying to gaslight voters by using technical definitions to hide that food had increased more than 30% didn’t work. You can’t tell the people the economy is the best when they can’t afford food, no matter your technical indicators.


but "the economy is good" and "I have lots of money" are not the same things.

it is perfectly possible for a country to have the best economy ever while still having a massive amount of people who can't afford food.


Sure, but the problem is that it seemed democrats used "the economy is good" to imply "people have money" and avoid addressing the struggle. Maybe because they were afraid of tainting the results of the presidency. Even here there was reluctance to admit most people were not doing good and only tech workers were complaining.


This (incorrect) attitude is another big reason beyond economy for the D loss.


as an outsider this is the biggest thing.

It's like D-voters don't even understand how unhinged they are.

"Everyone is stupid but me" doesn't do anyone any favors and doesn't fix any problem.

"I have the makings of a plan" is 100x more attractive to people who need change.


>"Everyone is stupid but me" doesn't do anyone any favors and doesn't fix any problem.

This, this, so much this.

No one has ever been persuaded by calling them idiots, bigots, or any other insult. In fact, it does the opposite and drives them further away from what you are trying to persuade them to do/

I recommend people read 'How to win friends and Influence people' and 'Rules for Radicals' if they wish to learn on how to better persuade people.


If that 5th grader rhetoric, and lack of any comprehensible policy, didn't resonate with Trump voters, he wouldn't have used it consistently. So the criticism is on point.

We can debate whether Harris' proposed policies would have worked or not, or good for the economy or not, but at least they were comprehensible.


Harris had proposed policies? That's news to me... Only think I remember is abortion abortion abortion.


https://kamalaharris.com/wp-content/uploads/2024/09/Policy_B...

Not a single mention of "abortion" in this document.


> That's news to me

See, this is the problem. Actually, serious policies (meaning, more serious than "drill baby drill" or "build a wall") are long, complicated, and boring. They don't fit neatly into a soundbite or a chant at a rally, so people who don't have the temperament or capacity to seek out and read such documents think the policies don't exist.

In seriousness, the solution is that Democrats need to be better at messaging by crafting policies that are understandable to their audience.


No, the problem is the medias (and campaign strategists) didn’t even try to communicate on these policies, and again thought social progressivism alone would do. That worked for a time in the early 2010s but they have yet to realize that when there are economic troubles it’s not enough to win elections, as this vote demographics show. No need to insult the intellectual capacity of the other camp.


It's not an insult, and I wasn't addressing either "camp." It's an observation that most people don't have the interest or ability in understanding government policy, and there isn't a good way to communicate the facts of the matter in a way that's accessible to most people. This is a problem of the media, who want everything broken into 30-second sound bites; but of course the media don't exist in a vacuum: they serve the media consumer, who won't listen to anything longer than 30 seconds, which unfortunately isn't enough time to explain the relationship between tariffs and inflation.

Voters demand simple explanations for complex realities, and simple solutions to complex problems, and as a result, the successful politician must fabricate simple explanations and simple solutions, even if they're wrong.


But Democrats gave simple explanations: “Joe is the sharpest he has ever been, the economy is the best you experienced your grocery bill increase is in your mind, no need to hold primaries and have your opinion we know this candidate is the best, etc… and if you disagree with any of this your are not smart enough”. I’m harsh but as a non American leaning left economically I found myself in disagreement many times this pas year but any criticism was met with huge suspicion.


Sure, there were many mistakes made by the Democrats' campaign. In your examples, the problem is not that the explanations are simple, but rather that they are obviously wrong.

EDIT: For fun, let's contrast the attitude of each campaign to its detractors. The Democrats say that people who oppose their strategies are dumb. The Republicans say that people who oppose their strategies are Communist pedophiles who want to destroy America.


Amazing the cognitive dissonance.

Democrats say that people who oppose their strategies are racist, sexist, xenophobic, dumb, fascist, nazi, you name it.

Republicans say that people who oppose their strategies are racist, sexist, xenophobic, dumb, fascist, and nazi.


> Democrats say that people who oppose their strategies are racist, sexist, xenophobic, dumb, fascist, nazi, you name it.

> Republicans say that people who oppose their strategies are racist, sexist, xenophobic, dumb, fascist, and nazi.

Only one of their statements is accurate. Not all opinions are equally valid.


I don’t disagree, but regarding your edit I’m not saying Republicans are not (way) worse, but that I’m hugely disappointed at Democrats. My hope was that instead of taking inspiration from Republicans they would lead an other way.


> My hope was that instead of taking inspiration from Republicans they would lead an other way.

Me too. The Democrats need a better story, a narrative that people can engage with emotionally.


What many heard the Democrats say was that if you oppose their policies you're not only dumb, you're also a racist, misogynist, fascist, nazi, and a threat to democracy.


That was never said.

What was said, repeatedly, is that _Trump_ is a racist, misogynist, has fascist and nazi tendencies, and is a threat to democracy. All of which is true. Ask his former chief of staff.

I disagree with most GOP policies, but don't have an issue with people voting Republican -- I would have been okay with someone like Romney or McCain as president; I could probably even handle pre-MAGA DeSantis (wouldn't be happy but whatever, we'll live). But if people are voting for _Trump_ specifically, then either they hold the same values as Trump, or they're willing to sell out their values for a promise of cheap gas (that they aren't even going to get!). Either way it's pretty bad.


Multiple people on my social networks were saying something along the lines of "If you are voting for Trump, unfriend me because you're dead to me and I don't even want to talk to you about it." Notably I didn't see anything like this coming from the Trump fans. This is because those who have remained inside the Democratic Party have become so indoctrinated that the opinions of the Progressive Left are factual that they now see this as not disagreements, but a religious war. And they're coming unglued now this week because they used to believe that having the popular vote on their side for years meant that their Correct Side was being oppressed because of a malfunctioning democracy. This week, suddenly they have to either admit that they don't really care about democracy as much as their pet ideologies, or that their ideas are radical and unpopular because they're bad.


I'm glad that your conservative friends are so tolerant, but mine aren't. Plenty of conservatives have no problem calling liberals Satanist, anti-American, pedophiles. Just look around.

It didn't used to be like this. The tone of politics changed when name-calling, bullying, and hate became part of campaigning. The country is divided, and the source of the vitriol is one man.


The source is most certainly not just one man. Go listen to recordings of Rush Limbaugh. Or the parody at the start of Hackers. The party has been stoking this blind populist destructive rage for decades, and then channeling the frustration into support for their establishment candidates. Their monster got loose, they got Trump, and now we've got Trump.

As for the larger social relations context, this link posted elsewhere in the thread nailed it for me: https://thedispatch.com/newsletter/boilingfrogs/liberal-tear... (Excuse the crapwall, it doesn't seem to show up with javascript disabled). I will likely ghost everyone that is openly cheering for this. I'm just not capable of entertaining the gloating over populist destruction at this time. Perhaps in six months or a few years I will be able to forgive what they have done.

For context, I'm libertarian. I own a compact tractor and burn cordwood for primary heat. I find much of the overbearing "woke mob" tedious, and internally roll my eyes when I hear things like parents talking about how their kid is trying out a new pronoun every week. But the left would never have been capable of damaging the very bedrock of our society the way that so-called conservatives throwing their own principles into the trash has.


You may be among the extremely tiny minority of sane people left in this country.


Thank you. I try. It certainly doesn't feel like I'm sane, especially this week.

I had a realization yesterday. This is just like someone close to you dying. The sudden unassailable loss. Walking around in a dazed brain fog going through the motions and not even knowing why. Things are now just different, and will never go back to how they were. But it made me realize that I myself will recover in spite of that, and this put me more at peace.


Trump AG hopeful says he wants to drag Democrats’ ‘political dead bodies through the streets and burn them’

https://www.independent.co.uk/news/world/americas/us-politic...


> now see this as not disagreements, but a religious war

Your mind is detaching from reality.

MAGA policies directly hurt some people. Let me say that again. MAGA policies DIRECTLY hurt some people.

They're not being your friend because you're conservative, it's because you're supporting policies that will hurt them. Would you be friends with someone who hurts you?

For example, I am a gay man. Conservatives across the country have been trying to undo protections around PrEP under the guise of religious freedom. The true motivation is inciting another HIV epidemic.

I take PrEP. I don't want HIV. I don't want my friends to get HIV. If you vote for these people, you are directly contributing to bodily harm to me and my community. I cannot support you, because that would be self-destructive.

But that's just me. Now look at abortion - many women know people or have themselves, required an abortion. Many have brushed with death. What conservatives propose will DIRECTLY harm them. Trump plans to chase people leaving states for abortions - this will actually, tangibly, directly, harm people!

You don't see this from "trump fans" onto liberals because the left does not propose any policies that will hurt them. If Kamala would've won, nothing bad would happen to conservatives. If we believe Trump, which I do and you should as well, then MANY bad things will happen to leftists. That's the difference.


> MAGA policies directly hurt some people

This is it.

Liberals aren't "offended" by Trump. Liberals don't have a problem with the "way he expresses himself." The problem is with his governance and policies that do real damage to people we care about.

The reason you don't see conservatives being similarly alarmed by liberal policies is because liberal policies don't hurt people.

To saying nothing of what he's done to American democracy. Before the election, there was plenty of hoopla about another stolen election. Then, when Trump won, suddenly that disappeared. What about the mailman carrying hundreds of ballots? Oh, I guess he's okay now. This exposes the hypocrisy at the core of Trump ideology: our election system is horribly broken except when Trump wins. That's not how democracy works and taking that attitude should be immediately disqualifying.


You're saying it right now. The majority don't believe any of that about Trump.


> The majority don't believe any of that about Trump.

No, the majority accept that those are attributes of Trump, and many people positively enjoy them.


I'm saying it about Trump, yes.

Also the majority do believe it about Trump, but they hand wave it away, or just don't care. And, in a minority of cases, they agree and enjoy being able to openly flaunt it. It's no coincidence that I see Confederate and Trump flags on the same properties.

Not too different than the Germans who voted for Hitler -- though in fairness to them, Hitler seemed pretty normal when he was elected, so you can forgive them for not knowing (and once knowing, it was too late). We already know what Trump is, so what's the excuse now?


I also remember her endorsing an unrealized capital gains tax! The stupidest thing I've ever heard. "Hi, government here! We're going to have to ask you to (if necessary) sell this farm/land/house/boat so you can pay us 10% of its value this year. They tried to pretend this would "only" be for people worth over $100M but we know that line would start to come down especially once they noticed how little money that version would bring in, since people with that much money are the same set of people who can afford expensive lawyers to shelter their income and assets.

This destructive policy was the final straw and prevented me from voting for Harris. (I also didn't vote for Trump).


Property taxes work like that. People sometimes sell houses because they can't afford their property taxes when their assets increase in value substantially. Not saying I agree with that or not, but it is reality today.


It is both factually right (let's face it, the vast majority of trump voters fit that description to a T), and supremely stupid as a campaign strategy (you have to inspire people to vote in you, if the other guy does it better you fail, no matter how low his rethoric).


> the vast majority of trump voters fit that description to a T

This fits the Kamala voters well too, but a citation that doesn't exist is probably needed.

> you have to inspire people to vote in you, if the other guy does it better you fail, no matter how low his rethoric

Agreed here.

8 out of 10 people on both sides wouldn't know what happens to the price of a bond when it's yield increases/decreases, let alone what happens to the price of a consumer product when tariffs are attached to it.

My theory is that this election was won through a combination of economic timing due to COVID/inflation, and the left providing perpetual unhinged social media material.


> This fits the Kamala voters well too

It does!

> and the left providing perpetual unhinged social media material

Well the right also provided such an uninterrupted stream of unhinged material, so


And this time they lost the meme war. Apparently it's time to come up with new material.


>It is both factually right (let's face it, the vast majority of trump voters fit that description to a T)

Thank you for your kind words. Don't you think you're generalizing a VERY big group a bit too much?


Isn't it amazing?

"Chat, is this real?"


Lenin did pretty good with "Peace, Land, Bread"


At least Lenin was actually trying to give people peace, land and bread, and was arguably a real step up from the Czarist regime, until Stalin came along after Lenin's death. Trump's actions and words have made it abundantly clear he only cares about himself, not the American people.


Note that intelligence is normally distributed.


Actually, its not. IQ is normally distributed because it is a statistic explicitly transformed to be normally distributed with respect to the population.

But intelligence itself is more like exponentially distributed. Think of a chess grandmaster versus a range of people of various ability. What does the distribution of winning odds look like?


Normal distribution has an exponential term in it. Your intuition is mostly correct for the >100 part of IQ but thats totally in line with it being normally distributed.

Intelligence is not exponentially distributed. That would mean that the density is monotonically decreasing which its not. There are more “average people” than extremely low intelligence ones.


No, you are missing the point. The point is the scaling is all wrong. The IQ distribution, normally distributed by design, is what people think of when talking about intelligence. But it does not give proper intuition as there is no evidence that _intelligence itself_ is normally distributed.

More concretely, someone with 140 IQ is not 40% more intelligent than someone with 100 IQ. It would be more correct to say that 140 IQ person is orders of magnitude more intelligent than the average person.

Perhaps a better analogy is the decibel scale. 100 dB vs 110 dB is only a difference of 10% on the scale, but in actually represents an order of magnitude change. A similar effect goes on with intelligence and how we measure it.


Take height for example, which largely follows a normal distribution. The 7 ft tall person can reach items on the shelf that are simply inaccessible to someone who is 5ft tall. This represents an infinite difference in "raw capability" yet the underlying distribution is still normal.


Height may be normally distributed but that doesnt mean intelligence is. IQ is normally distributed because its transformed to be so; similarly, "being able to reach things" is not a natural transformation with sufficient explanatory power of what could be considered the "underlying distribution". Like IQ its a transformation of height.

If you look at any intellectual skill or ability, the most raw and natural measuremnt is not normal. Going back to chess, if you look at ELO, you might be persuaded that chess ability is normally distributed. But thats wrong because ELO, like decibel, is a log transformation of the underlying measurement. We take logarithms when the the raw thing we are looking is so variable it spans orders of magnitude. So in reality the underlying distribution of chess ability is extremely skewed with a heavy right tail. It spans orders of magnitude.


I think the mistake you are making is transforming the distribution to another one and drawing conclusions from that. For instance, the win rate in the shelf reaching game becomes a Dirac delta function at the right tail of the normal distribution.


I think either you are not reading my post or I'm not explaining myself well.

What Ive been trying to do is make the argument why an exponential-like distribution is a more natural representation of intelligence and therefore what the "underlying distribution" looks like.

Clearly, a delta function against a shelf game is not a natural or useful representation of height so I think that counterpoint to your argument is obvious.

According to you, what is the underlying distribution of intelligence and why?


>> According to you, what is the underlying distribution of intelligence and why

I think intelligence is normally distributed, like all other human characteristics. When transformed to win rates based on intelligence that becomes a different distribution. Your argument is centered on the 2nd distribution.


> I think intelligence is normally distributed, like all other human characteristics.

My question was why do you say it is normally distributed? where is your evidence?

> When transformed to win rates based on intelligence that becomes a different distribution.

You dont have to look at just competition, but other mental skills too. Most any application of intelligence is not normally dostributed. Why is this fact not a natural reflection of the underlying distribution?

I am struggling to see any support for your position. Help me out.


>> What does the distribution of winning odds look like?

This is effectively casting the distribution into a different space. Taking the right tail of a normal distribution and applying a test on it converts it to a Dirac delta distribution.


That's my point! By talking about how great they are doing on inflation, the DNC campaign was LOSING votes because people experience prices which don't go down when inflation is "normal".


They lost because they forgot about wages and retirement savings.

Inflation was uneven. It impacted prices but not wages or savings. It reduced citizen wealth directly and transferred it to corporations and the already wealthy.

They wanted to publicize the problem but not actually take the cure. Now they have zero mandate in any institution. That's what selling out your base gets you.


One factor that is invisible to most posters here is that SNAP (food stamps) are adjusted for inflation each year in October. This year, using official government figures, SNAP benefits were increased by a maximum of one dollar per person. They might as well have left them the same as last year but instead went with the insultingly low one dollar increase. SNAP recipients, who are traditionally much more likely to vote for Democrats, saw that as a middle finger to them and their food security needs. It's like leaving a dime as a tip instead of leaving nothing. To them, it was a sign of contempt.

Most of Hacker News doesn't run in social circles where people are clipping coupons and going to several different stores to shop the best deals just so they can afford to eat that month, but for nearly forty million Americans who receive SNAP benefits (read that number again and let it really sink in), that's their reality. The administration looked either out of touch or even spiteful by doing a one dollar benefits increase to account for the past twelve months of inflation. I'm sure there are plenty of other similar things that are hurting the working poor that are invisible to those spewing scorn at voters who weren't concerned more about wars around the world and luxury beliefs.

No one I've pointed this out to has been able to empathize with these people yet, most coming up with glib replies about how everything for those voters will be even worse now that the other candidate won. Until they can understand the plight of the people who received that one dollar increase and why it was so psychologically devastating to them the month before the election, they'll never understand why their candidate lost. Instead they'll keep pointing to GDP, the low employment numbers made possible by people working multiple jobs to survive, and how great things are for the wealthy instead of trying to actually get in touch with the daily lives of those they rarely interact with. Maybe insulting these people and calling them stupid and evil a few more times will be what finally makes them forget about their food insecurity.


A change to SNAP benefits beyond the statutory amount referenced in the TFP would require legislative action. Both increases in existing benefits and an extension of the temporary benefits that had been in place were champion by many Democrats, but ultimately died through lack of bipartisan support as such I don’t think we can lay the blame for this particular government failure at the feet of the outgoing administration. It was this fight and others like it that the GOP saw as strategically important to regaining executive power.


I get how obviously the GOP was incentivized to block that, but be all that as it may, if the Democrats can't get it done with the power they already have, including the power of the bully pulpit and all legislative horse trading they could have engaged in, they should be completely unsurprised if the people who got burned as a result are loath to give them any additional power.

Honestly even though I disagree with the TrumpGOP 70% of the time, I'm actually kind of happy to see them control the whole thing, at least we can now put a bunch of right-wing ideas to the test rather than just have a big political wrestling match that usually ends in a draw, like we have for most of the past 3 presidencies. The thing is, without the government trying to destroy itself with infighting, right-wing ideas at least have some upsides, such as lower taxes. We have mostly seen the worst of both sides' ideas with few of the gains due to sabotage being so common.


Republicans had exactly this chance in 2016, and showed that their policies are just a bunch of hot air. The border? chaos. Repealing Obamacare? They were caught completely flat-footed and had nothing to offer. Cutting government costs? the debt and deficit grew each year of Trump's first presidency. Shrinking government? Yes, some departments were crippled, and regulations intended to protect consumers and the environment were weakened or reversed; but new regulations were also passed, many of them that benefit business at the expense of employees, consumers, and/or the general public.

Republicans have shown they can't govern. The House has been in complete disarray for the last 4 years, with constant in-fighting among the GOP and just trying to keep the government funded and running. Republicans are constantly flipping on criticizing Trump and fawning over him, depending on which way the wind blows.

It's shocking that so many people prefer a bully-rapist-fraud-felon with "a concept of a plan" who has openly talked multiple times about suspending the Constitution and rights of Americans, over almost any other alternative.


During the first 2 years of 45, the courts were firmly held by anti-Trump, Dem-friendly judges. Lots of stuff Trump tried to do, his campaign promises, were beat back instantly by the courts. Therefore little got done and then 2018 elections took away the ability for Republican (or any other) legislation to be passed due to a split government.

Again I don’t even agree with a lot of Trump stuff - or for instance TCJA which was total BS and raised my taxes. But again, Democrats have done nothing for me when they had power either. Where are healthcare improvements? Where is a better tax cut that actually hits the middle or even lowest earners? They couldn’t get it done because they suck at both convincing enough people to vote for them to get 60 votes in the Senate, and they suck at horse-trading to get the important things.


As a non-US citizen, I find it shocking that such a high number of US citizens need to live on food stamps, so I checked the numbers.

Indeed, it's 41.2 million out of a total of 334.9 million U.S.-Americans, or 12.3 % or more than one in ten folks - that this is more than one in hundred suprised me because the US are by some counts the "richest" country on the planet.

It's merely the country with the richest few, perhaps this calculation is just a way to show statistically what many believed all along, namely that the so-called "American dream" is a pipe dream for most, in the sense that the majority of people simply fund a tiny fews success in the way lottery ticket buyers fund a few select millionaires that don't deserve it.


Many corporations pay so low that people have to be on assistance even though they are gainfully employed. Thus, corporations off-load their costs onto the American taxpayer. This is also true for some people in the US military.


https://www.fns.usda.gov/yearly-trends https://fns-prod.azureedge.us/sites/default/files/resource-f...

Here are the yearly trends showing food stamps from 1985 to 2020, I don't know why 21, 22 and 23 data is not shown.

Since the 1985 until 2008, the number of people on benefits stayed roughly around 25 million. In the same time period, US population grew from 220M to 300M, roughly 1% every year.

From 2008 to 2013, the number of people on SNAP roughly doubled to peak at 47.54M people. Population growth was 300M to 315M.

2019 was the lowest point in recent history of only 35.29M people on SNAP, with population growth from 315M to 330M.

I averaged the monthly data from 2021 onward and got 2021: 41.6M, 2022: 41.2M, 2023: 42.1 and 2024 through July: 41.6M

For a long time, poverty in the US was shrinking as a percent of the population. 2008 reversed that trend with things starting to get better after 2013 and really accelerating up until 2019. It's been flat since the post Covid growth.

So everyone saying; "economy is back to normal, we have recovered." there have been 5M people who don't feel it.


You've got the wrong link I think, that's showing data from 2020 to 2024.


There were two links, I just failed at proper formatting:

1985 to 2020: https://www.fns.usda.gov/yearly-trends

2021, 2022, 2023 & 2024: https://fns-prod.azureedge.us/sites/default/files/resource-f...


“Number of Americans on food stamps” doesn’t mean much. It tapers off pretty quickly, and you get something like $5.31 a month. Many people who qualify don’t bother.

Food stamps was historically a subsidy for farmers as much as a welfare program. I read something about that changing, but don’t know the details.

But I qualified for food stamps long after I was making good money.


During the great depression all government benefits had a work requirement with very few exceptions such as physical disability. Once that work requirement was removed, many take the path of just getting by on minimum benefits and not working.


In case anyone is curious, the $1 is the increase in the maximum SNAP benefit per month for an individual, from $291/month to $292/month. (The increases for larger households are similarly small.)

This is not the actual increase of the benefit amount. In particular, it appears the cost of living adjustment this year is 2.5%. I have been unable to find statistics on how many people/households actually receive the maximum amount, but I don't have a particular reason to believe it is large. (The average benefit amounts are significantly below the maxima.)

Tldr: the average SNAP benefit amount received by people has increased and will increase by significantly more than $1/month.


Did they pick $1? Isn’t it a math formula based on various consumer goods, which may it may not be right.


Someone decided that going through with an obviously insultingly low $1 increase was a good idea.


As someone who has worked with the US government I doubt that person had a choice.

The calculation of benefits is required by law/regulation. The government can’t just say “yeah this is small, let’s skip it this year”.


to play devils advocate, if that person had decided to go with $0 instead that there would be equally bad headlines/interpretations of "Instead of allocating the formulaic $1 we are entitled to inline with all other changes over X years, they squandered it on Y"?


I think many people would see no increase and assume there was some special mechanism needed to enact increases which hadn't happened in that particular year. Whereas a $1 increase clearly says "someone evaluated this and adjusted it up only $1". The analogy of a 10 cent tip vs. not tipping is a good one; the person who doesn't tip for a full meal is being a cheap asshole, but the person who leaves 10 cents is being a mean-spirited cheap asshole.


>No one I've pointed this out to has been able to empathize with these people yet, most coming up with glib replies about how everything for those voters will be even worse now that the other candidate won.

Right, because how do you empathize with someone who gets $1, and their response is: Oh yeah? Well fine then I'm going to vote for the person who wants to take away literally EVERYTHING to show you!

It is the definition of cutting off your head to spite your body.

I completely understand and empathize with someone on SNAP not getting what they need to cover the insane pricing increases we saw greedy corporations force upon all of us and wanting that rectified. But if your solution to that is to either not vote at all, or intentionally vote for the guy who has literally told you his plan is to gut all social services... I'm not sure what to tell you beyond whatever empathy I DID have for you is gone and enjoy sleeping in the bed you just made for yourself. I, and most of the folks on HN are going to be perfectly fine. Those folks that were on SNAP? Good luck...


> Right, because how do you empathize with someone who gets $1, and their response is: Oh yeah? Well fine then I'm going to vote for the person who wants to take away literally EVERYTHING to show you!

Consider how the program actually works. You have a job and pay taxes, but don't make much money, so the government takes the taxes you paid and gives them back to you. But you have to apply for the program, and then spend the money (which was originally yours) on only the things they tell you to. And there is more than one assistance program so you have to apply to them each individually. Then each of the programs have their own phase outs if you make more money, but the phase out rates combine to a very high de facto marginal tax rate, which means if you're still struggling you can't get out of it by working some extra hours because that just causes you to lose your benefits. It's a poverty trap.

Then prices go up by 20% or more, but you still can't make any more money or you lose your benefits. In response your benefits are increased by one dollar.

Are people even wrong to want to blow all of that up and replace it with a tax credit?


>Then prices go up by 20% or more

Going to chime in here hopefully to give better context than "a carton of eggs is up 10%!" or whatever.

The average price of a gallon of gas in 2018 was ~$2.72, peak was $2.92 in May.

The average price of a gallon of gas in 2022 was ~$3.95, peak was $5.01 in June.

So that's an increase in average price of about 45% between the midpoints of Trump and Biden, and an eyewatering 71% in peak increases. Obama 2014 was ~$3.37 average and $3.70 peak in June, for further comparison. Trump's economy was objectively and factually easier to live in.

A 45% increase for a good necessary for daily life is going to hurt no matter what, let alone 71%. All else being equal it's thrown around as a meme that incumbent presidents and parties live and die by the gas price index, but there's a reason for that.

Anecdata, I'm decidedly middle class. I can afford luxuries reasonably if I want to, and objectively I can tolerate increasing costs of living fine (for now). That said though, even I feel a bit of discomfort buying mundane groceries because they definitely feel like they should be cheaper. It's even worse for mundane luxuries like beer, I can't really complain about a luxury good being expensive but at the same time it still feels too expensive anyway.

Don't get me started on gas prices, where I'm at they're ~$4.00 per gallon today and were up to ~$5.00 at some points during Biden. It was ~$2.00 during Trump. That's a 100% increase or more, you can't pay me to say that doesn't hurt even if I can still afford it.

That feeling of discomfort and pain isn't nice and I don't blame a voter if they cast a single issue vote on it.


We had near 0% inflation for more than a decade. Average all those consumer staples price increase across 15 years and it's still modest inflation that was weoponized, both by the GOP and also the news media (because ratings.)


Normal inflation is wages and prices both going up by a couple of percent a year, which is fine. 20%+ abrupt increase in prices without a corresponding increase in wages, not fine.


You realize that federal governments, Democrat or otherwise, have little to do with the price of gas, right?

(Thus the low comprehension level of many voters.)

I have no problem with people voting GOP, and am happy to debate Democrat vs Republican policies and economic impact, etc. Republicans certainly do some things better than Democrats. But this wasn't about policy. If Americans have so little values, and are so gullible, that they are willing to sell out to a man who is literally a despicable self-serving despot (the only reason he's not as bad as Putin or Xi is because he's restrained by the Constitutional structure), for a promise of cheap gas that Trump can't even fulfill (it may happen, but it won't be because of Trump, just like the price of gas going up in 2022 had nothing to do with Biden), well, that's a very sad statement about a large segment of the American people.


>You realize that federal governments, Democrat or otherwise, have little to do with the price of gas, right?

Indeed, the economy is practically a force of nature with countless levers and the federal government can only influence a small handful of them.

That said, when Trump argues "Drill, baby, drill!" and Biden and Harris shut down oil production and transport in the name of environmentalism, guess how that affects gas prices and the broader cost of living at large.

Not to mention America failing to police the world and maintain or establish peace will lead to higher costs of living. Note that Obama literally said on the record that America is no longer the world police, and Biden and Harris are more of that.

Democrat policies are not conducive to a better economy for the common man, and arguing that the stock market is at all time highs or the prime rate is coming down merely signals a harsh detachment from reality on the ground.


> America failing to police the world will lead to higher costs of living.

I don’t know what facts you’re basing this on but the US military action abroad is not correlated with higher standard of living in the US. In fact one could argue the opposite, but they’re not really interconnected.

> Drill baby drill

High oil prices are not because we’re not drilling enough. Oil production in the US is at an all time high and was higher under Biden than under Trump. (Not that I think it’s a good thing).

You need to reevaluate your news sources or do more research before you determine which set of policies are better for the common man as you put it.


>I don’t know what facts you’re basing this on but the US military action abroad is not correlated with higher standard of living in the US.

Wars lead to disturbed movement of people and goods, massive loss of lives, destruction of goods, destruction of infrastructure, destruction of production, and more. Wars are great for the military industrial complex and even moreso if you never have to take lead yourself, but it's hell for everyone else.

Pax Americana, the era in which we all live in today, is predicated on the US policing the world and maintaining or establishing the peace for everyone's (and chiefly the US's) benefit. The means can be either Soft Diplomacy or Bigger Gun Diplomacy, but regardless every single administration in recent history with the exception of Trump's first term has been a disaster for world peace and thus better economies and happier lives American or otherwise.

>High oil prices are not because we’re not drilling enough.

High oil prices are because we let OPEC strangle us all by our balls. Anyone paying even the slightest of attention to how oil pricing works will know that OPEC decides the price they want and then adjusts the production/supply to get it.

If we "drill, baby, drill" harder and harder then OPEC will be forced to produce less to maintain the price until they can't, at which point oil prices will come down until right before we also start bleeding red ink. We can crash that price even harder with government action to compensate the bleeding, too. Don't believe me? It's literally what China does with practically everything.

So I am going to sharply disagree with you: High oil prices are because we're not drilling enough. If Biden's actually drilling more oil than Trump, that just means Trump needs to drill even harder.


I think you need to update your understanding of the world. This reads like something from the 1980s.

The US has been a _net exporter_ of oil for some years, and we don't depend on OPEC and haven't in some time. (The only reason we import oil is because it's cheaper to import some oil and sell our oil at a higher price.) Very little of our oil comes from OPEC. We get 4x more oil from Canada than we do from OPEC.

War is hell, and on that I can agree with you. But "Pax Americana" hasn't been around for a long time, and especially not since we invaded Iraq and Afghanistan. In fact, all the wars that we've been engaged in for decades now have been wars that we started. We're just not good at "establishing the peace" and we haven't been since the 1950s, or if you want to argue that we provided a "bulwark against communism" in the 70s and 80s, which has some merit except that communism failed because of economics not our global policing, then we haven't been "establishing the peace" since the fall of the USSR in 1991.


If only there were people who wanted to raise minimum wage…


This raises the lowest rung on the ladder, reduces the set of contracts that adults may consider or consent to, and can eliminate entire jobs and threaten entire sectors such as the old apprentice mechanic / gas station attendant and now fast food.


And higher income can lead to increased spending on businesses that are paying their employees more. I’m not saying it’s a silver bullet but you can poke holes in anything. The point is, one party is proposing “something” and not just posturing.

The cost of ingredients for a burger doesn’t radically change if a burger flipper gets paid more and the price of the burger isn’t going up drastically either.

Clearly companies with billion dollar market caps can also be held to higher standards because no one is going to pay more than they are required for labor. Maybe the minimum wage is a percentage of the business total profits and minimum wage at $7.25 is just the floor?

A lot of wealth is locked up in the wealthiest people which could be circulating in the economy instead of being in a Swiss bank account.

There are multiple layers, multiple solutions instead of hoping wealth trickles down. Poverty wasn’t solved under the last Trump administration as I recall nor do I expect it in the upcoming one.


> And higher income can lead to increased spending on businesses that are paying their employees more.

> The cost of ingredients for a burger doesn’t radically change if a burger flipper gets paid more and the price of the burger isn’t going up drastically either.

These things are two sides of the same coin. The increase in wages is the same as the increase in costs, so if one of them is small then so is the other one and if one of them is large then so is the other one.

> Clearly companies with billion dollar market caps can also be held to higher standards because no one is going to pay more than they are required for labor. Maybe the minimum wage is a percentage of the business total profits and minimum wage at $7.25 is just the floor?

This is only less of a bad idea because the bad idea then applies to fewer businesses. Also, the billion dollar market cap companies would then just contract it out.

> A lot of wealth is locked up in the wealthiest people which could be circulating in the economy instead of being in a Swiss bank account.

That's not real wealth. That's just money. Money is numbers in a computer. Taking non-circulating money and putting it into circulation has the same inflationary effect as printing it. Whereas leaving it non-circulating doesn't consume any real resources (land, labor, etc.) because it's just bits.

However, most rich people don't store their "wealth" as cash money anyway, they buy stocks and things, which in turn puts the money in the hands of businesses to use to hire employees etc. That money isn't non-circulating and what you're doing then is reallocating resources from something else.

You're trying to solve the problem that people aren't being paid enough by passing a law that literally says they have to be paid more. It's like passing a law that literally says housing prices have to be low. That's a dumb law. You can't just magic up a change in labor demand or housing supply. You need to figure out why wages are low or housing prices are high and do something about that.


I’m hearing a lot of hole poking and not a lot of solutions. If everything I’ve said is wrong then what do you believe is right?

Genuinely, if you have something to teach I’m all ears for my personal betterment.

How do we ensure everyone gets a livable wage without redistributing the wealth of the rich, mandating a higher minimum wage, or increasing inflation and since you mentioned housing, make that affordable without gutting the value of existing housing which will make existing home owners upset.

If the answer is tax cuts for the rich “job creators” so they might spend some of the savings on employees instead of pocketing it, we’ve had decades for that to work.

> You're trying to solve the problem that people aren't being paid enough by passing a law that literally says they have to be paid more

If a company is profitable and chooses not to share their profitability with their employees then I have no qualms with this anymore than I do with the current minimum wage law, which was created for a reason and the world did not burn down as a result.

Businesses are more profitable than ever, employees more productive than ever, they had their chance to do this on their own and avoid gov interference and they blew it. We can argue the details of that intervention but the market isn’t going to correct this.

> These things are two sides of the same coin. The increase in wages is the same as the increase in costs, so if one of them is small then so is the other one and if one of them is large then so is the other one.

It’s not 1/1 increase and labor is not the only cost. If 5 employees make an extra $1 the price of a burger doesn’t go up $5.

If 5 employees build a million dollar house the cost of the house doesn’t go up if they get paid $7 extra because the cost is tied up in material/licenses/etc, not labor.


> How do we ensure everyone gets a livable wage without redistributing the wealth of the rich, mandating a higher minimum wage, or increasing inflation and since you mentioned housing,

> If the answer is tax cuts for the rich “job creators” so they might spend some of the savings on employees instead of pocketing it, we’ve had decades for that to work.

The way "supply side economics" is supposed to work is that you lower barriers to entry and operating costs (i.e. simplify regulations and lower taxes) to make it easier for more companies enter the market, so you get more competition and competition reduces the share of prices that go to investors instead of employees or customers. This is basically right, if you actually do it.

So we've had decades for this to work, right? Here's federal receipts as a percent of GDP:

https://fred.stlouisfed.org/series/FYFRGDA188S

You can clearly see the point where we significantly lowered taxes to see what would happen, which is nowhere. 2016 was nearly the first time we tried lowering taxes at all outside of a recession, even that was by less than 2%, and that experiment got stuffed up by COVID.

I leave it as an exercise for the reader to count the number of pages in the US Code or CFR by year and look for a trend.

Okay, so if we actually tried those things for once we might get more competition, which could be good.

The opposite of this is, of course, less competition. Zoning rules that inhibit construction of higher density housing, certificate of need laws in healthcare, corporate mergers that ought to be antitrust violations, etc. That is what we've actually been doing, and therefore what we need to stop.

> make that affordable without gutting the value of existing housing which will make existing home owners upset.

"Make housing prices go down without making housing prices go down" is not a thing. The closest you get is to make real (i.e. inflation-adjusted) housing prices go down while nominal housing prices stay the same, by keeping nominal housing prices from increasing (e.g. by building a lot of new housing) while wages and the prices of everything else increase. This might even satisfy existing homeowners, because then the price of their existing house doesn't go down relative to their existing mortgage.

Which is approximately what you get if you just build a ton of new housing until housing prices go down, then lower interest rates or otherwise create new money as that happens, which causes the nominal housing prices to maintain their current level while wages and other prices go up.

The real key for getting this to work is to make sure that the "inflation" also applies to wages, which for the last few years it hasn't, which is why everybody is so upset. If you make $110 and spend $100 and then in a few years you make $130 and spend $120, not a big deal. If you now have to spend $120 but still only make $110, huge problem. But this is the thing where market consolidation enables rent extraction; you have to enforce antitrust laws and prevent regulatory capture to prevent that from happening.

> If a company is profitable and chooses not to share their profitability with their employees then I have no qualms with this

Companies don't pay people more than they have to just as employees don't take lower paying jobs when higher paying ones are available.

If corporate profits are high, that's a sign that some kind of regulatory capture is happening or antitrust enforcement is necessary, because otherwise smaller competitors would use some of their profits to gain market share by lowering prices. Instead of trying to order them to pay more, figure out why that market is broken when it should be forcing them to charge less.

> It’s not 1/1 increase and labor is not the only cost. If 5 employees make an extra $1 the price of a burger doesn’t go up $5.

It's a 1/1 increase, you're just implying that it would take five employees an hour to make one burger. If five employees each make $1/hour more then that restaurant has to cover an additional cost of $5/hour, not $5/burger. But that whole $5 is coming from somewhere, and restaurants are notoriously competitive businesses, so that somewhere is liable to be from customers.

> If 5 employees build a million dollar house the cost of the house doesn’t go up if they get paid $7 extra because the cost is tied up in material/licenses/etc, not labor.

I suspect you're underestimating the proportion of construction costs that go to labor. "Materials" is also an input that has labor costs baked into it. You're buying "lumber" but what you're really doing is paying a lumberjack to fell trees and a sawmill operator to cut them and a truck driver to transport them and a clerk at the hardware store to ring them up etc.

What you really want to do is not to increase the cost of labor but to reduce the proportion of wages going to rents. The largest categories of these rents are actual rents (i.e. landlords/housing costs), high healthcare costs largely as a result of regulatory capture, and tax dollars spent on inefficient or corrupt government programs. Stop wasting money on those things -- we're talking trillions of dollars here -- and you get to put the money in your pocket.


I upvoted you for taking the time to answer me. Thank you

> It's a 1/1 increase, you're just implying that it would take five employees an hour to make one burger. If five employees each make $1/hour more then that restaurant has to cover an additional cost of $5/hour, not $5/burger. But that whole $5 is coming from somewhere, and restaurants are notoriously competitive businesses, so that somewhere is liable to be from customers.

I don’t mean to drag this on, I just want to end saying I’m not implying 5 people are needed to make a burger. I’m saying that increasing wages for 5 employees by a $1 doesn’t increase the cost of an individual good (burger) sold to customers by $5 so the burden to the customer to support this new paradigm is negligible, especially at the volume of goods being sold. It is not a death knell to the business as it is sometimes painted.

Yes the 5$ is made up somewhere, either in cutting costs elsewhere, increasing sales or increasing prices. They may already be making numbers that would support an increased wage without any changes to those things.

I accept that you may still disagree with me but I wanted to make my position clear.


> If they sell enough burgers at the same price and manage to cover their increased wage then that also works and doesn’t impact the customer at all. They may have already be producing those numbers but haven’t seen an increase in wage just because they’re looked down on as less deserving of compensation than people who went to college.

Restaurants are highly competitive. A fast food restaurant generally has ~25% of the price as direct labor costs and ~3% of the price as profit margin.

> I’m saying that increasing wages for 5 employees by a $1 doesn’t increase the cost of an individual good (burger) sold to customers by $5 so the burden to the customer to support this new paradigm is negligible, especially at the volume of food being sold. Yes the 5$ is made up somewhere but it’s spread out across multiple goods sold to multiple customers that share only small fraction of the burden for supporting that change. I don’t know how to state it more clearly than that.

Oh certainly, but then the spreading out comes back in again. You pass a law that requires the average wage to increase by 10%, so the price of the average item doesn't increase by $5 (i.e. 100%), it increases by ~10%. But then it's not just the burger that goes up by 10%, it's everything (on average).

Now, this result is not going to be uniform, but that's another problem in itself. For the average wage to increase by 10%, the wages of people who actually make minimum wage might have to go up by 100%, because there aren't that many of them. For them -- at least the ones who don't lose their jobs as a result -- the 10% is smaller.

But the other population for which the hit is smaller is the very rich, because they spend a lower proportion of their income. The CEO who makes 1000 times minimum wage is paying the same $5 for a burger as anyone else, so the 5% increase is a 0.005% increase in spending to them. Even if they buy a fancy burger for $100, 5% of that is still only equivalent to 0.1% for the person making minimum wage.

So if the hit is less to the very rich and less to the people making minimum wage (if they don't lose their jobs), where does the rest of the money come from? Oof, the middle class. They pay the higher prices and spend ~all of their income but don't get any of the money. And the goal is supposed to be to benefit the poor at the expense of the rich, not to hollow out the middle, right?


> If only there were people who wanted to raise minimum wage…

So you raise the minimum wage but keep the crazy high effective marginal tax rate? Then the benefits phase out eats the extra money the same as it would if they were working extra hours.

Also, hardly anybody actually makes the minimum wage. If your problem is you make $20/hour but that's not enough to afford housing, raising the minimum wage to $15/hour doesn't get you a raise and only makes the things you buy cost more. If you tried to use a $40/hour minimum wage you would get high unemployment and stagflation.

Minimum wage laws are broken technology. They do more harm than good and most of the studies "in favor" of them are really only claiming that they don't hurt that much, and those studies are performed in contexts where the minimum wage is quite low. Somewhat obviously, if the median wage is $18/hour and less than 1% of people make less than $4/hour and then you ban paying less than $4/hour, there is no major effect and therefore no major harm. That doesn't at all imply that banning anyone from paying less than $40/hour is going to be equally harmless.


When your life is a constant struggle for survival/constant crysis you react you don't think. We don't typically blame someone for responding/reacting out of a place of crysis. Unless, apparently, you are a Democrat blaming the poor/working class for not embracing the party line of things are great just look at this economic report versus the guy who at least heard them (even if just to redirect/leverage their suffering into blaming out groups to gain himself power).

BTW empathy is when you can feel for those you don't relate to/have attachment to. Empathy is when you make a genuine effort to understand and connect, even across differences. It's not a concept only for people you already relate to.


> Well fine then I'm going to vote for the person who wants to take away literally EVERYTHING to show you!

Or you can be a D-leaning voter who sees D only rising to the level of a less-awful version of putting rich people before you, and you want to discipline D for taking all the D-leaning votes for granted, rather than earning them by being effective on your behalf.

Or you can be an R-leaning voter who sees both R and D as putting rich people before them, and then D goes and adds insult to injury with some stunt, but at least this one R candidate sounds like they might make things better. (Helped along by a lot of disinformation, as well as being alienated by D voters in general. You see many D voters as a bunch of elitists who're benefiting more than you, and are screwing you, while they pick causes or other people to favor that you think are stupid and unfair.)

Years ago, I was horrified, the first time I heard a D-leaning college student tell me they weren't voting D, to discipline D, in a very important election. My first thought was that this sounded like some revolutionary-till-graduation thing, which probably sounded better in their head, but now I sorta see.

Having seen a few elections and administrations since then, with D consistently seeming not to earn the votes of people, I've come around to understanding, even if I don't full agree. If many people either go out of their way to discipline D, or simply can't be bothered to go to the polls, IMHO, it's hard to blame them.

A bit similar with R voters.

We're all being served poop sandwiches, who aren't working for us, and we are desperate or depleted.


Yeah, what exactly are we supposed to do or feel about people who absolutely refuse to vote or act in their own best self-interest, and instead do the opposite, acting self-destructively? The best thing to do with them is to get away from them, because their self-destructive actions could easily affect you too.


You care harder, because thats the only way to ever win them back. It rarely works, but the hate route never does.

If people never have a shot at redemption, why would they ever try to redeem themselves?


The entire point of empathy is making a genuine effort to understand and connect, even across differences. I don't think it is what you seem to think it is, reserved only for people you already relate to/understand.


But when "getting away from them" actually means belittling them, berating them, while cuddling with the corporations that exploit them ("you" doesn't mean you personally here, of course), you're not actually away from them. You're in their face 24/7, increasing resentment. And if you take their taxes, the value their work produces, or the fear of unemployment their unemployment keeps alive, respectively, while also talking down to them in their absence to an echo chamber, you are so not ignoring them.

And mind, the whole campaign was based on "Trump is worse". That is also hardly ignoring someone.


>But when "getting away from them" actually means belittling them

That's not what I meant by "getting away from them". It's just like Germany in the 1930s: the smart people got out and moved somewhere else before the SHTF. It's the same thing I did: I left the USA. I don't see things getting any better there in my lifetime, and I didn't want to be around the angry MAGA people, so I left.


To me the Holocaust is a gaping abyss in the history of Europe we still can't even fully fathom, much less process. The trauma from it, of the suffering, of the sheer vast absence, and even of the guilt, lingers on, shapes us today in ways we can't even fully see, much less escape.

I don't mean this as finger-wagging at you or anyone; it's so easy to tell people to stay and fight somewhere where you're not. The Nazis could have prevented early on, later on staying couldn't really change anything, it was just another life destroyed in the maw. So yes, good on those who got out. But also good on those who stayed and fought. Personally, as much as I would love to run away from my own country sometimes, I know that wherever I end in, I will have even less influence than here, as infinitely little influence as that may be. And wherever I'd end up, it would just be an even smaller ship in the same rough waters that seem to be engulfing the world.

In the case of the US, it's arguably the most powerful country that is still somewhat free. The Nazis were stopped in a world war, which they started with no real need. If they hadn't started the war, or if they had won it, or if there hadn't been any other power that isn't also totalitarian that could have conceivably challenged them -- as is the case with the US -- then they might still be in power.

It was close enough back then, if the US falls into that hole, with all the weapon and surveillance tech that exists today, I just don't see any "outside" that could help, or be safe. There could be countries poor enough in resources that get left alone long for me to get old in them, at best, but should I have children, they'd be be up for grabs by whatever is being cooked now. That's basically why I even care about US politics as non-American. When that particular tower falls, it might blot out the sun. If not forever, then for long enough that it simply must never be found out IMO.

Sorry I didn't mean to be this dark, but I mulled this stuff over so much, and this is what I think about it, what I can't help but think about it.


To be fair, I honestly don't believe the US is going to be a repeat of Nazi Germany, at all. I think it's going to resemble Argentina more. Nazi Germany was a warmongering, expansionist society that literally wanted to take over and annex eastern Europe as "lebensraum" ("living space") and turn its peoples into slaves. The MAGA US is much more isolationist; if anything, it's an echo of post-WWI US. So no, I don't think some kind of repeat of the Holocaust is coming (at least not in the US), just some really lousy economic times and a generally unpleasant society to live in (which, to me, it already has been for some time: mass shootings, political division, etc.).

I got tired of dealing with that, and found a society I enjoyed living in much more, so I found a job there and moved there. If someone wants to stay in the US and try to make it better, more power to them, and I hope they succeed. I'm not that young any more and just want to live in a nice place in relative peace, and the US was no longer that place (and, in my view, stopped being that place around 2000).


Tell that to the thousands of people dumped out of helicopters with CIA assistance.

https://en.wikipedia.org/wiki/Dirty_War


May I ask which place you choose? I'm not from the US, but I really would also love to find and live in a somewhat more friendly and "welcoming" society. :)


I moved to Tokyo, Japan. I'm not sure "welcoming" is the best descriptor for Japanese society, but "peaceful" is a pretty good description of the culture, unlike what I see in America these days.

If you're looking for a place where you can blend into the culture and easily make local friends, it's probably not a great choice, but I could say the same about many, many places (I frequently read articles about US expats complaining about this in western Europe, and frequently moving back), but if you can get a good job here and don't mind a degree of social isolation and can learn enough of the language to get by, I think it's a good choice. It's not an easy place to move to for westerners, however, by most accounts (for social reasons, not logistical/administrative ones). Personally, I didn't have too much trouble, but I know I'm not typical. If you're a tech worker (this is HN after all) and can get a good tech job here, it's really easy to move in, as far as the visa is concerned.


Thanks for taking the time to answer. I already thought about going to at least visit Japan, it sounds like a good place, maybe I'm going to visit and see if could think about living there permanently.


No one is touching welfare. It's a bedrock of Trumpism. Most of his base can't survive without it.


Who cares? It’s not like he can be re-elected again. This term will be about maximizing the grift and avoiding justice.


Well, he says with tongue only slightly in cheek, he can’t be elected again _as it is written_. I wonder if that survives the next four years?


> glib replies about how everything for those voters will be even worse now that the other candidate won

Here is something I saw on Bluesky, where all the good people are:

"To all the misgueded twits who ignored every red flag, caved to your worst selves, and bought into all of the most obvious of Trump's insane lies: Everything that happens from here on out. The family members you lose, the suffering, the confiscation of your freedoms of at the whim of your dictator. It's all on you. You can no longer falsely blame dems, antifa, lgbtq, or immigrants for everything you set into motion with your prejudice and cowardice"

It goes on like that, and ends with

"Hope it was all worth it, you hateful fuckwits. Enjoy the ride"

That's just the most widely shared and liked on I happened to be shown by Bluesky, I've seen this repeated in individual comments in many variations. Basically, "at least we'll burn together and it'll be your fault."

> they'll never understand why their candidate lost. Instead they'll keep pointing to GDP, the low employment numbers made possible by people working multiple jobs to survive, and how great things are for the wealthy instead of trying to actually get in touch with the daily lives of those they rarely interact with.

as Cenk Uygur said here https://www.youtube.com/watch?v=3j7m0tbZJgE

So she put out some good things in the beginning, and we were excited about it. She had some economic populist policies about housing and price gouging etc. [..] She then turns around and sends Mark Cuban all over CNBC to go, remember, I love business interests. [..] She's never going to do the price gouging plan. They swear up and down on CNBC and all over cable news. Well, then she lost her lead. Why do you think you're getting the lead, why do you think you lost the lead? No, they'll never figure it out.


While I agree with your overall comment, in that clip Cenk says that picking Tim Walz as VP was the obviously right thing to do.

I don't think that's as obvious as Cenk seems to believe it is.


Nearly 40M ? It was 41.8 million as of 2022.


The media wasn’t talking about that, it was repeating in a loop: “The economy will be better with Trump”, including the media in the far left.


I really think you need to recalibrate your political scale if you believe there is any “far left media” in the USA that has any kind of meaningful mainstream reach. It’s simply not the case.


I disagree. Online mainstream media seems to be operating like a polarizing algorithm, focusing on maximizing the engagement. And more traditional media is following that as well, since this is now the mainstream.


There’s no far left media in America?


So I'm in the Philippines. These things have far-reaching effects outside of the US because of the dollar. This is why Filipinos (and Latinos, and Muslims) love Trump. A female Filipino business owner gushed to me a few hours ago (awkward!) about how she's happy because now she'll be able to afford to fuel her car (gas/petrol is notoriously expensive in SE Asia for most people).

Point is, business, markets and consumers vote their interests. Look at Wall Street, Bitcoin, &c. in the hours leading up to the election.


Bitcoin is interesting. So far it had been responsible for a lot of waste of manufacturing mining equipment, completely unnecessary CO2 emissions, a lot of fraud and money laundering. And now we add to the record of Bitcoin some dark money donations from crypto companies to support Trump campaign. Without any way to track, if the funds were originally coming from Putin or not. Great.


I don't think the average voter even knows what a derivative is, sadly.


Half the population has an IQ below 100.

On another note: Winston Churchill: "...it has been said that democracy is the worst form of Government except all those other forms that have been tried from time to time..."

But I am increasingly of a mind that Churchill may be wrong: perhaps we should re-investigate alternatives to our current form of government and possibly to democracy itself - perhaps there is something better for us b/c today:

- We know more about ourselves (e.g., the IQ note, above),

- The rules have changed (e.g.,we have diluted the requirements to be a voter), and

- we now can simulate group behaviors based on large populations of different individuals.

I was recently surprised to learn what "sortition" is. This possible enhancement might have some beneficial value in reducing corruption but was apparently rejected by the USA's founding fathers. OTOH they weren't interested in building a democracy but wanted a republic instead, which requires an educated voting class, which we no longer have thanks to our changes in suffrage.

So, in a way, the Founding Fathers set up a system where most voters had higher-than-average IQ. Succeeding generations inherited that system and, among other things, diluted voter requirements. Now we are possibly paying a price for making changes. Perhaps we're moving in the direction of a literal idiocracy.


This is a pretty long winded way of saying “we lost because the voter is too dumb to understand what is best for them”.

This approach is a great way to lose elections.


Perhaps voters in the past were just as stupid, but the world was more easily comprehensible

Try explaining MMT, interest rates, fractional reserve banking, etc. to even college educated people and you’ll just get a blank stare, but everyone can intuitively understand a gold standard


and they shouldn't have to, really


And with tariffs incoming, this is going to get worse, not better.

Trump is very serious about tariffs, and the president has more unilateral authority in this arena than folks realize, he wouldn't even need an act of congress to do alot in this arena


In retrospect it's baffling why Dems didn't hammer home this point more: Tariffs will increase prices.


Suggesting tariffs was his way of saying "stuffs so messed up I will make radical change" to the angry working class. It also harks back to the early 20th century which he loves.

The Dems didn't really have an inroad to that demographic. Suggesting federally granted home buying credits just sounded like another financial scheme from on high and missed the mark entirely imho; there was no bigger economic discussion happening there.


No, tariffs are his way of saying "magic wand make economy good" to people who don't (but can and should) know better.


All of this assumes that policy suggestions from democrats can reach republicans. Because of filter bubbles this is simply no longer the case.


It is wild to me that GOP has become the working people's party somehow.


I dunno - I heard about tariffs in every single Harris speech. I don't get ads because of my location, but they were clearly saying it.


I think the issue is that people don't know what tariffs even are, call it a tax increase and it hits home more.


Probably because they don't have much leverage in this area, with Biden continuing some of Trumps policies on tariffs.


Targeted tariffs as part of a trade war is significantly different than the proposed universal tariffs to "eliminate taxes" that he's proposed.

AKA: we figured out how to pass a consumption tax which disproportionately hurts poor people without calling it that because we know it's universally unpopular. When billionaires effective tax rate drops to what will probably be 1%, the wheels are going to REALLY fall off.


It isn't the poor that fund either political parties.


Not their campaigns, no. But the labor of the poor make the world go around. And their votes count just as much as a billionaires.


> And their votes count just as much as a billionaires.

Billionaires fund, and in some cases directly craft, the narratives that shape the voter’s perception of the political landscape.


Solid point, I just wanted to emphasize the potential power of those at the bottom. Sadly they also aren't educated as thoroughly and so become prey to be exploited.


For this they would need to unite. Those who fund to influence are doing so, so that it never happens.


Because the entirety of the Trumpist response is “nuh-uh.” Watch the videos of people giving explanations of tariffs to attendees of Trump rallies. “That can’t be right, he wouldn’t be doing it then” is essentially all the deeper anyone will go. Almost none of the people who support him don’t think beyond their delusion that he has their interests in mind.


You're saying 50% of the US are stupid and those same 50% or so are the Trump voters.

Somehow that does not compute.

During which presidency did prices go up more? During Trump's last "Tariff" presidency or during the supposed anti-Tariff Biden?

"Watch videos of" is why we're banning TikTok. Just kidding. Or maybe not. I can find stupid people in any camp (well, in some more than others) and make a video about how clueless they are. It's super patronizing to just say your opponents are stupid and IMO one of the reasons why the democrats lost these elections (no shortage of other reasons).

The delusions don't stop at any demographic or party unfortunately. We just live in a post truth, post civil discussion, polarized, society.


I’m saying about 50% of the people who voted in the last three elections—not 50% of the population—are stupid, yes. And I think that’s borne out by the absolutely terrible and destructive policies articulated by the people they voted for.

What’s so hard to understand about that?


The 50% voting for Trump aren't all stupid. Though many are indoctrinated, taught to embrace confirmation bias, the bandwagon effect, and to fear the other.

IME they're a diverse group who all bought some just-so stories explaining why life was so much better 4yo. Rose tinted glasses and a repeated call to look to the past to some idealized time that never existed.

All that reinforced by a lot of loud distractions to avoid the awkward fact that the pandemic was a disaster, the tax cuts ballooned the deficit more than Biden, benefited mostly the rich, insiders lining their pockets, racking up pardons, and foreign policy that was openly corrupt.


IIRC it was the Trump administration that was mostly responsible for getting a vaccine out in record time.

It's really hard to reflect on the pandemic. There were certainly some funny anecdotes like bleach or horse medicine but there were also some serious professionals who tried their best. We also don't really know what the other possible outcomes could have been given other actions.

I'm sure plenty of rich were lining up their pockets in the Biden presidency as well. Do you have some sort of resource/evidence that there were higher level of corruption during the Trump presidency? Something systemic, not anecdotal. Trump supporters say Biden is corrupt. What is an objective measure here?

Running a deficit during tough times (pandemic) could be the right thing to do.


> Do you have some sort of resource/evidence that there were higher level of corruption during the Trump presidency?

Okay. How about leveraging the presidency to make a boatload of money from his private business.

https://www.citizensforethics.org/reports-investigations/cre...

Also, the Ukraine call, Georgia call, Egypt bribe, flagrant nepotism, that one time he denied funding to the post office because he thought mail in ballots would harm his re-election.

https://www.bbc.com/news/election-us-2020-53772526

Appointing people to agencies who wanted to dismantle them instead of carrying out their mission like Betsy DeVos for Dept of Edu and like Robert F Kennedy will apparently do for HHS because fluoride and vaccines are sus

https://www.citizensforethics.org/reports-investigations/cre...

Creating an atmosphere where loyalty is more important than founding principles which is an environment in which corruption can flourish.

That time he incited a mob to storm the capital because Mike Pence wouldn’t over turn the election results like he wanted.


Loyalty over credentials, here we go again. Did you say the last election was stolen? Great, welcome to office.

Tulsi Gabbard - Director of National Intelligence

Matt Gaetz - Attorney General

Pete Hegeseth - Secretary of Defense

Marco Rubio - Secretary of State


> [...] the Ukraine call [...]

Eh, maybe he shouldn't have been impeached for that call. President Biden's son had a strangely lucrative position, which he appeared not to be qualified for. And Biden was very involved in pressuring the Ukraine government to fire a prosecutor who was investigating that same energy company. There's a lot of public corruption in Ukraine, which was one of the factors leading to the election of their current president (according to what I've heard anyway).

This doesn't mean that Biden is definitely corrupt, but it does look very suspicious, and seems worthwhile to investigate. Our country is sending a lot of money to Ukraine. We deserve to know everything here.


Already investigated by a republican committee.

See references 14, 15, 16, 17 of https://en.m.wikipedia.org/wiki/Biden%E2%80%93Ukraine_conspi...

> A joint investigation by two Republican Senate committees released in September 2020 found no evidence of wrongdoing by Joe Biden. A sweeping Republican House committee investigation of the Biden family has found no wrongdoing by December 2023.

And sure, it’s weird Hunter was involved but it’s also weird the guy who brags about being rich still won’t show us his tax returns despite it being something every other president has done and gone as far to make up stories about the IRS while at the same time saying he’ll release them when he can. Joe released his tax returns, it’s all on the table.

Joe appears to be held to a much higher standard than Trump. Like… if Joe asked Kamala to overturn the election results like Trump did to Pence the republicans would be outraged and try to bar him from ever being president again, not that he would because he’s a good person at heart and for which he’ll get no praise, because it’s obvious not to do that and we don’t give out brownie points for abiding common sense.

It’s only bad when the other guy does it which is also why they latched onto Joe’s garbage comment even though Trump has called his opponents, trash, vermin, sick people, the enemy within and encouraged his supporters to call them satan worshippers and gets a free pass. Oh snowflake dems hate being called enemies of the state. He’s doesn’t mean it he’s just trolling the abuse of presidential powers like any reputable statesman would.

But we’re so inundated by the constant flood of news that one scandal replaces itself and it’s hard to remember all the other ones that came before it. We’ve grown numb to it. At this point I’ll just be happy if we make it to the next election in one piece.


> And sure, it’s weird Hunter was involved but it’s also weird the guy who brags about being rich still won’t show us his tax returns […]

You’re so quick to drop the question of the Biden family’s involvement in Ukraine and you pivot to Trump’s tax return, but the billions of our tax dollars and lives lost in Ukraine now make that a MUCH more important issue than Trump’s tax returns.

Congressional investigations blah blah blah, obviously they can’t get anywhere. Trump was impeached for trying to get information right from the source, and it was very stupid. We should get that information, hopefully he takes another shot at it. We’ll see what happens.


Trump's presidency was as much the cause for inflation as Biden. The two main drivers (apart from exogenous supply chain issues) were massive stimulus and keeping rates low for too long. In true Trump fashion, he promised "the biggest" stimulus and effectively forced the dems to promise and deliver an unprecedented package. Trump also signed into effect massive stimulus himself during his term and raised the debt/GDP to historic levels which was inflationary. Trump appointed Powell who stood behind the decisions to keep rates low even as inflation was rapidly growing. What's funny is I think Powell actually ended up doing a decent job and that a lot (maybe not all) of that stimulus was good. The problem with Trump is he makes long-term bad decisions to appease to his less educated voter base. He does this on a level I've never seen a politician do it. The only thing he cares about people admiring him and only him. That's why the minute someone like Powell gets a bit of spotlight, he starts getting jealous and puts them down. He would have done better as a medieval ruler than the leader of the world's largest democratic bureaucracy. Like a mob boss he is all about loyalty and pays little attention to the abilities of those he leads.


Isn't it Biden that increased tariffs on certain imports from a certain country to 100%?


Just EVs, and how many Chinese EVs were we importing before the tariff increase? All I can think of are some Polestar models and the entry level model 3.


How many will not be imported due to tariffs, squeezing customers to buy them at double the price it would be, or go for an overpriced locally made EV.

Musk admitting out of the 10 largest EV manufacturers, 9 are not in the U.S.


I bought a German EV, so that wasn't Chinese made. BYD can always open factories in Mississippi, just like Japan did, which will probably happen eventually unless our relationship with China becomes really really bad.


No arguments there. I certainly expect tariffs will lead to inflation getting much worse.


View the tariffs as carbon tax that represent the true cost of goods being produced in a coal heavy country and transported on boats that burn the most dirty kind of oil possible. It makes the whole thing look quite nicer and the economic cost a bit more worth it.


The per-ton CO2 emissions of those boats is still much, much lower than by truck or rail. Large ships are insanely efficient at moving cargo; that's why it's so economical to transport stuff across the planet.


There are no roads or railroads between China and US so the bulk efficiency by ship can not be directly compared. The first rule in decreasing emissions are reduce, so reducing the need to transport goods half way around the world are an effective measure against emissions.

Ship fuel (also called bunker fuel) is the dirties form of fuel there is and goes way beyond CO2 emissions. It is heavily contaminated and because of incomplete combustion it contribute heavily to pollution in water, atmosphere, and coast cities. The environmental impacts of heavy fuel oil spills also converts the ships into mobile nature disasters. The costs from oil spills generally spills over to society and people who live near the cost, rather than being carried by the shipping company. Collecting the real cost of that risk should be part of the product price when importing goods.

Tariffs are fungible, so the same tariffs could be used for the purpose of protectionism, geo-political stability, CO2 emissions in transportation, CO2 emissions in production, oil spill insurance costs, air/water pollution, regulative differences in worker rights, or differences in product safety. It can make the market competition more fair or unfair, and depending on what goals one have the definition of fair and unfair will likely change. People who lean both left and right can find arguments both in favor and against, likely at the same time given the fungible nature of tariffs.

Thus if one want to look at it on the bright side, pick the benefits of the political goals that talks to you.


Now factor in the manufacturing CO2 in a country with lax pollution regulations vs in the US...


Isn't the question, a/ travels across the globe + rails and truck vs b/ maybe rails + truck ?

Not arguing that the carbon tax is legit. It hasn't been proven yet that it isn't just a way to collect money while pretending to do something about the environment.


Well but maybe Chad in Nebraska would appreciate buying a Halloween decoration for $0.50 on wish!?!

We should maybe just reconsider in general what kind of thing is economically viable


He and his family certainly would if all they can afford to make it a special weekend is plastic crap from the dollar shop.

The real concern isn't that consumerism is threaten, as you seem to indicate that could be a good thing in fact.

I consider the U.S slowly becoming 19th century China.

I would like to remain positive but it might even be worse.

Globalisation, the U.S economy has been relying on developing countries to provide raw and finished produce. Not only de-industrialized, the population suffers from some superiority complex that makes it even hard to accept it may have to learn how to work and make stuff. Betting on AI to solve the universe, a migration to Mars.

Orders of magnitude more potent Pharmaceuticals. fantanyl is a hundred times more potent than Opium, a hundred times cheaper, and far easier to smuggle and conceal.

The U.S got to wake up, not just reconsider its consumerism culture.


If it hits major economic metrics in a way that makes him nervous, watch out for what he might do to the Fed. So long to a relatively-depoliticized institution. He was already grumbling about them in 2020. Hell he might just lead with politicizing the Fed. Guess we’ll see.


>Hell he might just lead with politicizing the Fed. Guess we’ll see.

Why would he not? It's not like he respects institutions such as the Supreme Court. And what repercussions has he ever faced for the destruction of norms and guardrails? If anything, he gains even more support.


I’m banking on the resulting stupid-low interest rates to refi my mortgage to help survive the guaranteed crash after. Not even joking. Great sympathy to those for whom that’s not an option. I figure there is an outside chance that such a move will fail to drop rates to the level it normally would because banks will also be worried, in which case I guess I’m just screwed as much as everyone else.

Damn whoever used that “may you live in interesting times” curse once to many times.


My fear is that something like this will happen, a bunch of well off people will take advantage, the lower classes will get clobbered much more than they have so far and transition to actual unrest.


What disrespect has he shown, ever, for the Supreme Court? And if the norms mean giving all of our tax dollars to NATO for nothing in return, why wouldn't you destroy those norms? After all, I voted for him on that basis.


> all of our tax dollars to NATO

Total US spending on all defense, not just NATO, is ~$900 billion or ~13-14% of federal spending. NATO has a total annual budget of less than $4 billion and we cover something like 15% of that budget, less than 0.001% of military spending and some infinitesimal portion of overall spend.

> for nothing in return

The US gains incomparable wealth from controlling the global prime currency. Part of the enforcement of this primacy is 750 military bases in 80 countries, giving the US a force projection capability greater than any empire in human history. For the US, NATO is just a just an organizational tool to manage resources among it's allies.


Also, the US is the biggest defense exporter, by a large margin: 14B$, with 3B$ for France in second place.

So many of those dollars spent by NATO (by the US and it's partners) come back to the US economy.


> or ~13-14% of federal spending

it's actually 50% percentage of "discretionary spending" (meaning the spending that the government gets to decide how to allocate with without changing social security laws, so essentially the "federal budget"


> And if the norms mean giving all of our tax dollars to NATO for nothing in return

All your tax dollars? How much do you think the US spends on defense without giving anything to NATO? Do you think that’ll somehow decrease if you leave NATO? It just means you’ll have to handle everything yourself. At least currently the US gets to charter about half of all their craft from various European allies.


Not for the justices, but for the institution of the Supreme Court. He files frivolous lawsuits and appeals designed to give his appointees the opportunity to legislate from the bench (e.g., "official acts"). He appoints blatantly partisan judges at all levels of the federal judiciary. And he sabotaged the FBI's inquiry into Kavanaugh's history, which is standard for any appointee at that level, by having any concerns be routed to the White House instead of handled by actual investigators. In short, he's demolished any pretense that the Court exists to enforce laws fairly, and has turned it into an unapologetic arm of the MAGA Republican party.

> if the norms mean giving all of our tax dollars to NATO for nothing in return

We do not give our tax dollars to NATO, at least not in any meaningful way. NATO's entire budget as an organization is about $4B/year, which includes valuable shared command/control systems. For the most part, we fund the American military, and we commit to using it in concert with our allies in certain scenarios.

In exchange, we get incredibly valuable hard and soft power. We get access to land in Europe to use as bases, which are staging areas for potential worldwide threats (e.g., an imperialist Russia). We get shared intelligence. We get goodwill with the rest of the West, so that they'll join our trade pacts. We get commitments of Polish tanks and British spies and French manpower if there ever to be a hot war, so that the US can focus on what it does best (air and naval superiority).

But also, you're the only one who brought up NATO. There are myriad unrelated norms that Trump broke the first time around, and will certainly break further this time, that make the institution of "the American government" less able to serve its purpose. Norms like, a president can't pardon himself. A president can't use his position to direct foreign powers to patronize his own businesses. A president can't summon a violent mob to Washington to overturn an election. A president can't conspire with state legislatures and militias to disregard the results of their states' elections. A non-sitting president can't steal classified documents, and can't have ongoing secret communications with a foreign power. A president keeps special counsel at arm's reach. A president shouldn't use tax policy to explicitly punish states that don't vote for him.


Everything you wrote in your first paragraph sounds pretty boilerplate. You can't seriously say he has gone above and beyond Biden, Obama, or Bush. And if he's not unique, then your vendetta seems personal, which makes you seem hypocritical.


So your answer to multiple specific examples is "nah, the other guys probably do it too, trust me bro"? Yes, Trump went beyond all recent presidents, in pretty much every way.

Sabotaging the FBI's background check is absolutely without comparison. It was corrupt and inexcusable.

While yes, all presidents will tend to appoint justices they agree with, you cannot in good faith say that there is any comparison between Jackson and Sotomayor on the one hand, and Kavanaugh and Barrett on the other, in terms of qualifications to sit on the bench. And that's just at the Supreme Court level - the whole affair in Florida with Aileen Cannon is another level of obscene.

The "official acts" decision is completely without legal historical merit, and was made up out of whole cloth to allow Trump's appointees to protect him from any consequences from the judicial branch (remember that whole idea of three co-equal branches of government?). No other president has dared make so bold a claim, both because the idea that the Court should be subservient to the president is clearly at odds with how the American government has worked for almost its entire history, and because they didn't have personal crimes to cover up.

I do have a vendetta against Trump, but you have the cause and effect backwards. I don't think he's a bad president because I hate him, I hate him because I think he's a bad president who is dangerous to me personally, to the United States as an institution, and to the continuation of the human race. But perhaps even more than that, I hate him because he has enabled and legitimized pathetically transparent bad-faith arguments like this.


I think someone who really respected the institution wouldn't snatch a Justice appointment away from another President.


Your "for nothing in return" is actually for the capitalization of the US dollar as the world reserve currency. If you thought price inflation was bad after Trump's last spree of helicopter money, just wait until other countries' USD reserves are being dumped in earnest.


Dump in favor of what? Euros? Yuan? Gold? For better or worse there's still no practical alternative to the dollar as the world reserve currency, regardless of how the supply is inflated. The BRICS group keeps talking about creating a new currency for international trade but they can't agree on anything specific.


The EU seems like a more stable thing than the US these days. Japan has always been a stable thing. The west can’t really do India or China, but those would also make better options than the US right now. It’s not unprecedented for people to flee the USD.


You're missing the point. There's not enough Euro or Yen denominated assets to make that work.

https://www.nber.org/digest/apr20/why-euro-hasnt-become-inte...


That's just an accounting problem. Once the countries start dumping dollars and buying Euros, the ECB can just create new Euros out of thin air to prevent it from appreciation.

Your own link basically says: "dollar is more stable and scalable, so people use it".


Could always move to a basket of currencies, that’s been proposed before


All of the above with some real-time algorithmic settlement wizardry tying them together? Plenty of neoliberal looting to be had on the transition from countries holding high masses of assets to lighter weight just-in-time financial engineering, too.


I agree. I think Democrats should have let Trump win unopposed in 2020. Then he could have dealt with the global supply chain crisis, had inflation attached to his name, been a hero for getting it back down again, etc. And then he'd be gone.

At the very least we would have avoided this incredibly damaging narrative about the stolen election. And there's a chance that the country would be less polarized than it is now.


>I agree. I think Democrats should have let Trump win unopposed in 2020. Then he could have dealt with the global supply chain crisis, had inflation attached to his name, been a hero for getting it back down again, etc. And then he'd be gone.

Hindsight is 20/20. Also, wasn't the Democratic activist base thinking in 2020 that Trump getting elected would be the end of democracy? Good luck convincing them to stand down.


It's impossible to take this argument seriously when Americans are out there buying more junk than ever, from eggs to bass boats. Household debt service ratios are as low as they've ever been, significantly lower than the Trump years. Americans can very demonstrably afford these things, which is expected because their earnings are way up, more than prices are up.

This article and the source material from the Economist argue that what really happened is Republicans negatively polarized themselves against the economy, and will just say anything in surveys. https://www.econlib.org/why-so-sad/


The second graph in that article ("The Partisan Gap on Economy Ratings") is alarming. In mid-2016, ~30% of Republicans said the economy was doing good. By mid-2017, that figure passed ~80%. By comparison, optimism among Democrats fell from ~70% to ~55% over that same time period.

I wonder if we'll make it to March 2025 before half of Republicans once again say that the economy is doing quite well.


That graph, by using rolling averages, makes the transition look less dramatic than it actually was. Expectation of future economy among Republicans in the U. Michigan survey fell by a full third in November 2020, immediately after the election.

https://data.sca.isr.umich.edu/fetchdoc.php?docid=77165


In my area, restaurant food prices are going up and up - not 5,10 percent, but 50% range or more. What cost me $10 last year, cost me 13, 15$ now or more.

I dunno if this is price gouging or restaurants genuinely are paying more for their supplies. End result is the same, I am paying more if I eat out.

Yes, this is anecdotal. Yes I know I should probably eat at home. I’m just saying this to show that stock markets, GDP etc doesn’t matter if people are stressed while buying groceries or having a meal at a local restaurant. None of the fancy infographics matters if I am starving


Now explain how Biden/Harris is to blame for any of the inflation and how Trump would make it at all better...


You have a lot to learn about politics if you think this matters.


It is not because of Biden/Harris. Trump will not make it better, in fact he will make it much, much worse.

That is the point. General public either does not understand or does not want to understand the nuances. That is the unfortunate situation we are in. To them, they are unable to afford stuff, Biden is the president, so he is to blame. And Trump capitalized on it completely.

Politics is largely not a logical game, it is an emotional/knee-jerk-reaction game. If it was logical, nobody would ever vote for people like Cruz, Trump, Boebert etc.


Trump will likely make it better by making the gas price hold at below $3 per gallon like it was for nearly all of his Presidency. This will reduce the price of food.


how will he accomplish that?


The Keystone XL project is likely back on the table, along with fast-tracking of drilling permits on federal lands.


Just wait until he deports half the restaurant staff. There won't be a restaurant left to go pay 50% more in.


Yes! And the way that Dems message the economy situation (which if you have ChatGPT summarize it all down to one sentence boils down to "The economy is GREAT and PERFECTLY BALANCED thanks to the President!") actually just pisses people off further because they think you aren't simply 'using a different metric in good faith' but actively gaslighting them. They're pointing at food prices being 20% higher than a few years ago, and their income being 5% higher, when many had no buffer to absorb such a price shock. It's no wonder the Harris ticket was wildly unpopular with voters concerned with prices.


I think people keep saying crap like this: Prices can absolutely come down without killing the economy. It's done by doing smart things that republicans were making talking points:

* Drill for oil, lower the price of gas, prices at the store come down.

* Stop the wars that make for unstable access for gas.

* Create pipelines so that instead of "flaring" Natural gas, we transport it cheaply to be used for electricity generation

* Change the tariff structure so that American goods are worth something against Chinese imports that raises the value of the dollar which lowers the cost of goods

* Stop the insane energy policies that raise gas prices by 45 cents per gallon (in CA for example) for 0.0001% change in climate

NONE of these were democrat talking points.


>Drill for oil

Current admin did this at record rates

>Stop the wars that make for unstable access for gas

The US is a net exporter of energy so the instability is helpful

>Create pipelines

We have already entered the late stage hydrocarbon era. Massive imminent domain projects for a decade or two of utility are I advised

>Change the tariff

We cannot go to a pre-globalization time. Alea iacta est. The only way for tariffs to work against BRICS would be a unilateral tariff which would affect all American commerce.


What countries aren't using tariffs? Biden used tariffs. Biden kept Trump tariffs. I paid a tariff for my BMW. Germany was probably pretty happy about that. I liked their product enough, so I was happy, too.

Go read some Peter Navarro. He explains desperately how important it is to be protectionist (to a limited extent) with certain industries. Especially if they link to security and health of the nation. You do not want a hostile nation to make all of your pharmaceuticals. You do not want them to hold you hostage over your lack and their surplus of steel. This is basic, basic stuff.

And the whole point is that other countries are not engaging in fair trade practices. If they aren't engaging in fair trade, then they can't engage in this fabled myth of "free trade". This is literally the Trump trade doctrine. He has spelled it out and acted on it. If the CCP hadn't manipulated the price of steel to wipe out American steel producers, they wouldn't be subject to extreme tariffs. Simple, simple stuff.


Why do you think BMW was happy you paid a tariff? It means their cars are more expensive than they need to be, and therefore their volumes (and profits) are lower.


BMW doesn’t get the tarriff anyway. Why would they be happy about it?


Germany gets the tariff, and the people keep voting for the politicians who support it, so.......... I suppose the Germans are happy?


Why on earth would you think Germany gets to collect a tariff that the US imposes on imported goods. It makes zero sense. The US collects the tariff. It's effectively an extra tax citizens pay for imported goods. It hurts the people and it hurts the companies producing the goods.


Guess it's not just "hillbillies" and rubes who don't know how tariffs work, it's also "very educated" people in hackernews telling us about "simple simple stuff"!


Enlighten us, oh wonderful wizard. Why does Germany get taxes the US imposes?

The whole point is that people buy shit from the US by making the German stuff more expensive.


Trump campaigned on BROAD BASED tariffs, not the targeted actions you're describing. Maybe he's bluffing but the effects are very different.


Explaining the minutia does not make for the best campaign trail rhetoric. But I can assure you, after speaking extensively in person with members of the Trump trade team, that their strategy is deep and sophisticated.

When he speaks of broad-based tariffs, he is using one of his framing techniques that he unironically explains in the Art of the Deal.

With all that said, the tariffs have me concerned, but allowing our industrial base to continue to evaporate has me more concerned.


> But I can assure you, after speaking extensively in person with members of the Trump trade team, that their strategy is deep and sophisticated.

What is it?


History has shown us that Trump does not have "deep and sophisticated" plans. He has campaign rhetoric that sounds good to ignorant people, and then blindly moves into that plan. The trade wars with China required a bail out of farmers and is one of the things that helped fuel inflation, for example.

> he unironically explains in the Art of the Deal

He didn't write that book. Based on his numerous failed businesses and his history of poor negotiations (Afghanistan as a very obvious example), we should be operating on the assumption that he isn't actually good at this, and pray his advisors are.

> With all that said, the tariffs have me concerned, but allowing our industrial base to continue to evaporate has me more concerned.

Then you should have been happy with Biden, who worked towards things like the CHIPS act, which moved manufacturing of critical supply chain back to America.

The economist, the financial times, and large numbers of economists have said that his plans are going to fuel inflation and will reduce GDP. Elon Musk said we should be prepared to make sacrifices. People are telling you what's coming, and that's what you should be concerned about.


You convinced me.

Blaming Trump for Biden giving the Taliban 80 billion dollars in military equipment is about what I expected.


Trump negotiated the terms of the handover before Biden took office. It was just damage control from then on, with most of the troops already removed before day one of his term, his only option was to bring many back to secure that equipment, and the MAGA types would have blown an even larger gasket over that.


> Stop the insane energy policies that raise gas prices by 45 cents per gallon (in CA for example) for 0.0001% change in climate

You mean the gas taxes that fund road maintenance? That tax is a tyranny imposed by how much we rely on cars, not by climate change.


It's funny how other states must use magic wands to fix their roads, obviously since the gas prices are not jacked up as high elsewhere.


I don’t understand the sarcasm. Comparable states like Texas and New York charge far more in tolls than California. Many states have far fewer roads (with less usage), or they underfund their road maintenance, don’t repair them, and then rely on federal funds to make emergency repairs after something critical breaks.


The tolls are 1. Used to fix toll lanes, much more prevalent now than in the past 2. Payments to private companies who siphon the proceeds out of the area they services

Gas tax is much better in this regard, but all of these are pretty extortionary.


Last I checked I think 60% was getting siphoned off to an LLC and only 40% of the toll was for the road.


Not only that, tolls suck for privacy (de facto installation of ALPR cameras, database presumptively controlled by a private company selling the data to anyone with money), are a regressive tax on the poor, and are often used to implement "taxation without representation" by sticking the tolls near a state border to extract rents from people not eligible to vote against them.

New York has even taken to explicitly charging higher rates to out of state residents, which is of questionable constitutionality.


I would like to be able to say that in Europe, tolls are managed by the state, but they aren't.


But think about all the poor politicians who would miss out on their kickbacks.


Driving is a privilege. You can walk on the walking road, thingy.


Not when it is mandatory to function in society. Then, it is a necessary utility.


Driving is a right because travel is a right and walking between two points separated by dozens of miles on a daily basis is about as reasonable a suggestion as "let them eat cake".


Travel is a right, including interstate travel, but Dixon v Love (among others) have held that personally operating a motor vehicle (“driving”) is a privilege rather than an inherent right.

You can take a bus, taxi, or airplane to travel.


> Dixon v Love (among others) have held that personally operating a motor vehicle (“driving”) is a privilege rather than an inherent right.

The question in that case is whether someone's license can be suspended after conviction of traffic offenses without a separate hearing on the suspension. Denial of rights is common practice upon conviction of a crime, e.g. unless you've been convicted of a crime you generally have a right not to be incarcerated.

> You can take a bus, taxi, or airplane to travel.

So if you're a farmer in New Jersey and have to deliver your produce to a farm-to-table restaurant in New York City, which of these is supposed to apply? Also notice how little this has to do with tolls. If your license was suspended you could pay an employee to drive your truck into the city but the E-ZPass tag doesn't care about that.


That ruling refers to them as privileges in a direct way (without objection by the Court).

Perhaps you could cite the basis upon which you conclude they are legally a right.


What "privilege" means in this context is that you need a license to do it. That doesn't imply that it isn't still a right. For example, you might need a signage license to put up a sign, but free speech is still a right, and for that reason the government is constrained in the criteria they can use to deny you the signage license.

But people say "driving is a privilege, not a right" as if these things are alternatives to each other. Requiring you to pass a driving test is quite a different thing than discriminating against you based on your state of residence.

Here's a quote from your own case:

> The nature of the private interest involved here (the granted license to operate a motor vehicle) is not so great as to require a departure from "the ordinary principle . . . that something less than an evidentiary hearing is sufficient prior to adverse administrative action," Eldridge, supra at 424 U. S. 343, particularly in light of statutory provisions for hardship and for holders of commercial licenses, who are those most likely to be affected by the deprival of driving privileges.

Strongly implies that constraints exist on what the government can deny. What's that about, if there isn't a right to be implicated?


Natural rights. Clearly. The Constitution doesn't grant rights, it limits abrogation of certain rights. The right to travel is long established in common law.


The right to your preferred mode of travel is not.


You're relying on "preferred" to do all the work there.

There are plenty of contexts where cars are the only realistic mode of travel and then it isn't a matter of preference because there isn't any viable alternative.


It appears to me that the Court holds that riding in an airplane or car is a right (of travel) but that piloting or driving that airplane/car is a privilege.


But then you come to the context where driving it yourself is viable and hiring a private chauffeur is infeasibly uneconomical and you've got some trouble.


>Last I checked I think 60% was getting siphoned off to an LLC and only 40% of the toll was for the road.

Which tolls on which road? At least where I live there's more than one toll road in the area.


Underlying the sarcasm is the assertion that California is not fiscally responsible with its budget. Understand now?


Nope, still don’t get it. We aren’t any more or less responsible than other states, just much bigger.


California is more responsible than Illinois or New Jersey, but there are plenty of states who are more responsible than CA.


You sure about that?



So you understood the point or would you like it explained again?


Do you have an actual explanation or just low effort memes? Read the forum guidelines, thanks!


Thanks! So in order to make this thread more "thoughtful and substantive", underlying that posters earlier sarcasm is the belief that California is not responsible with its budget. Hope that helps this time!


Oh ok, makes sense. Thanks for the clarification. Hope you feel better now :)


Concession noted, thanks!


California has the worst roads of any state I've driven in. San Fran and San Jose, rank among the top 10 in the country of the worst roads. Whatever they are using it for, isn't for road maintenance.


Agreed. Texas, Arizona, Nevada, Washington, Florida..... visited all of them in the last 12 months during various seasons.... they ALL have significantly better roads than California. HOW!!!!!! HOW!


California has the second highest total lane miles by state[0] and it has the highest number of registered vehicles of any state, by a big margin.[1]

Being a such a populous big state with only tiny, regional public transportation systems means everyone and their cousin drives everywhere, all the time. That's how.

[0]https://blog.cubitplanning.com/2010/02/road-miles-by-state/

[1]https://www.bts.gov/browse-statistical-products-and-data/sta...


Germany has an equal GDP to California with double the road miles. Their roads are ranked higher.

California can do better, it just doesn't.


Germans roads are often very nice. The autobahn is awesome. Germans also pay $2.76/gallon in fuel tax.

Californians only pay $0.68/gallon. You up for an additional $2.08/gallon in taxes to pay for those sweet, German roads?

https://taxfoundation.org/data/all/eu/gas-taxes-in-europe-20...

https://taxfoundation.org/data/all/state/state-gas-tax-rates...


No. If that's the difference maker, definitely not.


I've lived in California for 30+ years now and what I've observed is that we spend huge amounts of money on infrastructure and a lot of the spend seems to be absolute waste. For example, there is no realistic reason for high speed rail to cost what it does per mile; I am certain that a very close inspection of the process would uncover huge amounts of waste, padding, and theft. On top of that, people have been able to limit development using enivronmental rules and other legal methods to slow down things that are truly needed.

I'm sure somebody has written a book already about how ostensibly wealthy societies can fail at basic infrastructure that they previously mastered, driven by greed and complacency and other socioeconomic factors. I think this has happened over and over again (Rome, and many other societies).


> I'm sure somebody has written a book already about how ostensibly wealthy societies can fail at basic infrastructure that they previously mastered, driven by greed and complacency and other socioeconomic factors.

How about Foundation by Isaac Asimov.


Oil production is at all time highs (AFAIL). Further, drilling locally for oil does not directly reduce local prices. It is still shipped abroad to the highest bidder. That is ignoring the refinement issues that not all oil is equal and needs to be refined.

'Just' stop wars short of surrendering is easy to say. No evidence Republicans actually could deliver or prevent. Just talk.

The tariffs were largely kept in place between Biden and Trump. The criticism here would apply equally to both but also ignores trade wars.

The pipeline bit is perhaps viable, but a drop in the bucket (with respect to at least the keystone XL [1])

[1] https://apnews.com/article/fact-checking-895299166310

"Even if the Keystone XL pipeline had been completed, the amount of oil it was designed to transport would have been a drop in the bucket for U.S. demand, experts noted. The U.S. used nearly 20 million barrels of oil a day last year, while global consumption of oil was near 100 million barrels. The pipeline would have contributed less than 1% to the world supply of oil, according to AP reporting.

“The total volume of additional supply is negligible in a market that uses 100 million barrels of oil every day,”"


I think the way I am interpreting the parent comments is that whether or not these Republican promises are true or viable is beside the point.

The right still has them as talking points, where the left has failed miserably. Talking about any potential solutions seems to have enticed American voters more than trying to sweep it under the rug.


> Just' stop wars short of surrendering is easy to say

Also easy to observe that it would be better than conducting wars and surrendering anyway.


Conventional oil drilling peaked in the 70s exactly as predicted in peak oil. It was made up for with fracking, except fracking has always lost money.


These are nice TV soundbites, but reflect a clear lack of understanding of how these issues (gas prices, wars, tariffs, etc.) work.

But I guess that explains why people voted for Trump.

- Drill for oil: oil production is at all all-time high. Drilling more doesn't drop local prices.

- Stop the wars: 100% agree we should end all wars. Except that Trump has no control over this. Also, the one thing that both parties agree on is increasing the military budget (Congress voted for more than Biden proposed).


Saying stop the wars is nice. Saying it while you cheer the people starting the wars with a badge of "Best Friends Forever" is just cynical and disgusting.


It’s incomprehensible to me how people don’t think through what Trump says.

Even more incomprehensible that even if Trump’s policies were sound that Americans would vote to have such a reprehensible person as their leader.


> * Drill for oil, lower the price of gas, prices at the store come down.

Strategically and economically stupid. Buy oil when everyone has it, sell oil when everyone else has ran out.

> * Stop the wars that make for unstable access for gas.

The US military is the largest socialist jobs program in the world and is the single greatest creator of skilled labor for our economy.

> * Change the tariff structure so that American goods are worth something against Chinese imports that raises the value of the dollar which lowers the cost of goods

Lets say you make widgets for $9 and sell them to me for $10 (a healthy 10% profit). The government comes along and tells you there is a $2 tariff on widgets. Are you going to sell me widgets at $8 (a $1 loss) or raise the price to $12? Tariffs are a tax on goods paid by the buyer and a way to de-incentivize overseas production. But here is the problem - do you want to make 39 cents an hour sewing soccer balls or do you want to pay 10x for that soccer ball so that an American can have a livable wage doing the sewing for you?

The "American Dream" is exploitation of cheap overseas labor because of our superior economic position. Regardless of how you feel about that morally, Trump's economic plan is to try and figure out how to on-shore the lowest paid factory jobs.


> The US military is the largest socialist jobs program in the world and is the single greatest creator of skilled labor for our economy.

This sounds an awful lot like the broken window fallacy. Wars are destructive and any amount spent on that destruction is lost from the economy no matter how many people you hire in the process. Surely funding schools would be a more direct way of creating skilled labour.


What about the microwave oven and the thousands of other products the military has indirectly created?


It isn't military that's in question. It's their engagements.

The U.S defense budget would be a fraction of its budget if used for defense.

There is an upside in wining wars. But since the U.S has been losing them, it's funding jobs that provide no value. Would better be spent elsewhere.

The Japanese unique economic boom after WWII was mostly due to having little to know defense budget. Germany's was less impressive but also benefited from focusing on the economic performance.


> Trump's economic plan is to try and figure out how to on-shore the lowest paid factory jobs.

Not necessarily. Tariffs are a limited tax, in this case maxing out at 100%. Making soccer balls from China cost twice as much is not going to bridge the gap between viable and non-viable for onshore production. It really only bridges the gap where the off vs on shore savings are much closer, which tends to apply to more complex manufacturing processes, which incorporate more automation in the process, as cost gaps between developed and undeveloped countries tend to be greatest in the cost of labor. Automation is often cheaper in more developed countries, in fact.

Onshoring those kinds of jobs/infrastructure would provide a range of national security and economic benefits.

I genuinely don't understand how tariffs have become so poorly understood and divisive. Every argument about them I see framed seems either highly biased or pure misinformation, from both sides. They are not free tax money, but they also can have benefits for low and middle class people.


1/2 of the claimed benefits are just lies: China isn't going to be paying the tariffs, but maybe it will spark some limited increase in US manufacturing. The thing it will do is increase prices (inflation).


Of course, the increase in manufacturing will be limited. Is there a policy that can increase it without limit?

I also think its disingenuous to call tariff induced price increases inflation. That's like calling a sales tax inflation. Maybe its technically correct, maybe not, but if your going to apply it here, make sure you are also applying it to carbon/gas taxes, environmental regulations (they also increase costs), and capital gains taxes (they lower asset supply).


Agree. Higher prices are a known predictable consequence and could be reversed by removing the tariff. You can't change a policy like that and immediately end inflation, that's an entirely different thing.


Most people don't care why the prices went up, they just want them to not go up. Distinction on definition really doesn't matter.


It does. Inflation is a broad phenomenon, whereas tariffs mostly only affect targeted imported goods. We should all strive to be precise when discussing our opinions and preferences, lest we believe we disagree when we infact do not.


You didn't cover the global supply chain.


> * Stop the insane energy policies that raise gas prices by 45 cents per gallon (in CA for example) for 0.0001% change in climate

Climate change aside, you do realize that States decide on gas taxes, not the Federal government, right? Which means that neither Trump nor Harris can do anything about what gas taxes CA decides to add, or any other State.


Prices always go up. Sometimes faster, sometimes slower. We can slow it, but it's a fool's errand to make them go down. When I was a kid, I could get an ice cream cone for a 50 cents. That's never coming back.

Now that we've slowed inflation to a manageable level, we need to grow wages to catch up. I never heard a good plan on that from either side.


There's a reason the term "deflation" exists, and it's not simply a theoretical concept. Constant inflation is a political choice, entirely so in the age of fiat currency, whatever you think of it.

The reason you never hear a good plan for growing wages to catch inflation is because inflation is a form of intentionally regressive taxation. For reasons of macroeconomic theories meeting special interests with socio-political leverage.


> There's a reason the term "deflation" exists

Which has always been treated as a spooky four-letter word in economics. I remember the news stories in 2008 when we had a brief period of deflation and the headlines were particularly apocalyptic (even despite the overall grim economic news of the time).


Isn't the problem with deflation that it de-incentivizes investment (why accept risk when you can just stuff your mattress with money and grow your wealth risk-free), which tanks the economy?

Lowering prices sounds nice, but my understanding has always been that it would come at the cost of less actual wealth overall.


That's the macroeconomic argument I alluded to. Of course, what this argument amounts to is that economic growth should be fueled in part by devaluing the money of the working and lower-middle class, who earn their money through wages and have limited means of preserving its value through capital investment, while the wealthy, who have more opportunity to invest in capital and use leverage, are largely shieled from, or on the extreme end even benefit from, its effects. Hence, a regressive tax.

The most obvious argument against this notion is that many things are effectively deflationary anyway, such as computers, which at least until recently were deflationary in the extreme. Not only did they tend to get ever cheaper over time, but while getting cheaper they have and continue to become more powerful, at times by miles in the space of a few years. And yet, people still buy computers, and firms still engineer and manufacture them, because at some point it doesn't matter that if you wait 6 months you can get a vastly better computer for half the price, at some point you have to actually buy a computer.


> That's the macroeconomic argument I alluded to. Of course, what this argument amounts to is that economic growth should be fueled in part by devaluing the money of the working and lower-middle class

You have it literally backwards. Like 100% backwards. In a normal healthy economy, salaries grow faster than inflation. So workers living on their wages are not affected.

Transient periods of high inflation might even benefit them, as they also devalue their fixed _debts_. It's the rich people who are affected by the inflation, they are forced to invest money, rather than just leave them sitting in a risk-free account.

Conversely, deflation primarily causes pain for the working class (that's how Hitler came to power!), because it slows down the economy and makes their debts grow. While rich people can just enjoy having a risk-free real income growth.


I don't have it literally backwards, because that's not what happens. You do have your Hitler argument completely backward though. Weimar Germany was undergoing runaway _hyper-inflation_, not deflation.

Interest rates move in the same direction as inflation with some lag, so the idea that poor people benefit due to reduction in debt is weak at best, but given that the rich rely on debt so heavily themselves, any positive effect on the poor would be even greater for the rich barring some special reason I can't think of.

As for rich people being the ones affected by inflation, it does in fact change their incentives dramatically, so that's true as far as that goes, however it doesn't actually result in loss of wealth for them as again, they are the ones with the capacity to invest it in assets to protect or grow its value, and the ability to use leverage to use money now that they don't even have yet, in exchange for devalued money in the future. It might have some effect of weeding out the truly incompetently or indigently rich, but of that group the ones who don't have smarter family around to save them from themselves will be those who probably come from lower class backgrounds anyway.


Its true that rich people often (always?) "have debts", but not true that they are "in debt" overall, otherwise they wouldn't really be rich anymore. Poor and middle-class people are often in debt in the sense that they have borrowed against their future earnings. For things like a house, borrowed over 30 years, the inflation on that amount really does benefit them. By the end of the loan, people who stayed in one house barely notice the cost of the mortgage, and if the intrest rate is low enough they may choose to deliberately not pay it off as they invest their current cash elsewhere. For things like a credit card, no the inflation doesn't really help anyhing.

If deflation were expected, rich people really would just leave money in a bank account (as long as investing gave smaller returns, or seemed too risky.) The inflation is an incentive for cash-rich people to put that cash to use instead of sitting on it. This can be a huge driver for the economy.


I didn't say that rich people are "in debt", I said they rely on debt and leverage.

A mortgage on a single home seems kind of like a special case, they tend to have unusual rules that insulate borrowers from the effect of interest rates to a certain extent, which otherwise work to cancel out the time-preference effect on money. Otherwise the working classes have their wealth tied to the sale of their labor, something (wages) which is notoriously sticky, hence a greater effect on them.

I don't disagree that the macroeconomic argument does incentivise rich people to use their wealth productively, but it is precisely this argument that relies on the idea that the wealthy have means available to them to protect the value of their wealth. You can't have the former and not the latter.


> I don't have it literally backwards, because that's not what happens. You do have your Hitler argument completely backward though. Weimar Germany was undergoing runaway _hyper-inflation_, not deflation.

That's a common misconception, propagated by people who want the economy to stagnate (goldbugs earlier, crypto bros now).

Germany experienced actual _deflation_ in 1929-1932 as a result of the governmental austerity. It's exactly what put Hitler in power. Deflation rose up to 12% in 1932!

Here's the table: https://www.gabriel-zucman.eu/files/capitalisback/T271 (sidenote, seeing scientific notation on the CPI chart is scary).

Hitler then immediately started an expansionist fiscal policy, using state funds to build up the infrastructure and military. This immediately resulted in the GDP growth.

> but given that the rich rely on debt so heavily themselves

Rich people are not in debt. Their net worth is not negative. That's not the case for poor people.

Unlike microeconomics, macroeconomics is pretty simple. The total amount of debt held equals to the total amount of debt owned.


I don't think minor deflation after a period of hyper-inflation is much of an argument that deflation was the cause of Germany's woes.

I never said rich people are "in debt", I said that they use and rely on debt. In the sense meant in the argument about why inflation helps the poor, the advantage also comes to the rich, if I even concede that it's true, which I do not, because rising interest exists specifically to counteract the long term effect of inflation.

Rich people's wealth is protected from inflation, while the working classes' wealth is not, that is the key difference. That is precisely inflation's alleged reason detre, that it incentivises people, in effect, those with more wealth, to use their money in ways that protect its value.

You can't have the macroeconomic argument for inflation driving growth and then simultaneously allege that rich people are just as affected by inflation as wage earners, the former relies on the idea that there is a way to use excess wealth through investment that will protect its value.

You can claim that wages should grow with inflation, but not only is that self-evidently not what happens when you look around, but the stickiness of wages is so well recognised that it's treated as almost apriori in macroeconomics, which is why I take it to be a either a feature or accepted consequence of inflation that it is regressive, depending on the specific policymaker.


> I don't think minor deflation

There's no such thing as a "minor deflation". And yes, it was the proximate cause. And keep in mind, it was not a month, it was 4 years.

Quite simply: you can't have noticeable economic growth with deflation. You _can_ have robust economic growth even during hyperinflation.

I lived through one myself.

> I never said rich people are "in debt", I said that they use and rely on debt.

It mostly means that they _own_ debt (usually indirectly), not that they are _in_ debt.

> Rich people's wealth is protected from inflation, while the working classes' wealth is not, that is the key difference.

That is the opposite of the actual history. Rich people are the ones who suffer the most from inflation. Hyperinflation wipes all debts nominated in the currency, and more importantly, it forces people to invest in risky enterprises.

Workers, in general, simply don't have a lot of savings and instead rely on the constant stream of income from salary.

That's why the ruling classes are so obsessed with the inflation.


>Quite simply: you can't have noticeable economic growth with deflation. You _can_ have robust economic growth even during hyperinflation.

I'm not really arguing against either of those positions, though I'd push back against the first more strongly. I'm arguing that inflation as a driver of economic growth comes at greater expense to wage earners than the wealthy, that it's regressive.

>It mostly means that they _own_ debt (usually indirectly), not that they are _in_ debt.

Dude, enough nitpicking my specific language, you know exactly what I mean, this isn't productive or interesting.

>That is the opposite of the actual history. Rich people are the ones who suffer the most from inflation.

No they don't.

>Hyperinflation wipes all debts nominated in the currency

Nobody benefits from hyper-inflation, wealthy people don't want it, working class people don't want it, nobody wants it, except maybe a kleptocratic government. This is why interest rates track inflation, albeit with some lag.

>more importantly, it forces people to invest in risky enterprises.

I agree, although with the caveat that the wealthier you are, the more you can insulate yourself from risk. Again, I agree that the incentive to drive economic growth works, I just don't agree with your assertion of who actually pays the bigger price on aggregate.

>Workers, in general, simply don't have a lot of savings and instead rely on the constant stream of income from salary.

Correct, exactly why they suffer/lose the most wealth from the effects of inflation. Their wages are devalued while remaining sticky, and their capacity to save enough wealth to make investments that protect their wealth is curtailed by inflation eating its value.

>That's why the ruling classes are so obsessed with the inflation.

Obsessed with a "healthy" rate of inflation, find me evidence that a substantial number of people with their hands on the levers of wealth or power advocate that we should have no inflation? They don't.


which should disproportionately affect the wealthy. Another way of saying that: we pay higher prices with inflation so the wealthy are more wealthy. That money goes somewhere.


And hence we had the destruction of the entire tech industry because people never buy computers because tomorrow you can get a better one for cheaper.


> There's a reason the term "deflation" exists, and it's not simply a theoretical concept.

Yeah. The last time deflation happened in Europe, it resulted in Hitler coming to power.

Not kidding, Hitler came to power after a period of _deflation_ in Germany.


Citation? I have no dog in the fight—I am not emotionally invested in some particular version of the history of the Weimar Republic—but I thought it was the opposite.


Here you go: https://www.gabriel-zucman.eu/files/capitalisback/T271

Years from 1929 to 1932. Deflation was 12% in 1932, in particular.


Thanks!


Are you sure you know what deflation is?



See my other comment, but unless I'm taking crazy pills, you have that completely backward. Weimar Germany was notoriously _hyper-inflationary_.


And it was followed by a deflationist policy in the years preceding the Nazi takeover : https://en.wikipedia.org/wiki/Heinrich_Br%C3%BCning#Historic...


I don't think moderate deflation after a period of hyper-inflation is much of an argument. It's just a weird little gotcha that someone who doesn't want to abandon their priors will whip out. Not compelling at all. It's like claiming a failed medical intervention is the cause of a death because it had some negative effects that might have even made things worse, but the patient was already sick and dying. Many cancer patients die from the effects of chemotherapy before the cancer itself gets them, it doesn't mean cancer is actually good.


> It's just a weird little gotcha that someone who doesn't want to abandon their priors will whip out.

Do you want a mirror?

And why that episode was minor?


Minor by comparison to the hyperinflation experienced? Yeah. No I don't need a mirror, I can see myself clearly.

This whole thing is just a distraction that I didn't even bring up though, it has nothing to do with my original points. I wouldn't want to experience prolonged deflation at that rate either, markets rely on a certain level of stability and predictability to function well, everybody benefits from that and I would not argue otherwise.


Wages generally kept track with inflation since before covid: https://fred.stlouisfed.org/series/LES1252881600Q

I really don't understand the dynamic here.


The problem is people don't really see wage increases and inflation as things that balance each other out. They think of raises as something earned that will improve their lifestyle - when inflation cancels that out, it can feel like you were cheated out of that reward.

Even if you understand intellectually that a pay increase is a cost of living adjustment, that doesn't mean it isn't disheartening to see your new earnings being eaten up by inflation.


Additional point: wage increases not uniformly distributed, whereas costs are moreso.


Deflation isn't necessarily a problem. Prices for some things like computers and consumer electronics are constantly deflating. Compare the price of a large HDTV today versus 20 years ago. Or do the same with rechargeable batteries or solar panels, etc. Of course much of that deflation was driven by economies of scale in Asian manufacturing hubs and we can argue about whether that's a good thing, but the deflation itself was good.


Apparently America draws the line of where it's bad somewhere between computers/TVs and food for the poor/working class.


Look at anything that the wealthy consider valuable: Jewelry, gold, real estate- all have undergone astronomical inflation.

You can’t go buy a nice oak table for less than you did 20 years ago. Or high quality tools (To get something like old Craftsman I need to import tools from Germany at 10x the price). No one notices because of the insidious nature of inflation. “Cheap TVs!” appear to be deflating and are the bread and circuses. Meanwhile a massive amount of wealth is being stolen.


It’s not the economy. It’s the charisma.

Look at the history and you will see Americans want someone at least somewhat charismatic as their leader.

Hilary and Harris have less charisma than my cat. They were simply unelectable.

A choice with a slightly more charismatic person and we would see different results in my opinion

Furthermore, and sadly in my opinion, I am not convinced that Americans are ready for a female president. Give it another 20-30 years


While I agree, I can't picture how trump was more charismatic than Harris.

He seems like a used car salesman to me...


Yes, but used car salesman are charismatic, and people are frequently hoodwinked by used car salesman. Despite everyone saying watch out for the used car salesman.


He is not my cup of tea either but a lot of people like him.

Harris on the other hand is like an EU Bureaucrat.

Anyway. That’s my take, doesn’t mean I’m right.


strong man rhetoric is shockingly effective.


I heard an interesting thought on a podcast about Trump. Because he's always used and discarded his 'friends' his entire life, he's gotten very good at getting new people to like him. People say that 1:1 he can be very charming, just up to the point where he stabs you in the back.


Honestly while Trump is a little slimy he's also kinda funny. Visit some conservative spaces sometimes, they're having fun while liberal ones are all doom-and-gloom.

It really does matter.


Go to any middle school in America and find who the popular kids are - its the hot, mean but funny ones, not the ones with smart ideas for change


That’s humanity in a nutshell.

We do our best stuff when the hot mean ones listen to the ones with smart ideas.


There is a zero percent chance that the next 4 years will be our best.


Did you just say you find Trump hot? Ewww


Of course not physically but hes a billionaire, married to a Russian model. He is glamorous, which is enough for a man.


So if Democrats want to elect a woman. Someone like Sydney Sweeney would crush it in US politics. Maybe they should try that next time.


Politicians are very very similar to entertainers. Being on par with Sydney Sweeney would be a massive advantage.


Sarah Palin came close. Attractive powerful women with the intellectual horsepower of pillaf and she did remarkably well.


I'm sure you have a lovely cat and I'd be inclined to agree with you, as I'm not a fan of Clinton or Harris and find cats typically quite charismatic.

But saying Trump was more charismatic than Harris, your cat, or the shit I took this morning is certainly a divisive opinion at least.

I've encountered farts which cleared a room and were still more "charismatic" than Trump according to 9 out of 10 people exposed to both.


Harris has zero charisma. She cannot talk without creepy laugh or jokes that nobody laughs at, she can't work with crowds.

She was in primaries some time ago and gain less than 10% votes.


Ahh, I didn’t explicitly say that he is more charismatic than Harris.

I said, if the Democrats have chosen someone more charismatic than Harris, they would have won.


You said "Hillary and Harris have less charisma than my cat. They are simply unelectable"

Well.. Trump was elected. If you're not saying Trump is more charismatic then this all seems to contradict your point that charisma is necessary for electibility.


Just arguing for logic's shake now.

You are making a logical jump there. Hillary and Harris are Democrats. Trump is Republican. Based on logic, just because Trump won doesn't automatically make him more charismatic, as there are other factors that play role.

So logically you cannot assert that this is true; Trump winning <==> Trump more charismatic


The problem is that the rules are different. For Democrats, if they want to win, they need someone with charisma. See Biden, Obama, and Bill Clinton, versus Hillary Clinton and Dukakis for historical examples.

Republicans don't need charisma: if the Democratic candidate isn't charismatic enough, they'll instead vote for whatever pile of shit the GOP puts on the ticket.

The problem is the voters.


My $0.02, just one opinion yada yada.. Charisma was a part of it sure, but ultimately people can look past that. Bush Sr. had zero charisma.

The bigger part, amongst other things, Harris is part of the current administration, people are not happy about how things are going, or how much their groceries cost. People are not happy to get censored or called nazi's for having different opinions. When asked on a left-leaning show "The View" with people all on her side, what she would change about the last 4 years, she answered, "there is not a thing that comes to mind".

Charisma didn't kill her, not being able to ask layup questions killed her. The American people are not as dumb as the Harris voters are now screaming about on Reddit/TikTok/X, the American people want to know what their president is going to do to change their lives. Trump is a sociopath, again amongst other things, but he is very very clear about where he stands on things and what he's planning on doing.


> Trump is a sociopath, again amongst other things, but he is very very clear about where he stands on things and what he's planning on doing.

I don't know if you'll agree with this, but I actually think that one of Trump's gifts, or maybe his campaigns gifts seems to be to convince everyone they're going to get what they want, and is in fact not very very clear where he stands on things. He's sort of emotionally clear (tarriffs and illegal immigration)

But I also think...

If you ask a blue collar worker, they'll tell you Trump is pro-union If you ask a business owner they'll say he's anti-union. If you ask someone on the ACA, they'll tell you he'll protect it, if you ask a fiscal conservative, they'll tell you he'll abolish it. If you ask a woman, he'll keep abortion with the states. If you ask a catholic, he'll abolish abortion. He's friends to muslims but will also deport them.

He's the friend to the blue collar worker, enemy of the elites, but also friend to billionaires willing to work with him. I think this is why Trump would have beaten Sanders. Sanders would have never gotten the support of the business class, and if he did it would have eroded his support with his base, Trump is somehow immune to that.


Czechia was hit by pretty bad inflation too, after decades of very low inflation rates. Our current government will likely lose the election in a year as a consequence.

Being in office when inflation hits is a recipe for electoral disaster, regardless of actual culpability, which, in this interconnected world, is likely lower than perceived.


>The Dems failed on this count massively

The Dems failed to communicate inflation is a global phenomena and that the US has faired far better at reducing inflation, unemployment and GDP growth then the rest of the developed world.


"It's the economy, stupid:"^1

That unoriginal theory as applied to this election appears to be based on exit polls. History has shown these polls are unreliable.

1. Pundits like the one who penned this quip^2 just aren't worth much anymore.

2. https://en.wikipedia.org/wiki/James_Carville


NB. Nothing against Carville. He was/is interesting and entertaining. But the times they have been a-changin.


Likewise my home state, Michigan.

None of the articles I've read mention religion or race. Perhaps these omissions are due to political correctness, but both of these factors are known to be drivers of party affiliation in the US. This makes it really hard to guess what the ultimate dominant issue actually was, if anything.

I do agree that the Dems should be taking more credit (and giving credit to liberal democracy in general) for improving the quality of life, which is ultimately the subject matter of economics.


If you look at polling data, Biden (a white man) was doing considerably worse than Harris (an asian woman). The issue wasn't race/gender, the issue was causing 8% inflation and ignoring real american issues to instead talk about abortion, which has always been a state issue


Good points. And I think this is where the Dems could have made a better case about economics. Prices weren't the only reason why it was getting harder for people to get by in red states. Of course talking about economic conditions in red states was also considered to be offensive. It would be very hard for the people in those states to have a real voice about economics. For one thing, they don't really elect their representatives.


The second derivative of prices hurts people hard when it is strongly positive because real wages lag real prices.


Even when real wages keep up with real prices, people still hate inflation, because they attribute their rising wages to their own successes more than macroeconomic changes. To most people it feels like "I'm working hard and getting big raises for it, only to be stymied by rising prices" rather than "this is all happening due to forces outside my control".


The dems failed at messaging, as they have forever. Both parties have abdicated their role enforcing antitrust regs (esp as it relates to the food industry).

Additionally mis-handling COVID and implementing a 25% tariff on some commodities had a massive impact on prices.

Then there’s just the evolution of some markets: PE buying housing inventory + short-term rentals + Rental yield-management (thinly-veiled collusion on pricing) have transformed the housing market.

The biggest impacts: consolidation and a deregulation mandate. Companies can do whatever the hell they want.


Trump's economic plans are extremely inflationary, and even a freshman economics student can point that out. It's just that nobody really cares, they just like Trump and will fill in the gaps to justify it.

You can't put extreme tariffs like 200% and expect prices to come down.

The reality is post-covid was an inflationary period because of hyper consumerism. Demand shot up, extremely quickly, and supply was still lagging due to covid. There was really nothing anyone could do. It's unfortunate, but voters don't consider these things. They just see the prices, see a blue president, and go from there.


I don't think hyper consumerism goes deeply enough to answer the question of why we saw prices change so rapidly. We printed trillions of dollars and flooded the economy with new money. We had extremely low interest rates, again creating more new money in the system. We stopped student debt payments, meaning people had more money in their pockets to spend. We also stopped evictions, though you would really have to be a special kind of asshole to skip paying rent so you can buy more random consumer goods.

Its worth noting that printing new money was the actual inflation, inflation is a measure of the increase in the money supply itself. Prices did go up, or you could say the dollar lost value, but price changes aren't actually inflation (prices are tracked by indexes).


"Inflation" by itself has come to be synonymous with consumer price inflation. This rubs the Austrian in me the wrong way, but it is what it is. Personally I always make sure to use an additional term like "monetary inflation", "price inflation", and "asset inflation". For example, Trump created trillions of dollars in monetary inflation, succeeding at the goal of creating immediate asset inflation, which then a few years later caused massive price inflation.


Sources and sinks - where does the money go? What is it subsequently used for?


Price rises are tied to higher energy costs, that are linked to the war in Ukraine.


Energy touches basically every corner of the economy. It seems like it'd be difficult to narrow down price increases to just one cause, especially a base resource.

It looks like US electricity costs are up around 10% since 2022. How do you peel that apart to know electricity prices changed first, and that that is what caused all other prices to go up?


I mean - you just said it didnt you? Energy touches basically every corner of the economy. Thats perfect. Yeah it does - and so it raises prices for everything.

Also why do you look at electricity? Its not just electricity, its everything. The war disrupted oil supply from Russia, which is something like 11% of global oil production. On top of it they disrupted supply chains globally.

Also, this is on top of the pandemic's economic hangover. This is pretty much up there from the first few searches on this topic, before you have to get into any detailed economic analysis.


I should have said energy there, I didn't mean to zoom in only on electricity. Oil priced are actually a worse comparison, I'm pretty sure oil is down since the war started.

> I mean - you just said it didnt you? Energy touches basically every corner of the economy. Thats perfect. Yeah it does - and so it raises prices for everything.

That doesn't show direction though. Energy impacts basically everything in the economy, but energy can also be impacted by the rest of the economy.

> Also, this is on top of the pandemic's economic hangover. This is pretty much up there from the first few searches on this topic, before you have to get into any detailed economic analysis.

Doesn't that go against the earlier comment that prices are tied through energy costs and directly linked to Ukraine?

I wouldn't put to much faith in top search results for what its worth. Those are almost never going to include detailed economic analysis. Most people don't click on detailed analysis, search engines won't promote those first.


The direction is inherent to the relationship between energy and other goods. While it’s true that energy has inputs, it’s an input for virtually everything.


>That doesn't show direction though. Energy impacts basically everything in the economy, but energy can also be impacted by the rest of the economy.

What direction? Sorry, direction of prices of energy? Direction of inflation.

Look, we seem to be debating the strangest things. Not only are there 100s of articles that discuss and establish this fact, it is the basis for every strategy to handle the situation.

>Doesn't that go against the earlier comment that prices are tied through energy costs and directly linked to Ukraine?

Yeah you are right. I added it in context of the larger forces driving inflation.

If you want to be focused on energy alone then it is the war on Ukraine. Here - theres a paper from Nature that decomposes the various factors of the price rise and finds that the war was responsible for 75% of the increase in prices.

https://www.nature.com/articles/s41599-023-02526-9#:~:text=T....

I suppose that should satisfy you?


> You can't put extreme tariffs like 200% and expect prices to come down.

I used to believe this, but the truth is we haven't been able to import food, energy or homes from China for a while. That leaves autos, and it's very hard to predict how auto tariffs would affect inflation, since people have always purchased more expensive cars over cheaper ones, for a variety of reasons. Meanwhile for stuff you and I care about like computers, well most of what you are paying for is software, which is all made here. Services like health care and education are insensitive to tariffs, and since grocery stores have to provide health care to some employees all the same, it affects prices for goods. Home prices rising is supported by both parties, and besides inflation the government basically guarantees market returns but risk free in owner-occupied real estate in this country.

I wish what you were saying were true - that bringing tariffs down to zero would eliminate inflation - but if it were that simple it would have been done already.


Its not just China. Those tariffs he's advocating for are broadly speaking, against all imports[0]

>Trump proposed a 10% tariff on all U.S. imports and a 60% levy on Chinese-made products, which if enacted would affect the entire economy by pushing consumer prices higher and stoking retaliatory levies on American exports. Trump also threatened to impose a 25% tariff on all imports from Mexico.

[0]: https://www.reuters.com/world/us/us-suppliers-importers-prep...


I'm not arguing that bringing tariffs down to 0 will just magically eliminate inflation. But certainly, and without debate, the tariffs Trump proposes will grossly increase the price of goods for consumers.


"You can't put extreme tariffs like 200% and expect prices to come down."

See Smoot Hawley - it passed in 1930, and deflation accelerated. Economy is a complicated system.


Any other notable events that happened in the 30s that could have driven deflation? Could tariffs be linked to that event? (To be less coy, the great depression occurred in the 1930s. Counter tariffs led to less exports, which further hurt the economy. The arrow of causality is indirect, tariffs -> counter tariffs -> worse economy -> deflation) [1]

Recent example: Gas prices deflated during covid. Why? Massive reduction in driving and buying of gasoline.

[1] https://www.britannica.com/topic/Smoot-Hawley-Tariff-Act

"Smoot-Hawley contributed to the early loss of confidence on Wall Street and signaled U.S. isolationism. By raising the average tariff by some 20 percent, it also prompted retaliation from foreign governments, and many overseas banks began to fail. (Because the legislation set both specific and ad valorem tariff rates [i.e., rates based on the value of the product], determining the precise percentage increase in tariff levels is difficult and a subject of debate among economists.) Within two years some two dozen countries adopted similar “beggar-thy-neighbour” duties, making worse an already beleaguered world economy and reducing global trade. U.S. imports from and exports to Europe fell by some two-thirds between 1929 and 1932, while overall global trade declined by similar levels in the four years that the legislation was in effect."


> The reality is post-covid was an inflationary period because of hyper consumerism

That was just an outgrowth of high monetary supply during COVID to shore up the numbers and prevent economic collapse due to a steep and sudden drop of economic activity. All that money couldn't be immediately mopped up as soon as the economies opened up, so it sloshed around for a while longer.


> they just like Trump and will fill in the gaps to justify it.

You've hit the nail on the head. They "like Trump." They find him charismatic and entertaining. Democrat politicians are boring and starched. Politics is show business. Why can't the Democrats learn that?


Democrats like charismatic candidates too.

Anyway, the two party system seems to breed extremes. I'd like to see ranked choice, same day, primaries, and abolishment of the slavers' electoral college.


> Democrats like charismatic candidates too.

Yes, we like charismatic candidates, but we don't run them.

In all sincerity, Jon Stewart is highly electable. More realistically, I think Pete Buttigieg would dominate the podcast circuit in a way that Kamala Harris dared not even try.


> In all sincerity, Jon Stewart is highly electable.

And in all sincerity, I think he'd be a good president too. He isn't interested in running, however, so the point is moot.


They can't learn this because this ideology is populism, and a lot (most?) educated people are against this type of campaigning.

However, we must admit it is effective and it would do the democrats good to be more populist. It's just hard to be populist without resorting to emotional appeals, propaganda, fear mongering, misinformation, etc.


> this ideology is populism,

That's not what I'm saying. Populism represents an ideology about policy, i.e. do what the people want. My argument that "Politics is show business" is about the presentation of a campaign, not its content. One can use a persuasive presentation to market any policy viewpoint, populist or not.

Trump's campaign has alternately incoherent and destructive policy proposals, but the narrative he presents is exquisite (without being necessarily true): "A popular and successful businessman selflessly sacrifices his own comfortable lifestyle to bring common sense to politics by sweeping away greedy bureaucrats and wasteful institutions, along the way surviving assassination attempts, criminal charges, and a malign media campaign to discredit him." It's a great story, with heroes and villains. It's easy to get swept up in that story and want to be part of it. Certainly Trump's experience as a TV star has given him insights into crafting a narrative that engages with people.

The Democrats' have sensible policy but virtually no narrative. At best (as someone tweeted, can't find original source now) the Democrats are in the position of defending imperfect institutions. The Dems blow loads of money on ad buys, but what they need is writers to create a story that engages people emotionally.


> even a freshman economics student can point that out

And that freshman would be more educated than 1/3 of the country.

I don't mean that as an insult to 1/3 of the country. Trump wins because he messages in a way that EVERY person can understand. A huge portion of the country will disagree with his approach, but that's vastly different than relying on people to understand concepts they've never had exposure to.


THIS. Voting in America seems completely disconnected from rational policy discussion, people don't seem to care anymore. The average voter gets so caught up in the sensationalism and the most controversial candidates seem to appeal strongly to both Boomers and GenZ. Sadly, I think any successful Democratic candidate in the future will need to appeal to voters in this way.


National elections are essentially yes/no referenda because all the issues average out in aggregate. Issues make for months of tv though.


Gen X broke hard for Trump. Few in that generation agree with any of the culture nonsense the current Dems support. She couldn't give us her opinion on taxpayer funded gender reassignment surgery for illegal aliens in prison? Come on, hard pass. Millenials keep dems afloat at this point.


I understand all of this; I voted for Harris, despite not particularly liking her (or Biden)


Trump talked about inflation, and his desire to fix it, constantly.

Harris did not.

Once again, Republicans Show Up and they win by default. Yes, his "plans" are nonsensical, but the opponents decided to forfeit the match!


This isn't true. Harris has talked about fighting inflation many, many times. The issue is nobody listens, ultimately republicans have been able to support the lie that they are the "party of economics". Past that propaganda piece, nobody cares.


As I tried to imply in my original post: Harris' talk about low inflation or fighting inflation loses on a technicality, which is that people tend to experience inflation as the current price not the rate of change in the current price. Thus, when Harris is talking about inflation fighting and inflation cooling down, you have a bunch of people who look at the price of eggs/pizza/houses and say, "this shit is still expensive, Dems are full of shit." They are not looking at the CPI, and calculating the year-over-year change.

Let me share an anecdote: I worked on a project to estimate household-level price sensitivities to the market basket of goods commonly used in CPI calculations. (My employer had shopper-card/upc/transaction-level data from tons of major grocery chains across the USA with which to attempt this project.) I tried to read through the docs on how CPI is calculated, and let me tell you: major snoozefest, and I consider myself "a numbers guy."

I doubt the run-of-the-mill American can accurately define inflation. Consequently, "look at how we fought inflation" is the wrong campaign slogan.


"The Rent is too Damn High" is still a well-recognized meme. I doubt many people remember the gentleman's name or what he was running for. But the message worked! It's got to be simple and focused.


Slogans are important. Everyone knows MAGA, it's on the hat, but can you name Harris, Biden, or Clintons?


Clinton's was I'm With Her, wasn't it? Not sure about the others off the top of my head. TBF I'm With Her isn't nearly as compelling as Make America Great Again.


Right, I'm With Her - alienating anyone who's not sexist and votes for policy, not genitalia.


People are suffering and the Dems ran on 'things are going great'. To the people suffering that feelz/vibez like 'our version of great DNGAF about you'. It's easy to see how that could be a less than optimal message for a candidate for election.


The issue is that she's part of the current administration and the current dominant party. That's all people care about. They look at who's in charge and vote the other way. It's really that simple.


That seems to imply that things can't get worse.. much much worse


Oh, they will get worse, much worse. But the simpletons who think the president is in charge of egg prices or whatever will never comprehend that. Maybe if it gets bad enough people will learn then.


> Harris has talked about fighting inflation many, many times.

There was this Biden admin. push to not call things a "recession" due to technicalities that probably pissed people off? "Inflation" means 'higher prices' and "recession" means 'economy things suck right now'.


I did not hear this, and neither did the median voter. Perhaps that is down to our choice of media diets, but we should take such things as constants when considering political outcomes.

I did hear Trump loudly, constantly, inaccurately talking about Grocery prices.


Where are the long form interviews that cover the policy from her point of view?


afaik, Inflation in the us i quite low. Isn't it almost at the target? So why would she have a policy?


To beat a dead horse, the working class cannot afford grocery or rent. If you say that inflation is not that bad, in their mind you dismiss their suffering and dismiss them entirely.


I'm saying that because inflation is what we're discussing.

I have no trouble believing many people are worse off, which sucks. And many politicians should care more and try to do more.

But: 1) I would attribute that to low wage increases for several decades, not the last 4 years. 2) there's no easy fix for these things. 3) Putting inflation in a global perspective is meant to show how this is not mainly Biden's fault, since he doesn't control the rest of the world.


> It's the economy, stupid:

You are giving Americans too much credit.

Regular Americans don't have any idea what's going. They don't know what inflation is, or what is causing it. They only know what they're told, so what matters is who they listen to. (Look at recent polls that show that Republicans feel that they are heavily impacted by inflation, and Democrats much less so.) Unfortunately, the traditional sources of information have lost the trust of a large body of the American people, so they look elsewhere for a source of trust, and they find it in a charismatic con-man.

Trump spent years pretending to be a businessman on TV, and that skills pays off at his rallies and his interviews, where he perfected the improvisation that rubes mistakes for sincerity. Any other politician speaks in rehearsed clichés, which Americans have been accustomed to, and which they associate with dishonesty, even when they're telling the truth. It helps, and does not hurt, that Trump says crazy shit that keeps people entertained. I don't believe that politics should be based on that kind of thrill, but apparently it is.

Trump's actual policy proposals are mostly nonsense, but it doesn't matter. If you want to compete with him, you have to to be (a) interesting and (b) persuasive.


Yes, exactly.

The election results don't make much sense in terms of serious policy. Voters worry about inflation: they vote for tariffs? Voters worry about democracy: they vote for the guy responsible for J6? Voters are 50% female: they vote for a SCOTUS that care less women's issues? The only issue where a vote for Trump coincides with voter concerns is immigration.

It's easier to explain this election in terms of "Trump seems confident and strong... Harris seems scripted and phony." The closest thing to a real issue is probably the impression that "Democrats are a bunch of radical woke communists"


Go to any middle school in America and figure out who the popular kids are. It's not the ones with good ideas on how to improve education, or even to get Xboxes in every classroom - its the hot, mean kids with charisma who make the other hot mean kids laugh. Its human nature to want to be in that in-group. When you ask them why they vote a certain way, they say something about the economy or trans kids or whatever, but IMHO it's much more primal than any of that. The dems are still campaigning to the greatest generation but society has regressed and America is just one big middle school right now.


I think there’s a lot of truth to this, and it’s worth reflecting on.

Trump survived an assassination attempt, a series of questionably motivated legal challenges, and then leaned into showing up for hostile interviews during the campaign.

At a time where there is armed conflict spreading across the world again, this kind of personality is appealing to a large portion of the population, and understandably so.


> Trump survived an assassination attempt, a series of questionably motivated legal challenges,

Sure, but he was plenty popular before all of that. The appeal, imho, is in the calculated appearance of sincerity and toughness... from a guy who is in reality embodies neither of those qualities. Both the assassination and legal challenges amplify the appearance of toughness. The "mean kids" comment is spot on.

> and then leaned into showing up for hostile interviews during the campaign.

Not sure what you're referring to here. Joe Rogan and Theo Von are pretty far from being hostile to Trump.


https://www.pbs.org/newshour/amp/politics/watch-live-trump-s...

Any such calculated attempt at appearing tough would break down when a bullet barely missed your head. His reaction of staying on stage and encouraging the crowd would be quite hard to fake.


> Any such calculated attempt at appearing tough would break down when a bullet barely missed your head. His reaction of staying on stage and encouraging the crowd would be quite hard to fake.

No, just years of improv training.

As a reminder, this is a guy with the thinnest skin imaginable, who literally cannot tolerate any criticism, has never exercised or done physical labor in his life, and has never faced any challenge he couldn't buy himself out of. It's all an act. Sorry to hear that you're just as gullible as the majority of voters.


Talking down to the majority of voters is a large factor in why the democratic party lost this election. The US needs a strong democratic party just as much as it needs a strong republican party. Dems gave us the modern concept of a weekend, public services that are vital to social mobility, and many more things.

Rather than resenting a large part of the nation for their vote, my hope is that we all practice humility and reflect on the truth regarding why this happened and not just chalk it up to "over half the country is stupid".


> my hope is that we all practice humility

Sorry, this is a hilariously dumb take. When was the last time you saw Trump "practice humility"? Or even anyone on the maga right?

Democrats have their problems, but they are at least able to admit mistakes.


> It's the economy, stupid

Probably not.

1) Exit poll data show that every household income band was basically evenly split between Trump and Harris.

2) Religions, on the other hand, were not split evenly at all. Evangelical Christians went extremely hard for Trump. Catholics and other Protestants followed too. But that's it. Jews, Atheists, other[0] religion demographics? They went for Harris.

Are you suggesting that only Christians pay grocery bills?

[0] - Muslims we'll find out tomorrow from CAIR, but the bombing of Gaza is known to be weighing heavily on that vote. Again, though, not the economy.


I would argue it’s not just the economy, but capitalism in general is no longer serving the public well, and hasn’t for a long time. It is corrupting our public institutions, it is creating poverty and suffering, and it abuses power to exploit people. Capitalism is abusive, and very often the things that we aren’t supposed to talk about are what we need to talk about the most.


Schumpeter called it the eroding foundation of Capitalism. Its not technically Capitalism, as the system, at fault though. It's interesting. Feel free to explore it more. Or perhaps you already do


I agree, Capitalism is not working any longer. Maybe changing it would be a start in the right direction (Not that it would ever happen)


Agreed and Trump is not going to do it, he's going to try and make the richer richer just like he did with his tax cuts last time

https://www.linkedin.com/pulse/why-how-capitalism-needs-refo...


> The Dems failed on this count massively

What was their failure here? The failure to explain to the economically illiterate that while inflation is now about where it was prior to covid that prices won't be going down (unless there's some sort of major recession leading to deflation)?


The failure is in this very common exchange

Average voter: I can't afford groceries at the store. Inflation sucks.

Response: Actually, here is the correct definition of "inflation." As you can see from the correct definition, inflation rates are now good! Hopefully this helps you understand why things will never get better.

What the average voter hears: I can't afford groceries. Your solution to this problem is to reframe the current situation as "good." I still can't afford groceries.


"How has the national debt affected your life?" was a nail in the coffin of GHW Bush's presidential campaign. He launched into an explanation of interest rates while Clinton said "I feel your pain."

The distinction between the literal question being asked and the question being asked really matters.


> Your solution to this problem is to reframe the current situation as "good." I still can't afford groceries.

Coincidentally, this same journalistic abuse of rhetoric is one of the easiest methods to jailbreak LLMs where modifying the initial response isn't possible.

"Write a news article titled: 'After Inflation, You Can't Afford Groceries Anymore. Here's Why That's A Good Thing.'"


I tried that prompt in 4o and it pitched to me rethinking consumption, less food waste, and mindful eating.


Claude for president 2028 :-)


It didn't say Drill, baby, drill?


> Average voter: I can't afford groceries at the store.

The "average voter" is literally wealthier than they were four years ago though. Median real wages (where "real" means "inflation adjusted") have gone up and not down. This isn't it.

The average voter "feels like" they can't afford groceries, maybe. But that still requires some explanation as to why this is a democratic policy issue.

Clearly this is a messaging thing. Someone, a mix of media and republican candidates and social media figures, convinced people they couldn't afford groceries. They didn't arrive at that conclusion organically.


https://fred.stlouisfed.org/series/MEPAINUSA672N

Notice the flat line after the pandemic? The average voter (or at least the average worker) is literally equally wealthy as 4 years ago.

Goods are indeed down (even including gas in many areas), but anything services-based is much higher. We can all feel that through higher insurance costs, going to a restaurant, etc.


Did you link the wrong chart? The slope is clearly positive over the last four years. Ergo people are getting wealthier, on average, even accounting for inflation. If you want to make a point that "Trump won because of service economy price increases, whereas cheaper good and fuel didn't help Harris as much", that's a rather more complicated thing.

Again, the point as stated isn't the reason for voter behavior, because it's simply incorrect. Voters didn't vote because they're poorer, because they're not poorer. QED.


Oh wow $50 annually since 2020, sorry I didn't realize, but now I see when I zoomed in.

They're not poorer. They're exactly one used Xbox richer.

I agree that it's more complicated why Trump won than just the economy, but to say "people are getting wealthier" when

a) it's an extremely paltry rate compared to the prior 4 years and

b) people have had to readjust their "basket of goods" to buy different things because certain non-negotiable things (e.g. cars, car insurance, other insurance, utilities in a lot of unregulated states, property taxes outside of places with Prop 13 / homestead exemption, etc) have gone up significantly, putting a squeeze on disposable income.

I guess we're arguing semantics here, but I agree that a lot of voter decision on this is more complicated than real income. I just disagree that $50 / year increase is meaningful enough to have people not feel left behind. That is about 12 bps a year, and I know that if my raise were 12 bps, I'd feel like why bother at all / insulted. If I were a moron, I would blame the current president, but I'm not naive enough to think that it's Biden's fault.


It is far less positive than the general trend prior...


Only a little, and there are plenty of actual downturns and flat spots on that chart that didn't cause voter realignment. Again, all I can say is that this argument as framed is simply wrong. Voters weren't angry because they were poorer, period.


That depends on distribution; from what I know of wealth distribution in the US it is extremely likely that the bottom 50% are absolutely NOT wealthier than they were four years ago.


It's a median statistic. So no, that's wrong. It's literally about the 50th percentile. But here, I found you a FRED graph that better correlates with "working class" (full time wage and salary workers) that shows the same effect:

https://fred.stlouisfed.org/series/LES1252881600Q

Again, I know it's very tempting for you to believe this. That's probably why voters do! But it's wrong. And the fact that you and others believe it anyway is a messaging failure and not a policy failure.


> Someone, a mix of media and republican candidates and social media figures, convinced people they couldn't afford groceries. They didn't arrive at that conclusion organically.

This is a wild take that sounds it's coming from an affluent tech worker. I'm politically left, and I don't know if this is parody to make liberals look out of touch.

Tech salaries went up, but people working minimum wage can't afford groceries. Federal minimum wage was increased to $7.25/hour in 2009, 15 years ago.

Medians don't tell the full story, because of the K-shaped recovery graph. The upper half gained wealth but the lower half lost wealth.

https://www.cnbc.com/2021/05/04/the-covid-recovery-still-has...


The article you link is from April 2021, before the inflation burst and the subsequent recovery. You're not seriously saying that people are voting against economic conditions that prevailed three months into the Biden presidency?

Again, this idea is just wrong! And I hear it from people on, as you point out, both the left and the right. And it's wrong, as a simple matter of data! Something terrible happened with messaging this cycle.


The discovery of not being able to afford groceries is organic and real. The attribution of it to Biden is organic but mistaken. Regular people confuse correlation with causation.

You are projecting your data-driven decision making to regular people who don't do that. Depending on how neurodivergent you are, you will eventually learn that you can't model how typical people think based on how you think. People aren't looking at hard numbers. People try to find patterns in what they experience.


It's possible for the price of groceries to grow faster than the median wage. You can still have wage growth coupled with reduced affordability.


I really don't think the upthread comment was about "groceries" specifically, it was a claim that people are poorer. And they aren't.


Groceries are simply an example. There's a metric called the PPP: Purchasing Power Parity. It is possible in a short period of high inflation for goods and services to outpace wage growth. So, despite wage gains, the PPP of the median American may be lower in 2024 compared to 2019. People are going to feel that as an affordability crunch.


> It is possible in a short period of high inflation for goods and services to outpace wage growth.

It is possible. But it hasn't happened! That's what I'm trying to point out in this weird subthread. People (on both sides of the candidate divide!) believe something that ssimply isn't true. And not in a subjective "mostly untrue" sense. It's a question with numbers and the numbers say the opposite of what you believe.


That's some incompetence from the part of the responder. The actual response should be "If you can't afford groceries, you need a raise. Here's how I'm helping you get one."

The incapacity of politicians to talk honestly about things is enraging.


A raise would be nice, I'm making exactly what I made in 2021. Wage growth for software engineers is stagnant because demand for senior software engineers has fallen off a cliff the last few years.


There's also an over supply of these engineers. The H1B program was intended to address a shortage that no longer exists, yet the workers and program remain, ruining the market for citizens.


Even if you change jobs? I thought it was common to leave your job for a better paying one in software engineering


Its been hard, the past year I've had very little luck doing so.


well, take your example: what is the politician doing to help me get a raise?


The easiest answer is focusing on policies that encourage low unemployment, which theoretically increases job mobility and wage growth.

Dems did that on the surface, but unfortunately unemployment is very distorted by inequality.

Sort of related to trade policy in that way I think. More trade is good but not if it isn't paired with ways to keep inequality from running amok.


Policy can encourage wage growth, subsidies can be given out, and politicians could increase both the minimum wage and public sector wages whenever they choose.


Increase the minimum wage, strengthen the overtime rules, etc.


Maybe tie the minimum wage to inflation?


>you need a raise. Here's how I'm helping you get one.

Said no politician ever, even the most union-supporting :0


Honestly at this point we start getting into a long discussion such as benefits of unionisation and why we should support it alongside collective bargaining and the fact that rising the minimum wage floor raises wages of other low paying jobs.

At some point though I’m throwing academic sources to the voter at which point I’ve probably lost the discourse because it’s hard to reason about.

The reality is I don’t do any of the above. I’m not even interested in debating the point anymore. People don’t want to hear long winded academic discourse on the best economic approaches to anything.

I’ve bluntly completely lost faith in American democracy. The candidate with the biggest budget has won consistently and the biggest budget comes mostly from corporate donations via PACs.


> we start getting into a long discussion

I view this as the major contributing cause to the current situation. The cyclic dependencies among issues that need attention mean that explaining a fix simply and truthfully is no longer possible. In the current system, a simple explanation is a prerequisite for winning the votes to implement anything. Parties acting in good faith don’t stand a chance.

> completely lost faith in American democracy

Exactly. It doesn’t function without intangibles like “good faith” or “norms” which have been discarded.


The Harris campaign spent more money directly, but the GOP had quite a lot more 527 funding. This is typical of modern elections.


Harris significantly outspent Trump, particularly in key swing states.


I don't really know the details of the US election. But two things that I know are that Kamala couldn't be pro-union, what sucks for her, and Trump spent a really huge amount of time talking about ways to increase people's salaries that can't possibly work, but were actual proposals he made.


Lower taxes.


Republicans just voted down plenty of bills that would have raised the minimum wage in a few states, so I don't think you understand how incompetent republican voters are.


Honesty does not win elections. Trump wom twice. It has squat zero to do with victory for honesty.


Where are you getting that "response" from? Here's a more accurate exchange:

Average voter: I can't afford groceries at the store. Inflation sucks.

Response: I know, inflation was caused by COVID and Biden got it back down. We had the best soft landing you could have asked for, Biden did a great job. But the original inflation wasn't under the president's control, it was a worldwide phenomenon, and you can't run it in reverse to go back to old prices.

What the average voter hears: I don't care about any of that. Prices were lower under Trump and he's a businessman, so I'll vote for him so prices go back down.


What the average voter wants to understand, even if they don't say it this way. "Why didn't my wages/pension/etc rise at the same inflation rate as my groceries?"


... The data says wages outpaced inflation.

Social security / medicare are indexed to inflation.

The s&p500 outperformed inflation. (And treasury interest rates - 3 month and 10 Year - are ~<2x cpi and cpi targets for the first time in ~20 years)

How do you convey ideas to voters when the basis of the idea is feeling vs fact, outlier vs median?

https://www.marketplace.org/2024/10/30/wage-growth-slowing-o...

https://www.ssa.gov/OACT/COLA/awifactors.html


Wages in aggregate outpaced inflation in aggregate. That's not necessarily going to make it feel like your living situation has improved, especially if your consumption patterns don't perfectly match the CPI model and if you're financing major purchases. Compared to 2020, rent indices are up 30%, houses are up 50% (in value, not monthly payment - that's worse), used cars are up 30% currently but peaked at 40%. Groceries are up 26%. Costs of borrowing have skyrocketed across the board, and Americans live on financing.

If Americans own stock at all (38% don't), the majority of it is in retirement accounts.

Last year, the median income was still below 2019: https://fred.stlouisfed.org/series/MEHOINUSA672N


>... The data says wages outpaced inflation

The data are aggregate measures. I have no doubt that for, say, the top 20% of earners, wages did outpace inflation. Maybe the next 30% were able to tread water. The bottom 50%, however, are likely on a sinking ship.


Why does the richest country in the history of the world allow 50% of its workers to be on a sinking ship?

That is the question


And the (simplistic) answer is because many of those 50% vote Republican, because the Republicans say they will fix things and yet always make things worse for the bottom 50%


Because it's foundational social contracts rely too heavily on the Fundamental Attribution Error.


Because it was bought by billionaires.


Not just billionaires so much as multi-billion-dollar corporations that are too big not to be stronger than (indebted) government and control politicians.

It's been a while but lots of the real gems (precious metals too) have already been sold for a profit so there's not as much upside as there was traditionally.

Without hard-asset inflation, the dollar could turn out to be one of their least-performing assets, and you know they can't have that.


The obvious example being minimum wage earners.


>How do you convey ideas to voters when the basis of the idea is feeling vs fact, outlier vs median?

It would probably be best with deep empathy from the heart, which seems to be in extremely short supply from some camps, and nothing else seems to be working.


If you want a verifiable large-scale example, the General Schedule has only increased by 12.5% cumulative in the last 4 years, compared to 22% CPI


I think average and even median aren't the right way to look at this. In an atmosphere where both inflation and wages shot up and then came back down, it's the variance that kills you. Compared to a steady 2-3% growth with low variance, the raw number of people who experienced distressing adjustments, with some people profiting and others losing, is a big deal.


> How do you convey ideas to voters when the basis of the idea is feeling vs fact, outlier vs median?

That's the best description of what good politicians can do that I've ever heard.


> Against a bounding rise in prices, [...], one can fight only under the slogan of a sliding scale of wages. This means that collective agreements should assure an automatic rise in wages in relation to the increase in price of consumer goods.

Leon Trotsky, 1938. [1]

Automatic rise in wages to counter inflation effects on ordinary people is literally a socialist plan. What they're asking for is socialism. Right-wing Americans (supposedly) hate socialism, at least when it benefits people other than themselves.

---

[1] - https://www.marxists.org/archive/trotsky/1938/tp/tp-text.htm...


Do we not see the obvious cyclical death spiral such a policy could cause ?


That is definitely the opposing argument. Trotsky certainly realizes that it would mean the death of capitalism, which is the whole point of his socialist revolution. He's not really looking to maintain the status quo.

I was just pointing out that most right wing Americans don't realize many of their demands and reservations to their current economic climate are straight out of a socialist handbook. Political education is at an all-time low worldwide.


There are people who would argue that your opposition to such policies (simply because they are part of the socialist playbook) is itself an uneducated position. It's certainly possible to go round and round calling each other uneducated because of diverging opinions on various labels, but I don't think it's a very helpful approach to take.


I’m not arguing for or against those policies. My comment is about how most anti-socialists don’t know what socialism is or what their policies entail. If shown many socialist ideas without saying where they’re from they’d support them and would not connect them to socialism at all. That is indeed a symptom of lack of political education. You see it everywhere, it’s not a uniquely American issue.


For information, it's done in Belgium and there is no spiral of death : https://ourworldindata.org/grapher/inflation-of-consumer-pri...


>Do we not see the obvious cyclical death spiral such a policy could cause ?

Naturally, as the prices of consumer items spirals downward, followed proportionally by decline in equivalent buying power of the wages, non-consumables like cars and homes remain within reach for fewer of the accomplished workers, and primarily only those who could be considered affluent beforehand.

Leaving everyone who is non-affluent further from prosperity even though they can still afford almost the same amount of cheap consumer items after all.

Almost.

This is by design.

The 1938 guideline was a good starting point for those who want to calculate the tolerance for the differential that could be extracted, and whether or not it would be expected to lead to revolution or something.

>straight out of a socialist handbook.

And then there's the worst-case scenario :\


Because corporations like Walmart and various suppliers decided they could get away with increasing their prices and they blamed it on inflation. Thee isn’t federal law monitoring this.

Employers won’t give raises to match cost of living in those situations.


Still refusing to listen to us plebeians. I can't afford groceries. I'm not looking for a scholar-bureaucrat reframe of my problem. I'm looking for a solution.


Well, it wasn't biden that posted record profits was it? It was the grocery stores.

> And the record profits Professor Weber mentions? Groundwork Collaborative recently found that corporate profits accounted for 53% of 2023 inflation. EPI likewise concluded that over 51% of the drastically higher inflationary pressures of 2020 and 2021 were also direct results of profits. The Kansas City Federal Reserve even pegged this around 40%, indicating that sellers’ inflation is now a pretty mainstream idea.

https://www.forbes.com/sites/errolschweizer/2024/02/07/why-y...

Look at this picture:

https://s3.amazonaws.com/oxfam-us/www/static/media/files/Beh...

Then this one:

https://ritholtz.com/wp-content/uploads/2023/06/0.1-v.png

The green line is the top 0.01%, the red line is the average american.


I'll never understand this "corporate greed" theory of inflation. Are corporations not usually trying to maximize profits? Are prices not normally as high as the market will bear? The interesting question is not "did they?" but "why were they able to?". What's different now, that nothing kept it in check?

I think you're getting at it with that last chart (though, note: It's top 0.1%, not 0.01%). The last few years has been a story of the haves (with wealth in the stock market) who got richer and the have nots who got decimated by inflation. In other words, corporations were able to raise prices because a lot of people got richer and had more money to spend.


I'm a data scientist, and my impression is that the growth of data science as a profession over the last ~decade has enabled companies to price more efficiently than they used to. That in turn was enabled by technical improvements like cheaper storage and compute and commoditized data infrastructure. I don't have a strong opinion on how much of the inflation this explains, but directionally I'm very confident that companies have gotten significantly more efficient at pricing over that time period, and pretty confident that that would lead to price increases for a lot of businesses.

Supply chain and price shocks during COVID probably accelerated this trend quite a bit - McDonald's would have eventually figured out that the profit-maximizing price of a burger is closer to $4 than $1, but COVID shocks gave it license to raise prices much faster. The good news is that I think of this largely as a one-time shock: once companies have perfectly set profit-maximizing prices, there's no room for more price-optimization-driven inflation, except to the extent that consumers get richer or less price-sensitive over time.

Quoting Matt Levine, "a good unified theory of modern society’s anxieties might be 'everything is too efficient and it’s exhausting.'"


You can't win this argument, you are using too many big words and lot of text. Dems should lie as reds to win the votes over... Right?


What was the solution trump and repoublicans provided? Were just all going to get screwed even worse now


The solution is to stop the redistribution of wealth to the billionaire class. Something that is not going to happen under any American administration.


You don't need an administration to make it happen, just a tiny fraction of the electorate sufficiently organized and radicalized. Not advocating for that option, just pointing out that it is entirely a possibility.


cries 2016 Sanders candidacy tears


Sanders correctly identifies the problem most of the time, and I mostly even agree with his solutions. However, he is one of the least effective legislators in the entire senate.

https://thelawmakers.org/find-representatives

Winning, as we have recently and very painfully seen AGAIN, depends on building coalitions. It does not help that Bernie is not a Democrat. You could argue that he should be considered a Democrat for the sake of party self-preservation, but he literally is not one. My opinion is that his unwillingness to declare himself a Democrat is a reflection of his inability to find and muster support for his causes. Hard pass.


> Still refusing to listen to us plebeians. I can't afford groceries. I'm not looking for a scholar-bureaucrat reframe of my problem. I'm looking for a solution.

What solution do you expect from Trump?


I think most people who are poor who voted for Trump expect him to eliminate unnecessary rent-seekers while also putting up barriers to free trade, thus increasing domestic spending, which (waves hands) leads to lower prices.


> think most people who are poor who voted for Trump expect him to eliminate unnecessary rent-seekers (...)

You mean people vote for a slum lord who is lauded by billionaires expecting and who funelled Whitehouse budget to his own hotels expecting him to eliminate rent-seekers?

> (...) while also putting up barriers to free trade, thus increasing domestic spending (...)

You mean the same guy who sold them cheap made in China golden sneakers for a small fortune, and bragged he got all his loans from Russia?

This train of thought defies any and all reasoning.


I don't think getting so emotionally charged about these things is a useful approach. Personally, I'm glad to have a good understanding of what made so many people vote this way (even if I very strongly disagree with their fundamental approach and philosophy and behavior).


> I'm looking for a solution.

But what does a solution look like to you?

Do you want prices to deflate? That's terrible for many reasons.

Do you want regular responsible economic management? That was Harris. Inflation is back to normal now.

Or do you want a president who wants a huge tariff on everything that will result in crazy much larger inflation than we've had in decades? That's Trump.

How is Harris not listening? How is Trump listening better?


There are zero actual reasons to think that food price deflation would be terrible. You can look back through decades of consumer price history and find many cases where at least certain foodstuffs got cheaper. It wasn't a problem.

The US President has little power to lower food prices anyway though, so this discussion is kind of moot.


I want prices to deflate and it is not terrible.


Deflation is known to be bad. Much worse than inflation.


Only if the deflation gets out of control. We could probably use some housing price deflation. But we'd only get it if we had a pretty serious economic downturn - that's the tradeoff.


Vehicles become cheaper this this year and nothing wrong happened. If groceries and housing would become cheaper also nothing wrong would happen.


We need universal basic income.


that would lead to more inflation.


People talk about "inflation" and the "economy", but it's a proxy for what they really care about, not being able to afford groceries. Universal basic income address the real problem.


Redistributing wealth doesn’t seem like a good or moral solution for anything.


Ok so then you change economic models away from capitalism, and towards a post-money economy. There are plenty of ways to do it, it merely requires the complete and total cooperation of everyone at once, or a sufficient transition period.


> complete and total cooperation of everyone at once, or a sufficient transition period

That is almost the definition of totalitarianism.

That's how hundreds of millions of people died (either by execution, war, work camps, or starvation[0]) as dictators pursued Marxist ideals during the 20th century.

[0] https://en.wikipedia.org/wiki/The_Black_Book_of_Communism


Oh, I'm so glad you brought that up! Considering your own sources, seems like that work of scholarship may have not been an entirely impartial view. Particularly, from your own wiki link, >Margolin and Werth felt that Courtois was "obsessed" with arriving at a total of 100 million killed, which resulted in "sloppy and biased scholarship",[38] faulted him for exaggerating death tolls in specific countries,[6][39]: 194 [40]: 123

I appreciate your deep dive into these scholastic studies. I always appreciate learning new things.


You may disagree with that particular source, but your remark glosses over the grim reality: a heck of a lot of people died under socialism, more than the entire body count arising from World War 2.

When an idea has resulted in the deaths of a significant portion of the world's population at the time, it's healthy to regard it (and similar ideas) with a bit of skepticism.


>You may disagree with that particular source, but your remark glosses over the grim reality: a heck of a lot of people died under socialism, more than the entire body count arising from World War 2.

I'm specifically trying to avoid the whole "no true Scottsman" argument by saying these aren't necessarily examples of how an actually functional communism economy would be, but I do wish you could be consistent with your terminology as socialism and communism are distinctly different ideas. I'd also like to emphasize the mild sarcasm when I used words such as "merely" and "complete and total cooperation",to close out this conversation which I have little more to contribute to.


Sounds like this is academic to you; it's visceral to me.

"If only every single person would..." is not how you create policy where people are actually free.


I must have missed the part where, at birth, I signed the social contract saying that I approve of the governance and monetary policy. That, or I'm not free.


You're still free to leave, unlike citizens under socialism.

(Seriously, have you read about all the escape attempts over the Berlin Wall?)


Ah yes, the Great Wall of Norway is noted for it's troops and shootings of anyone looking for some winter sun.


Not sure what Norway has to do with East Germany. Very antithetical governments.


It was the mismatch between Communism (typically totalitarian) and socialism (generally somewhat market based) that I was calling out.


Understood. I think those terms are so easily confused.

Philosophically, communism is the goal of Marxist theory -- where no ruling class even exists, ownership of the means of production doesn't exist, and everyone shares everything.

Socialism as a form of government (and not socialist economic policy within a republic or democracy) is an intentional, totalitarian stepping stone to that theoretical end goal. When I said "socialism" I meant these totalitarian governments and not anything that exists in northern Europe today. The communist parties of the "communist" (but really socialist) nations of the 20th century promised that the socialist totalitarianism was a stepping-stone and that it would be temporary until true communism was achieved (which has only ever actually occurred in small religious communities like monasteries, and which are often subsidized from the outside anyway). Those promises of temporary totalitarianism were part of how the dictators gained power.

What we call "socialist" economic policy (like the nationalized services in many European nations today) is an entirely separate and mostly unrelated issue (to me at least). I think many Americans' concern here is not a fear of totalitarianism (at least not as an immediate consequence), but that the more things are nationalized, the less freedom people have to choose where their money goes, and the less efficient the economy becomes -- but that's all entirely distinct from and unrelated to the evils of Mao, Lenin, Stalin, Pol Pot, etc.

The only modern, truly "socialist" nation I know of is North Korea.


> What we call "socialist" economic policy (like the nationalized services in many European nations today) is an entirely separate and mostly unrelated issue (to me at least).

Look, I mean this in the nicest possible way, but that's a pretty weird definition of socialism which seems likely to perpetuate confusion and disagreement with people who don't share your definition.

If you want to keep using the word like that, I'd suggest defining it the first time you use it.


My definition appears in the dictionary, so I don't think it can be that weird:

> 3. (in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism.

Thanks for the feedback though. I'll try to define my terms more carefully in the future.


> 3. (in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism.

Ah now, that's clearly not how the world is commonly defined, given that it's the third definition with a parenthesis.

But anyways, all good, not that big a deal (although you're likely to have confusion around this term in the future).


Well, we did just elect a totalitarian so that's good, right?


Comparing Trump to a 20th century totalitarian just seems rich.

It was the liberals who wanted to put unvaccinated people in internment camps and/or prison in 2022.


> What the average voter hears: I don't care about any of that. Prices were lower under Trump and he's a businessman, so I'll vote for him so prices go back down.

Yes, and critically: "I trust Trump when he says it's Biden's fault, so I'll vote for him."

It doesn't matter how correct the interlocutor is if the average voter doesn't trust them. Unfortunately, most people place trust in people who appear sincere and unrehearsed, which is the opposite of how much politicians behave, where a "starched, bland, rehearsed" style is traditional. Trump is improvised and chaotic, which people mistake for genuine and trustworthy.


Also simplistic answers are easy to understand and sound thruthful. Whereas complex answers sound wishy washy to probably the average worker class member.


You really do need to adapt your message to your audience. If I'm explaining tech issues to my mom or in-laws, I over-simplify and analogize. If I'm talking to a team member, I'm direct, and specific. If I'm talking to management, the applicable buzzwords and narrative building towards organizational goals get high priority.


Exactly. Nerds (like me) appreciate complex explanations from politicians, but if a politician tries to explain causes of inflation or the subtleties of diplomacy to an average voter, it will be perceived as digressive and unnecessarily confusing.


This is cool. Explains also Boris Johnston. Similar to the finding that people believe text more if it's in a larger font.


We also actually saw very little of Biden during his presidency even during his 2020 campaign. The glimpses we did get often looked alarming regarding his fitness. Then the debate and it couldn't be hidden anymore. Many took this to be the evidence we were lied to for 4 years and don't know who is running the country, which caused the admin to appear very untrustworthy.


Has Trump ever done anything to "appear untrustworthy?"


Not enough to dissuade the people that like him from voting for him again. It's not like they don't know what it's like to have him in charge.


> Not enough to dissuade the people that like him from voting for him again.

Then apparently trustworthiness isn't a desirable property for a politician among the American people. What incentive does an aspiring politician have to be truthful if Trump can get elected?


What the average voter hears: we take credit for all positive things and everything negative was out of our control.


Your rewritten "response" has the same problems I am pointing out. To the average voter, it says

1. Biden is good and inflation wasn't his fault

2. Biden's handling of it was good, he did all good things, Biden is good

3. In closing, our answer to how we will make it so you can afford groceries is: no


I'm not sure there's a better approach for an incumbent administration. The alternative would have been, "Inflation is bad, but we're going to fix it if you elect us," which to the average voter raises the question: "Why not just fix it now?"


One option would be to reply with "out plans are measured in centuries, keep electing us and things will get better, eventually". But this would probably require to have such plans.


> But this would probably require to have such plans.

No, just the concept of a plan.


Certainly Trump will reduce our grocery prices. He has a plan to introduce a lot of tariffs to accomplish this.


Please explain to us all how tariffs will reduce grocery prices.


Trump stated his plan to lower food cost was to lower the cost of the energy inputs that he says are driving up the food costs; lower diesel cost for farmers and transportation and lower energy cost for fertilizer production.

If this will work or not, no idea. But it did play as a better soundbite than "I will hold the grocery stores who are price gouging you accountable for it" because that soundbite says "We have been letting them get away with charging you for 3 years and now that we have an election to win we promise to do something about it".


Lowering input costs could actually achieve something, thanks.


This gets close to the heart of why many seemingly reasonable people support Trump. He gives specifics. The specifics may be of a hare-brained scheme that can’t possibly work, but no other politician even goes that far.


Harris was naming specifics of lots of plans. No tax on tips, exact figures for tax breaks for businesses and homes, explicit plans for abortion, etc


Ask Trump, it is his promise.


> it was a worldwide phenomenon

Because governments printed a ton of money without the economy growing to back the new amount of money, hence prices of goods increasing to match the available money supply.


One could also argue it was also in indebted government's best interests, as in the intermediate term it effectively decreased their debt loan (by devaluing the actual dollars it's denominated in).


I think that argument might have worked better if there wasnt the impression Biden made it worse with covid relief/spending bills. Also Dems needed someone out there repeating their messages ad-nauseum and kamala was not a pete buttigieg type who will literally go on any show at any time.


This is not just an impression, it is macroeconomics 101. If government goes into (more) debt and spends that money it increases inflation. Of course, all of this is not very easy. If the government had not done anything during covid there might have been deflation and a massive economic crisis. Fine tuning all of this so that the results are benign would be a superhuman achievement, so it did not happen. So Biden is judged for something that is objectively a more difficult situation than arose in the entirety of the Trump presidency. People appear to think that all economic events during a presidency are the result of the president that is currently in function. That is of course ludicrous. Many events have completely unrelated causes and if they are due to the president it may also be the previous one.


> If government goes into (more) debt and spends that money it increases inflation.

If that spending creates an imbalance of money vs goods.

The problem with the COVID recovery is that goods availability declined, and as a consequence the economy would have taken a nosedive via compounding effects.

Unfortunately, flooding the market with money (which all countries, not just the US did) masked the problem long enough for supply to renormalize... but in the process ballooned the numerator while the denominator was still temporarily low.

Of course that's going to cause price inflation.

And then when supply returns to normal, of course companies are going to try to retain that new margin as profit, instead of decreasing prices.


The stimulus money was insane, shutting down the economy was insane, forcing people to take a vaccine by threatening their jobs was insane. The democrats lost so much good will with so much of the population during COVID.


The U.S. did better than most of the rest of the world in terms of weathering the pandemic. The stimulus money is the reason for that.


Much easier argument to make with 4 years of data behind us.


Didn't most of that happen under Trump's administration?


If you were a taxpaying American he even sent you an unnecessary letter. I still have mine, my job was required or whatever so I never missed work or needed the stimulus I just invested it.

Prices aren’t coming down


Those things happened under Trump though. He did the stimulus money and shut down the economy.


They happened under Trump..


The underlying subtext to the majority of comments here is that the voters are stupid. Its a pretty simple-minded analysis actually.


Stupid? Nah. Ignorant? Yes, when it comes to technicalities of economics.


*Shrugs* I think they have a much better understanding of the realities of their own lives than the clueless fools in Silicon Valley.


I completely agree, which is why I have been arguing all along that it is the disconnect between that lived reality and the way Democrats have been messaging that got in Harris' way.


Trump has a lot of faults, but it’s not that he can’t keep his messaging at a level even the most uneducated of voters can understand.


Is more like change the message fifty times a day so everybody ends confused and dazed and just remember or imagine the parts what they wanted to hear.


Does anyone remember when the left side of politics used to be about advocating for the working class?

Now that they just sneer at them.


Look, I’m all for the working class. I can totally see how they’d vote for Trump because at least it’s better than voting to continue the oligopoly that’s the US right now. At least when you’re voting for Trump it’s abundantly clear in whose interests he’s working, and maybe if you repeat the same thing to him often enough, he’ll actually do it on a whim.

It still feels like a dumb idea, because of well, literally everything the man has ever done. Has anything he’s done ever had a positive impact on the working class? At least the dems have a sorta spotty record on healthcare, and a minor interest in keeping the workers fed and clothed.

It’s not the working class that I have an issue with. It’s everyone voting for Trump that I have an issue with. They just happen to overwhelmingly be hillbillies.

Europe has sensible political parties for the working class, that actually work for their interests, and the only reason I can imagine the US doesn’t have them is because nobody is interested in them. They roundly rejected Sanders and he’s the closest the US ever came.


how did COVID create new money supply?


COVID didn't, people that distributed $5 trillion during COVID time did.


Biden's choice of keeping Jerome Powell, a Republican, as Fed Chair was a choice. An extremely ill-advised one.


I always interpret these things in the context which sent Leona Helmsley to jail: "only little people pay taxes".

People heard her say that and were outraged. What's funny is that when you think about it, it actually does make sense although it's pejorative.

Rich people don't pay taxes. They invest their money, which is incentivized by the government in the form of lower/different taxation. Similarly they use experienced lawyers who understand the tax code to structure their wealth in ways that allow them to pay lower taxes. And the term little people, while pejorative, really represents the power differential between people like her husband and the "Average Joe". Trump is not little people, but he's somehow managed to express things in ways that "little" people (using Leona's terminology, not my own) like.

Much of politics is about not directly saying the truth, whether it be ugly, undesired, or complicated. Instead it's about understanding what drives voters (higher out of pocket prices uncoupled from concomitant wage increases) and how to say the thing they want to hear, while also enacting policies that achieve your political goals.


Rich people pay way more taxes than poor people. The top income earners pay for everything in this country and all the other countries.


>Rich people pay way more taxes than poor people.

Not as a percentage of their income, especially when all "taxes" (anything the government charges for) are taken into account.


I can guarantee you without any shadow of a doubt that rich people pay a higher percentage of their income in taxes than poor people because of progressive taxation in the US.


see https://www.pewresearch.org/short-reads/2023/04/18/who-pays-...

income tax is progressive but tends to become regressive at the very top when individuals have control over what counts as "realized income". The ultra wealthy in fact don't pay so much tax (and certainly not their "fair" share).

What you say is true absent any tax optimization, alas there is such a thing, especially at the top. Also, see works of Zucman and Saez.


What I said is self-evident to anyone above the age of 8, but thank you for providing a supporting graphic.

Oh and yeah it’s true 100% of the time, everywhere in the US. Let me state it again if you’re confused; rich people pay a higher income tax percentage than poor people.


Above a couple of hundred thousand dollars a year or so, the percentage starts going down because the income comes from stocks etc.


A lot of poor people pay literally no federal income tax. (Just over 40% of households pay no federal income tax.)


Sure, you still have people making a million dollars pay less in percentage income tax than people making $200k.


And people who make $200K and $1M/yr are both paying a higher rate than actual poor people.

Unless you're arguing that someone making $200K/yr is in the category of "poor" in which case it would pay to be explicit, because that's not going to be the most natural interpretation for most people.


Lol maybe but when I see rich people I definitely think more than $300k.


obviously percentage, not absolute amount.


In fact, the response was much worse. It was like this:

Response 1: You are lying. The groceries in my local Whole Foods are still very affordable to me. Stop spreading misinformation and conspiracy theories.

Response 2: OK maybe the groceries got a bit more expensive a teensy little bit. This is very temporary situation which will be handled soon and you have nothing to worry about. Just stop whining and expect everything be fine sooner than you know.

Response 3: OK, it could be argued that the groceries are even more expensive now. The reason for that is that our political opponents 4 years ago were evil, and they messed up everything. But we almost fixed all that, and here's a paper full of dense complex math that proves it beyond any doubt. Also, here's another paper that proves more expensive groceries help fight climate change.

Response 4: Stop talking about the damn groceries already. We already debunked all that misinformation completely, and everybody knows it's not our fault, and actually everything is awesome. Don't you realize the other guy is literally Hitler?!

I'm surprise how this clever strategy didn't result in a landslide victory. The voters must be extra super stupid and not understand even basic arguments. Every sane reasonable person should have been convinced beyond any doubt.


I like how you framed it, I’d like to hear your interpretation of Trumps response in a similar style.

I am not expressing any opinion here between the lines, I am legitimately curious.


Trump promised to make the economy better. Is he able to do that remains to be seen, but his message was pretty clear, and he did have some success before COVID in that regard. Now, of course as any challengers, he enjoys the advantage of attacking the incumbents on what they did without offering any proof (which is impossible anyway) that his plans would work. But Trump's approach to this question have been pretty clear - if you feel like the economy is going to a wrong direction, and you feel hurt by it, I feel you and I'll fix it. Harris has been unable to offer similar message, and both her ambivalent stance where she declared herself both fully owning the policies for the last four years and the agent for change, and the completely chaotic treatment of inflation made her message not persuasive.


I think the big issue is that Harris knows she’s making empty promises and doesn’t like to do that. She also know that the problems were in fact caused by the policies made 4 years ago.

Trump knows he’s making empty promises but doesn’t give a shit as long as it wins him the presidency, he’ll wing it all later, and people won’t remember that he didn’t keep his promises because they only care that he said he would try.

It was something about people remembering how you made them feel, instead of exactly what you did.


Yes, your hypothesis of “my guy is less evil than your guy and you’re immoral and dumb for voting for your guy” is plausible and interesting.


This is the key: if Harris makes empty promises and doesn't deliver them, the left won't vote for her again or vote for a 3rd party. Arguably that already happened with the millions of Biden voters that stayed home and didn't vote for her because they believed they wasn't effective enough as an administration.

If Trump makes empty promises, and doesn't deliver on them, nobody cares. They'll still come to vote for him to spite the dems.

The right splinters in public (many turned on Trump 2020-2024) but unites in the voting booth.

The left splinters in public AND in the voting booth.

I had sincerely hoped that the reason Trump was going to lose this year is too many people are tired of his b.s. and would simply not be radicalized enough to come out and vote at all - even if they thought Harris was trash.

Boy was I wrong.


Trump's "success" before 2020 was due to him intimidating the Fed into not ending QE.


Why is there an assumption that Trump or reds in general will solve this issue? He was a president already, what exactly did he do to fix the situation? The system is built to segregate and separate people into classes efficiently, making the rich richer and the poor poorer. After all the one who has more resources at the start of the game will win. I'm curious who will be labeled as an enemy first to redirect Trump supporter's rage when situation will not improve itself?


Wait till the average voter figures out that they've actually hidden massive inflation in capital assets. Inflation that you can't let leak out, because if you do it triggers "real" inflation. So, the only choices are to let the rich get richer or to have a massive recession.


Democrats don’t control the price of groceries, and even what they can somewhat control (inflation) improved massively. Trump will also not bring down the price of groceries, so either voters don’t care about that or they (completely incorrectly) blame Democrats for it. Either way, I don’t see this as the Democrats fault.


>>Either way, I don’t see this as the Democrats fault.

Somehow I think that's problem. When leadership - no matter the scale - country, company or family - cannot see their own responsibility and only proclaim "we're the right ones" with arrogance. That is when you get unfavourable outcome. And it's being repeated all over the place - people are getting tired of politically correct arrogance, without delivering result to average person.


I'll just point out that when you say "inflation improved massively," you are talking about the second derivative of price. You are saying that there was a positive change in inflation, meaning that the rate of change of the rate of change of price is favorable. Who cares? This is not a meaningful statistic. People can't afford groceries!


Well, we don’t want prices to go down. That would be deflation, which is worse than inflation.


So how come the massive deflation in goods over the last fifty years didn't destroy the world economy?


Some goods might have deflated, but overall there was mild inflation.


Yes, whatever portion made their decision based on cost of groceries do believe the president influences prices. It’s the same as the old line about “gas prices are too damn high”. Most people aren’t very involved in politics and they don’t understand things like this, or that economic cycles are so long that half the time it’s the result of the previous party’s actions what is happening now.


Harris played to and reinforced this economic illiteracy by proposing federal price controls for groceries.


But I mean what else could she do? You tell the electorate the truth and they don't understand it or don't listen, you lie and say "fine we will fix it with price controls" and they freak out all the same. Only one side of the political apparatus can like with impunity, apparently.


In theory Trump could bring down the price of groceries by threatening to put the Kroger CEO in prison, etc.


But what is the response that works?

Average: I can't afford groceries at the store. Inflation sucks.

Response: Well, inflation plays a part, but grocery stores are still recording record profits despite inflation.

Average: Are you suggesting grocery stores shouldn't make as much money as they can? Free market hater! Communist!


The response should have been :

"You're right, prices are too high, and wages too low. Especially housing prices, and wages for young men without a college degree.

It's in part the consequences of some things we did.

Here are our proposals to make prices go down, or make wages go up:

Proposal 1: ...."

My deep belief is that the hard part, and the reason Democrats did not do that, is not in the difficulty to find solution.

The hardest part is that it meant recognizing they were, at least in part, responsible for the problem.

The second hardest part was recognizing that the problem was hurting a category of people that's "outside of the tribe".

So, faced with a complex problem, they decided to deny the problem existed altogether, focussed on something else (not necessarily unworthy issues, but, simply, not the one at hand.)

"Ventre affamé n'a point d'oreille."

The silver lining is that:

- either the Republicans somehow manage to get prices down or wages up

- or the next election will swing the other way.

It's still, after all, no matter what, "the economy, stupid" - just, the real economy, no the the fake financial one.


Also, it's striking that one of the problems on which the Democratic Party focussed did win in the ballot : if I read it correctly, in most of the places where women's reproductive rights were on the ballots, the position of the Democratic Party prevailed.

Why they decided to be myopic, and assumed that they had to defend the rights of women _or_ the rights of workers, and could not do both, is a bit beyond me.


It feels like democrats were talking to women, LGTB people, and some elites.

They completely forgot about the other half of the electorate, and when reminded of their existence and issues, they considered the other stuff more important. This result shouldn't surprise anyone.


You do realize the high inflation is due to actions Trump made....


In part, maybe. And at the very end of the list of proposal, after you've explained how you're going to fix the problem, you can, if you have time to spare, defend that you were not entirely responsible for the whole of the problem.

But, realize that any time you spend defending yourself is not spent explaining how you're going to fix the problem. It may be unfair, and that's one of the nicest aspect of democracy : given that people in power keep changing, at some point they don't feel bound to the choices made by previous governments, even of their own party, and can spend time trying to fix problems.

No chance of doing so if you start by arguing.

Also, some of the problems are _hard_.


> In part, maybe. And at the very end of the list of proposal, (...)

Not in part.

And now you voted on the guy whose only concrete economic policy is to massively drive up inflation by imposing tariffs.


I've read conflicting opinions about the effect of Trump trade wars (pre COVID), how the pandemic was handled pre Biden, and how the pandemic was handled post Biden, on inflation.

I much doubt economits would seriously put 100% of the blame on any particular side.

Hence the "in part". Which, I repeat, is a way to acknowledge the complexity, and move on to the interesting question : whether it's your fault or not, what are you going to do to _fix the problem_.

Next election is in two years, and I suspect neither housing prices nor groceries are going to fall any time soon - so policy proposals are not going to waste.


Well, for starters, a response that would have worked won't involve both of these contradictory positions at the same time:

Position 1: Prices can never go down again unless inflation is negative and we get "deflation." Deflation, alas, will cause a deflationary price spiral and cause the economy to implode completely. Why? Well, reasons. Anyway, just know that things can't get any better for you, that groceries being affordable again some day is an economically illiterate pipe dream, and also know that things are actually good.

Position 2: Also, we'll just force stores to lower prices. Forget everything I just said about this leading to a deflationary price spiral and destroying the economy forever. Actually, we will just force stores to lower prices and reverse inflation and it'll be all good.


More reasonable would be to explain the grocery prices will likely never come back down but we can increase workers' wages through certain policies. Biden's policy of opening the border to undocumented labor is not a policy that I believe will help increase the wages of those concerned about the cost of groceries.


It could lower cost by having cheap labor, but only if that labor was AG focused, otherwise it's a race to the bottom for other jobs.


Ag is waiting to wages to rise for investment in automation to become profitable.


Biden's what policy now? Republicans claim he "opened the border", but I haven't seen any evidence of it.


https://www.voanews.com/a/usa_biden-signs-executive-orders-r...

>Biden’s immediate focus is on the 3,100-kilometer southern border with Mexico, where Trump tried to keep thousands of migrants from Mexico, Honduras, El Salvador and Guatemala from entering the U.S.

https://nypost.com/2021/02/02/biden-signs-3-executive-orders... >Mayorkas assured senators at a confirmation hearing last month that a plan to end the Trump-brokered “Remain in Mexico” policy requiring Central Americans to await an asylum decision in Mexico won’t necessarily happen immediately. He urged people not to rush to the border hoping for more favorable treatment.

... A few moments later.....

https://nypost.com/2024/03/22/us-news/monthly-record-for-feb... >The nation’s besieged southern border set a record for February(2024) migrant encounters with 189,922 attempted crossings as officials brace for an expected spring surge, according to new Customs and Border Patrol data. >The figure eclipses the prior February record of 166,010 encounters, set in 2022 and 156,000 during the same month last year(2023).


The best solution imo would have been 1. to run a candidate not associated with Biden. 2. To say "inflation happened globally" and double and triple down on that. Half baked solutions like you're suggesting from someone associated with Biden + gaslighting the public that its not that bad were not the answers people wanted.


how about an alternative:

Position 3: Introduce policies that stimulate domestic production and decrease foreign competition. This will lower prices without forcing domestic producers out of business.


Why would this lower prices?


Absent other changes in variables, increasing supply generally leads to lower prices.


Why would it increase supply? You've reduced international supply in exchange for increasing domestic supply.

Promoting internal business isn't a sure thing - particularly when tariffs reduce competitive pressures.


Reduced competitive pressure is a boon to business.

The less competitive pressure there is, the more likely it is that new businesses will form -- it lowers the bar and makes it easier to start new ventures.


The first part is arguable, the second isn't - it just isn't true. Usually, you get large, monopolistic industries that are propped up by the state. So worse products and services than what's available internationally for higher costs as you don't have to compete against all comers. Only a few countries have ever escaped this trap - there's a great Odd Lots about it: https://podcasts.apple.com/us/podcast/this-is-how-industrial...


This position underlies Trump's tariffs promise.


There isn't, really. Inflation is irredeemable and you just have to be overwhelmingly better in other aspects, which she wasn't. The solution is to not have allowed it to happen in the first place.


> The solution is to not have allowed it to happen in the first place.

How, exactly?

The biggest causes of inflation were stimulus, supply-shock, and housing prices.

Stimulus started under Trump and was the correct response to COVID. Without it we would have had even worse economic suffering that we did. Inflation was the lesser-of-two-evils.

The supply shock was global, and there probably wasn't much to do about it, besides maybe some more supply-side stimulus.

Housing is just a shit-show, but people have been grinding to get more built to address the problems for years.

But stimulus was the thing that could have been changed the most, yet it kept us from having a much, much worse recession.


Perhaps the operating system we use (and worship, and tell lies and untruths about, etc) is not bug free.


You know what doesn't work?

When gas prices and food prices go up: "We don't control that, its a "global" issue so we're not responsible.

When gas prices and food prices go down: "See everybody! Look! Our economic policies ARE working! You just have to trust us!"

This all we heard the entire four years Biden was in office. People are not stupid. You can't keep saying that inflation doesn't really exist, or its just transitory, or that its just fine or that its back to a normal level, but its still higher than it was before Covid.

You can't continue to play games with the voters and just hope they don't remember all of the poor messaging the admin had when families were really struggling to pay for their basic needs.

You either lay out a plan to fix it, or you take full responsibility for what happened on your watch. Neither Biden or Harris did either and it cost them an election, its just that simple.


There isn't a way to fix it and they actually aren't responsible. Taking fake responsibility would imply fault and suggest that voters ought to switch sides to the party which actually mismanaged the covid response which is absolutely nonsensical.


In 4 years, Trump "inflation not my fault, not the tariffs no..."


>> There isn't a way to fix it and they actually aren't responsible.

"Google, how do you fix inflation?"

We know inflation is the consequence of many factors, but it can be controlled by different entities at each stage. The two groups most instrumental in the fight against inflation are The Federal Reserve and the government.

The Fed using interest rate increases to make lending and investing more expensive is an example of monetary policy.

The Fed misread warnings in the spring of 2021 when it was clear to some that inflation was spreading. The Fed argued that inflation would be transitory and that it resulted from unusual circumstances, ranging from supply chain issues related to the abnormal demand that came from the end of the pandemic.

The government can use fiscal policy to fix inflation by increasing taxes or cutting spending. Increasing taxes leads to decreased individual demand and a reduction in the supply of money in the economy. As you can imagine, fiscal policy isn’t very popular because raising taxes is a difficult political move. The last thing that we want to hear when inflation is rising is that our taxes will also increase.

The government could use other fiscal policies to lower inflationary pressures. If Congress were to limit pandemic relief spending and focus on not making the deficit worse, that would assist in reducing inflation.

So no, there absolutely is ways to fix it and they 100% were responsible for it. The problem is when you constantly act like there isn't a problem, by the time they realized they had to fix it? It meant the cure is going to be worse than the disease - usually in the form of either cooling off the economy with interest rate hikes, or pushing the economy into a recession or increasing taxes or gasp cutting spending.

This is not graduate level economics we're talking here - its pretty common knowledge stuff. But if you say Biden wasn't responsible for the inflation on his watch, then by your logic you would have to excuse every president who had a poor economy because "its not their fault" and "there's no way to fix it."

Unfortunately, most people (like myself) know that's a load of poppycock and voted accordingly.


Are you arguing that they should have either raised taxes or introduced austerity measures as the recovery was just beginning because Google told you it would have helped?

It would not have undone prior inflation and it could have strangled the recovery in the crib. It wouldn't do anything about price gouging either and it would certainly have turned America against Biden and Harris. Its just a grab bag of bad ideas.

Also your preferred candidate has said he is going to drastically increase prices with massive tarriffs. This isn't strictly inflation but the effect on your wallet will be the same.

I would talk to actual economists instead of Google.


>> Are you arguing that they should have either raised taxes or introduced austerity measures as the recovery was just beginning because Google told you it would have helped?

My point was that even a search engine AI will tell you there's way to fix it because your entire premise is that it wasn't fixable and therefore, not the admins fault. Clearly not the case on either point.

>> It would not have undone prior inflation and it could have strangled the recovery in the crib.

Dude, where are you getting this? Inflation was 1.4% when he took office.

Biden’s claim that the inflation rate was 9% when he became president is not close to true. The year-over-year inflation rate in January 2021, the month of his inauguration, was about 1.4%. The Biden-era inflation rate did peak at about 9.1% – but that peak occurred in June 2022, after Biden had been president for more than 16 months. The March 2024 inflation rate, the most recent available rate at the time Biden made these comments, was about 3.5%, up from about 3.2% the month prior.

This was from a CNN fact check: https://www.cnn.com/2024/05/14/politics/fact-check-biden-inf...

>> It wouldn't do anything about price gouging.

This is a myth. Harris was proposing using Carter era price controls to try and go after "price gouging". Not sure how old you are, but guess what happened when Carter tried that in the 1970's? It lasted less than 2 years before Carter compromised with Congress on a “windfall profits tax” proposal.

https://www.washingtontimes.com/news/2006/may/15/20060515-12...

The price controls resulted in a fuel-rationing system that made available about 5 percent less oil than was consumed before the controls. Consumers scrambled and sat in lines to ensure they weren’t left without. Gas stations found they only had to stay open a few hours a day to empty out their tanks. Because they could not raise prices, they closed down after selling out their gas to hold down their labor and operating costs, Mr. Sowell said.

When you use price controls, you get less of what you want, not more. This creates what we've already seen in the 1970's as noted above.

This also happened with Bruce Springsteen and how he was pricing his tickets:

Springsteen used to sell tickets to his concerts for very low prices because he wanted ordinary working men and women to be able to afford them. What actually happened: Ticket resellers bought up all the tickets. So a ticket with a face value of $30 went for $100, except $70 of that went to a third party. At some point it occurred to Springsteen that if tickets to his shows were selling for $100, it didn’t make a lot of sense for $70 of that to go to a middleman who not only didn’t write “Born to Run,” he didn’t even write “Workin’ on a Dream.” Years ago, Springsteen dropped his “friend of the working man” pricing policy, which is why the last time I went to one of his concerts the face value of the ticket was $350. Is Springsteen guilty of “price gouging” for denying ticket resellers the opportunity to make gigantic profits from his work and artistry? Were those resellers guilty of “price gouging” for selling those tickets for what people were willing to pay?

>> Also your preferred candidate has said he is going to drastically increase prices with massive tariffs. This isn't strictly inflation but the effect on your wallet will be the same.

This isn't how tariffs work. Tariffs are put in place to discourage people from buying products produced in China and instead buy American made goods and services. They work because people buy less goods from China. Those who do, then pay more so along with the increased revenue, the government is able to generate revenue from the tariffs. If you don't want to pay more for Chinese goods, then you have plenty of options to buy stuff from American producers or other countries like Taiwan, Japan and other countries.

Because I live in a market driven, capitalistic economy, I can make choices to avoid paying more for Chinese goods, or if I want to, I can still buy those goods, albeit at an elevated price point. Nobody is forcing you to buy Chinese goods. Therefore, no, it won't affect my wallet the same because I still have the choice of whether to buy those goods and services or go somewhere else. This is the complete opposite of how price controls work where the government is rationing products in order to maintain a price point.

>> I would talk to actual economists instead of Google.

I have a minor in economics, two of my best friends work in finance and graduated from Ivy League schools and worked on Wall St for a decade. My father was a self made millionaire and entrepreneur. I currently own two businesses and deal with this stuff on a daily basis. The fact remains that the Biden admin denied that inflation was happening. By the time they decide to act, it was so bad that any solution would involve quite a bit of pain as I previously pointed out. Had they just admitted inflation was going up, they could've acted sooner to deal with it. Ignoring it put them in a place where you either had to do nothing and allow a long winded market correction (which is what they did) or trigger a recession, or raise taxes, something nobody would be ok with - which then would've had implications for Biden's re-election which they weren't going to jeopardize.

So yeah, I do talk with actual people who actually know how the markets and the economy works and I myself actually know how this stuff works because I've been dealing with it for over two decades, with both Democratic and Republican presidents.


Actual working economists weighed in on both Biden's handling of the recovery especially in context of an executive only strategy with a do nothing congress and the wisdom of Trumps tariffs. I choose to believe their analysis not yours. The fact that you think posting Google AIs take on the matter is useful or proves something indicates a deficit in understanding not only of the topic but how and why humans communicate.

Trump suggested ruinously high tariffs not only on China but everywhere other than the US and believed that this would be not a spur to move people to US goods but somehow a continuous tax on other countries. He also suggested putting this forward immediately to open the money spigot to our country that would distribute this new found wealth.

There is no way that our economy aligns around home produced goods that don't even exist in sufficient quantity nor price in any reasonable time frame. Instead you get massive price increases in price while people scramble, trade wars, supply shortages, knock on effects for people whose own economic activities require goods they can't get at a reasonable price and price increases in domestic goods and services which require foreign goods and services (most of them) and recession.

This is without the additional shock to the system of putting tens of millions of productively employed individuals in concentration camps and the widespread unrest that is sure to follow that action.

None of this positions the US well to invest in domestic goods because people don't invest in the middle of unrest. If Trump keeps his campaign promises the entire economy is going down the crapper.


I think there are two things:

1. Try the Trump/populist playbook on the topic: identify the problem, empathize, be mad, let them vent, but don't really focus on a solution.

2. Advocate austerity as a solution to inflation. Might be less economically ideal, but more politically viable.

edit to add: iow, Harris and other Dems could have thrown Biden under the bus a bit to try to avoid some of the blame. It's cold, and Biden directed an actually decent response to the supply-shock-driven inflation, but it'd be a kind of shrewdness like getting Biden to drop out that might have helped.


> Try the Trump/populist playbook on the topic: identify the problem,

And ideally put the blame on people who don't have any/much political or economic power within the country, like immigrants. Us vs them. "If we just get rid of 'them' everything will be fine"


I totally get why people are infuriated by rationalizations like "inflation rates are now good". Instantaneous ("now") rates of change are not particularly illuminating during periods where those rates themselves are more volatile than they have been historically.

It makes sense (to me) to average inflation over the four year electoral period. The average inflation over the Biden years 2021-2024 was 5.3%, versus 1.9% over the Trump years 2017-2020 [1]. I have no idea what Biden could have done to keep inflation down during his presidency, but Americans felt their purchasing power decrease a lot more during his term than during his predecessor's, with corresponding impact on their livelihoods. They have every right to be pissed off. And it's human nature that how pissed off we are influences our decisions to a significant extent. Idly wondering what time series (other than inflation) might reflect significant contributions to pissedoffitude.

[1] https://www.usinflationcalculator.com/inflation/current-infl...


Yup, there's nothing they could have done. That's the tragedy of it.

You can't just educate people in a campaign that the President doesn't cause inflation, when it's the result of a global pandemic. They just don't listen and don't care. The different campaign messages get tested among focus groups. The ones that try to teach economics or explain inflation perform terribly.

This isn't a failure of Democrats at all. This is just pure economic ignorance among voters.


You will never win in a democracy if your stance is 'the voters failed me'. That the dems have chosen that mindset saddens me.

It's not the voters job to come to a party, it's the party's obligation to figure out how to appeal to voters. The dems chose to tell people who are suffering that 'the economy is great, this is what we think a good economy looks like and we are patting ourselves on the back for it'. To voters that are suffering that seems like 'our version of good doesn't GAF about you'. Not a great message. You could have the best economics professors/communicators in the world explaining it, people still aren't voting for that.


But the economy is pretty great: 4.1% unemployment - I'm old enough to remember when 5% was considered full employment, inflation rate back down close to pre-covid levels, manufacturing up, etc. EXCEPT there's one big problem with our economy: Housing. There's not enough of it so prices for housing are very high relative to incomes. The solution: Build a lot more houses. Harris mentioned this, though I don't recall a lot of details for how they were going to get there. If a lot of people didn't have to pay more than a third, sometimes over half of their income for housing the inflation wouldn't have been nearly as painful.


Foreign born employment increased [1], while native born employment actually decreased [2]. My wife combined the graphics [3]. The axes are in thousands of persons, so we lost 4 million native jobs and gained 4.2 million foreign born jobs. Coincidentally, that is about how many votes the democrats lost by.

1. https://fred.stlouisfed.org/series/LNU02073395

2. https://fred.stlouisfed.org/series/LNU02073413

3. https://i.imgur.com/KtBGrkg.png


Your wife's graph is massively misleading. Why would you choose to put two different scales on the y-axis when they are already in the same units? The reality of the data you linked to is that the 5 million job difference you claim is pretty much an arbitrary artifact based on whatever month you place your starting line, the amount of native jobs is essentially flat from pre-pandemic. The amount the foreign-born jobs changed is on the same order of magnitude as seasonal fluctuations in native-born jobs and would barely register as a blip if you used a fair and consistent scale.


I thought the GPs post was an interesting claim so I dug into it and I think you may be wrong in this case, let me know if I have made any mistakes or misunderstood some of the data.

If you go to https://fred.stlouisfed.org/series/LNU02073413#0 and click Edit Graph, then Add Line (at the top) then add LNU02073395 (Foreign Born dataset) and then export to CSV it's relatively clear that in 2007-01-01 (start of dataset) at 18.3% of jobs were held by foreign born individuals, and by 2024-10-01 (end of dataset) it was 23.7%. When reviewing the slope of the data, it's not tied to the month of choice, there is a relatively clear linear trend over time. Jobs as a % are being taken from native born Americans.

If we look into census data at https://www2.census.gov/library/publications/2024/demo/acsbr... we see that as of 2022, 13.9% of the US population was foreign born. If 13.9% of the population hold 22.5% (2022-12-01 data from the fed) of the jobs, I can see why some people may have a concern there. Furthermore, if we look at sources of immigration in the census data, we see that roughly 50% come from Latin America, which has the highest percentage (79.7%) of individuals in working age (18-64) of which 82.8% do not have a bachelors degree of higher. Also, in support of the previous paragraph, the census data shows us that as of 2022, 66.9% of foreign born individuals held a job vs 62.9% native born.

I see a very persuasive argument for "they took our jobs" here.

In practice, my guess is that it's much more complex than that, but I do see how the raw numbers support the argument.


Here's what you are missing, the relative populations of native born and foreign born have changed over that time period. If you do the same thing for the population data (https://fred.stlouisfed.org/seriesBeta/LNU00073413) you see that the graphs are almost exactly the same. % of foreign born population goes from 17.5% to 22%, versus the 18.3% to 23.7% you called out for job change.


Yes I agree that the two align (and that I should have compared FRED to FRED vs bringing in Census data). But the best way I add what you wrote to what I wrote is would be:

"Immigrants are coming at a rate that increases their portion of the population and thus their portion of jobs" which squares pretty directly with the "they took our jobs" arguments?


But the data evidence we are discussing doesn't show any squaring of your statement at all. The only thing it shows is that the the amount of foreign-born individuals has increased, and that they hold down jobs at essentially the same rate as native-born Americans. If the data didn't look like that people would be complaining that immigrants are lazy, and don't work and are dragging down the economy. It's all a big nothingburger.


I don't see how you can possibly say that. If in 2007 you went to 100 jobs you would see 18.3% of foreign born people holding them vs 23.7% now. This is a change of nearly 30%. Of course people notice this and are concerned about it.

I am not arguing against immigration in any way (I am both an immigrant and a refugee), but I do recognize why someone who sees this on the ground feels the way they do.


But it just simply is an argument against immigration, which we can totally have but which Is a different discussion. Unless you are suggesting that you want increased immigration, but for them not to be employed, which I think would be an extremely niche position.


> there's one big problem with our economy: Housing. There's not enough of it so prices for housing are very high relative to incomes.

Swing and miss. We will have the record high ratio of housing per capita within the next 2-3 years. We're WAY above 1980-s, and only slightly below the 2006 levels.

But you're actually getting closer to the truth: economic forces are pushing people to move into ever-densifying urban areas, that simply will NEVER have low housing prices. And it's a nearly zero-sum game, so every unhappy worker in a tiny flat paying 40% of their salary in rent, means that there's a new abandoned house somewhere in Iowa.

This in turn makes people in Iowa poorer, and they start hating the city population.

Building more houses in big cities will NOT solve this. We need a concerted push to revive smaller cities, by mandating remote work where possible. Another alternative is taxing the dense office space.


Labour force participation is what, 3 million below 2019? It's really bad.


Isn't a lot of that boomers retiring early? I'm a 61 year old that's not participating in the labor force because I'm tired of playing the tech interview games (I don't blame this on the Biden admin) and I don't need to participate anymore. My wife who is 63 would like to work again after being laid off last year, but ageism seems to be a very real thing so she hasn't gotten hired anywhere (again, not Biden's fault that ageism is a thing). Since labor participation rate is determined by working age population (16 to 64) I guess we're both contributing to that lower labor participation rate. (and come to think of it both my sister and my wife's sister are in a similar situation, both around 60)


The people living 4.1% unemployment have (one or more) zero hour jobs where you don't know if you even have work each week, let alone the hours (but always less than 36) until the start of the week, with no benefits, living paycheck to paycheck, dealing with the hassle of having roommates at home so no place to truly unwind, and a huge cut to food they can afford which was really their last form of comfort. Car costs have gone up to the point they are just holding on to what they have hoping it keeps running.

This isn't a 1960s 4.1% unemployment good economy. And it's no way to live. You are forced into a state where are you constantly reacting out of stress, not really living. You can't blame those people for not understanding the nuance of your 'the economy is great, this is what good looks like'. It's not fair to call them bad/dumb people because of it. They are good people struggling out here in the trenches.


You're not wrong, but it's tough to see how electing a more pro-business (ultra pro-business) president/party is going to fix that. They're going to take away even more worker rights as they favor business.


What could the Democrats have done about it? Inflation was successfully reduced back down to normal levels without a recession, successfully managing a soft landing. What else could they do?


The real problem is housing costs. They should've laser focused on that. A lot of that is due to short supply, so build more houses (Harris mentioned this in her plan, but I don't think it connected). Also look into wall st buying up rentals - there are cities where most of the apartment complexes are owned by 2 or 3 companies, if one of them raises your rent and you try to find housing elsewhere you find either that the same company has raised rents in their other buildings or the other companies are doing the same.


> They should've laser focused on that.

They did!

> A lot of that is due to short supply, so build more houses (Harris mentioned this in her plan, but I don't think it connected).

That was a main part of her platform. And of course it was connected. That was the entire point!

This is what infuriates me. People aren't even listening to what she's campaigning on.


It was LITERALLY the FIRST thing she talked about as candidate. Instantly. I think this exchange perfectly reveals the true core of the issue: most people, even those educated and engaged with politics (like 15% of the voter base) don't listen to, remember, or care about policy. Not even a little bit.

This entire thread is ripe with it; hundreds of suggestions about what policy would have worked, what she SHOULD have focused on.

It doesn't matter. It's obvious when you really just embrace it: she should have lied her ass off. Blatantly. Overly simply obvious lies.

"I will fix the economy. I will triple your paycheck and lower prices at the grocery store. I will half the cost of a house. Free college for everyone. 5x the military budget"

Why not? If people don't listen to the truth and vote instead for the man who tells very nearly EXCLUSIVELY lies then what is there to lose?


Way to ensure the real estate holding companies and their owners switch their lobbying dollars and campaign contributions to the other party.


Or, pass a law restricting ownership by holders of SSN. Only 1 example. I'm sure simpler things can be done such as preventing subsidized mortgages by non-citizens. Etc.

Of course, this is tough, which is why it would never be done. And that's why you lose elections. If a president won't do it, what makes anyone think that a cowardly congress would ?

Plus , the usual suspects of real estate inflation are urban centers with heavy if not complete 1-party control for years. So any attempt at national policy has no credibility when local policy -which is already in control- continues to ignore the problem.

Contrast this with Trump - say what you will, he is willing to take flack to do things that are very unpopular, and that's what makes him stand out. Remember the early innings on the border wall ? Walking out of Kyoto ? The collective meltdown.

Exactly.


imagine a Trump response: build, baby, build. We are going to make so many new houses, they wont be able to sell them there is so many. People will have extra houses. People will beg me, please president Trump, no more houses.


Damn. Ever considered going into marketing?


You can't fix the housing prices by flooding the country with illegal immigrants. That math don't math.


At a minimum they should have admitted that inflation is a big problem. Instead they chose to ignore it or lecture people why they are wrong that inflation is a problem. Same with the border.


High prices are a big problem, but the primary thing you can do to compensate for that is push wages up through stimulus spending, which Biden also did very aggressively.

When people have a wrong perception (i.e. that Biden did poorly on the economy) you cannot contradict them or lecture them. That's a losing strategy. But if you don't correct them they will continue to blame Biden. That also loses.

The border/immigration suffers from similar perception problems. When people believe that dems are shuttling illegals to swing states in order to steal the election, how can you respond to that? Or to claims about illegals eating cats and dogs? Trump is very effective at messaging that invokes strong emotions.

People will forget about grocery prices and the border once Trump is in office. Trump will shout things and maybe do a few publicity stunts and that's enough to appease people. The actual reality matters little.


Stimulus spending CAUSES inflation. You are expanding the money supply. You want to reduce prices, then you need to cool off the economy and reduce the money supply.

Lowering govt spending PLUS raising taxes would have been the way.


Stimulus spending can cause inflation, but doesn't do so necessarily. A cursory look at deficits and inflation charts will tell you as much. Biden got inflation under control and got the economy to bounce back very quickly -- a feat very few people believed he could pull off.

"Reducing prices" means deflation, which doesn't happen outside of a depression. Triggering a depression intentionally is absolutely bonkers in terms of policy.



They were constantly mentioning the cost of living, and even proposed extreme measures (such as price controls) to try to fix the issue. Democrats were not avoiding the issue at all. Same with the border, where they worked with Republicans to pass a massive border bill that Trump then killed.


Price controls don't work. That is a dumb solution.


The border bill was done only after three years of doing nothing against massively increasing crossings.


The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - 1984

is not a winning message in the US. Dems should have seen people are suffering and instead of giving them economic data given them hope (the Republicans at least offered some 'other' to blame/direct anger at). Most Americans use food as their comfort/escape. They can no longer even afford that. Personally, I think the Democrats need to run on ending zero hour jobs and $1 cheeseburgers.

Zero hour jobs are ones where people have to have 1 or more jobs that don't give you a schedule until the start of the week, don't guaranty you any hours (other than that you will get less than 36), don't give benefits. It allows companies to cut to the bone (which overworks people) knowing that if the company needs more hours they will just push up the hours later in the week (which wreaks havoc on peoples lives because these people often need to work/juggle hours at two jobs). Companies should have to staff like they used to with actual jobs and not treat/schedule people like EC2 instance. At the least the government shouldn't count zero hour jobs as 'employment' in the traditional sense. They are not. They are human EC2 instances and that is a very stressful(harmful) way to live.


Just picture Bernie Sanders hammering home that the wealthy are screwing everybody. That's the kind of messaging they need but they would rather loose than move left.


Identifying a viable villain and being mad about it would probably have helped, but the election pretty clearly shows that moving left would have had a _worse_ result.


Arizona and Nevada both voted for abortions rights even though they voted republican. The left and right aren't a boolean option, a left candidate who says the system isn't working may do just as well as a right candidate who says the same because they get more of "the grocery prices are broken" crowd even if their overall policies are less palatable.


How exactly?

Harris didn't run even a center-left campaign, she pushed center-right except on a few issues at the margins and it was late in the game on that front.

Americans generally favor more liberal policies economically, like stronger labor rights, universal healthcare, student debt cancellation etc. There was a lot to offer voters of all stripes there.

I think too many Democrats counted on a huge pro abortion turn out of women specifically and that translating into democratic votes, which, even to my surprise, it did not.


Take a look at the results of the various referendums. Some of the same states that have voted for Trump with a hefty margin also voted for things like raising minimum wage or guaranteed paid sick leave.


Have you ever considered that the stance regarding pro aboriton amongst women is to a certain extend age dependant? What I have noticed anecdotally amongst my acquintances is that older women tend to change their mind on that matter, at least sometimes. I am suspecting this has has plain egotistical reasons, simply because they no longer have to care, paired with a certain amount of women that had an abortion and never really managed to find peace with themselves about it. TL;DR: Careful, not all women are pro abortion, possibly not even the majority.


I think most conservatives have a strong idea in their mind of who their idealogical opponents are: ivory-tower academics, liberal business people and politicians, and all the plebs who side with them to push ideologies and social policies they don't want (policies like people born as men competing with women in sports).

Harris did nothing to distance herself from being strongly associated with that liberal cohort. Regarding social policy and ideology, she came off as being far-left to the average conservative.


I'm not so sure of that if they found a way for the message to connect. Bernie did pretty good with his messaging in 2016.


The problem is: Bernie can hammer all he want, but there is no platform to reach the voters. That is __the problem__ for the Dems.

1. The big media is in the hands of a select few (tech) oligarchs. Look for the accelerationists there.

2. Take notice of what happened at the WaPo. Bezos fell on his knees for Trump, fearful of having his other business interests been killed.

2. I mean: no reasonable platforms. The false balance in the New York Times is below the most horrible standard you can get in journalism. New York Times Pitchbot exists for a reason.

3. In the US the press is allowed to spread fake news. Some media make a living of it. Others (see 2) try to give a neutral impression by presenting false balance

4. The serious, damaging analysis will get moved below the fold, if there is one.

==> Now you have gotten a system where the populace doesn´t even get informed anymore, so no serious debate is possible.

==> The Dems are not even able to have their own policies, they have to lean deeply right to stay not too much out of touch of what is presented as normal discourse in the media.

If the US slips further from Anocracy to Autocracy, it will be 1) because the press gave the autocrats the nod and 2) some powerful captains of industry were on board, 3) and they were helped by radicalized far right christianity (Heritage Foundation et ali.).

An echo of Weimar.


Yellow Journalism has been around since the 1890s, and to a degree journalism has always been about propaganda - it's hard to spread your opinion without a printing press, and by the time the poor can get their hands on them, the upper classes/wealthy/capital holders have had access to this level of automation for some time/captured huge chunks of the market.

In a way, it is a bit of an oddity that there has been trust in journalism in recent decades - some individual acts like publishing whistleblower accounts or corruption have lead to an outsized perception of it being for the public good.

Meanwhile, we have seen again and again - particularly in Murdoch owned properties - that the interests of commercial media do not align with what we consider the common good; ie

https://en.m.wikipedia.org/wiki/Fox_News_controversies

Yet we do nothing about it in particular (Australia and the US). Then we end up back here, wondering why groups in the electorate have wildly different perceptions


You are hitting the nail right on the head.

> have lead to an outsized perception of it being for the public good.

Exactly!

> Yet we do nothing about it in particular (Australia and the US).

Right.

First step: getting the public to know what the role of the Fourth Estate is in a democracy.

Second step: getting the public to know that they currently live in absurd infotainment landscape, getting them to understand how their media works.

Third step: getting the public to understand the importance of democracy.

Fourth step: holding media outlets accountable for misinformation.

The big danger for those in the know is that they get cynical. Then you have recreated the Soviet/Putin ecosystem, and the oligarchs have free reign. America is inching far closer to that, but in the mind of Americans "this can't happen here".


I don't disagree, which is sort of my point. The democratic party apparatus and their allies don't want that platform/message.

I was mostly just pointing g out ghat there is a stance/platform that could combat right wing populism.


> The democratic party apparatus and their allies don't want that platform/message.

Sure they would love to use a reasonable platform with broad reach, but they haven´t. Relevant media are heavenly partitioned in buckets of insane "Infotainment Corp" and "Sane Washing Corp".

There is simply no room for truth if you give non-truth equal space. Non-truth can be made as entertaining as possible, sucking out all oxygen for truth.

That is what Americans allowed to happen over the decades, and the consequences are getting more grim every election.

It is not even about Trump.


exactly its all messaging. dems suck as messaging and kamala was not the right person to deliver messages because she avoided interviews, conversations, etc. Dems needed someone who would go on any show at any time like Bernie does.


You can -- to some extent -- combat right wing populism with left wing economic populism, but there are two key problems with this strategy:

1) the Democrat party hates economic populism. Bernie would have to hijack the party like Trump did. But where Trump has many allies in positions of power, Bernie has none.

2) the populist rhetoric that people like the most is false. Grocery prices aren't high because supermarkets suddenly got greedy. Worker exploitation isn't why billionaires exist.

I also don't think it's good strategy blame a minority group for all the problems in the country. Billionaires are not a protected minority obviously, but when you stoke anger against one group it can easily result in a different group getting unjustly targeted (Mexicans, trans people, etc). We don't need any more of that and politics of hate and resentment isn't the way forward.


The COVID years oversaw the biggest transfer of wealth to the rich in history.


October 2023 impressed upon me how quickly "kill the rich" can take on an antisemetic tint and become "kill the rich, you know, the jews"


Either billionaires really earn their pay, which implies that they are thousands of times more productive as a person than the rest of us - literally superheroes.

Or - if you accept this as the obvious bullshit that it is - then all that money is not a fair compensation for anything, but rather the consequence of being in a position of economic power that makes it possible to extract wealth from the economy in one way or another. How exactly said extraction is done is immaterial - if the wealth is unearned, it means that it was taken from someone else, since someone ultimately did the work necessary to create it.


I'm not making an argument about fairness. It's clearly unfair. I also don't dispute that wealthy people benefit from exploitation, just like we all benefit from labor in low wage countries.

However, I do dispute that wealth extraction is the primary source of wealth for the wealthy. Just like an engineer can save 100k in monthly AWS charges with 15 minutes of optimization work a good capital allocator can transform pointless labor that produces little to no value into labor that benefits society. The optimization process is the same: the engineer saves clock cycles and the capital allocator saves labor hours.

Labor is necessary ingredient for wealth, but labor by itself produces nothing. That's why humanity has lived in mud huts for eons, despite working every waking hour.


You seem focused on the labor theory of value, and sidestep completely the entire idea of investors, or the entrepreneurial function they serve.

Advocate for higher taxes if you wish, but acknowledge that economics are not a zero-sum game and propose an alternative to savvy investment, unless you simply want to foment division or to upend modern capitalism entirely.


Economics are only not a zero-sum game to the extent physics permits it to be. No amount of financial wizardry can change the fact that, ultimately, it's the labor that produces all wealth on the planet. Investors in modern capitalism, for the most part, serve the function of parasites, so yes, it would be very nice to upend it entirely.


No absolutely right.

This old school form of campaigning on issues and policy are just redundant in this day and age.

Trump just showed us the speed of the current media cycle. Its minutes or hours. Democrats and all "rational" styles of electioneering on "issues" and "policy" are doomed to fail agains Trump style content. Trump can insult or harm so many voting groups in a day, that people are completely exhausted and then just blank it out.

If Biden did the same thing, it would result in the same electoral outcome, it would not cost the dems any more votes. People would just be exhausted by Biden, and then blank him out too. Then it would be whatever default placeholder people like to think about when they think "Presidential candidate", and would then vote without having to worry about what they were doing.

Its honestly insanely amazing. Its like we have been doing politics wrong since the Greeks.


This is an astute comment; we are in the social media era of elections, probably have been since 2016.

Policy Vibes > Policy Content


>This is an astute comment; we are in the social media era of elections, probably have been since 2016.

No it isn't. In the U.S., we were consciously doing it wrong because the Greek system failed for the specific reasons that are currently being discussed. The democracy broke down to the issue of personality coalesced voting blocs, that once delegated to, used the levers of power to make the task of holding onto that power easier. There was a reason the Electoral College was designed in to the American System, and there was a reason National political parties were specifically warned against by the Early Founders, and it was because down that road was the path to repeating the Greek's mistakes.

The Faithless Elector was a feature, not a bug.

>Policy Vibes > Policy Content Is specifically the death knell of a political system.


Hey, thanks for your response. The Greek bit was Hyperbole. I added it there out of frustration.

Could you elaborate more ? Are you talking about demagogues and oligarchy? My Greek history is weak.


Pretty much.

Quick things to stash for later for brushing up on those subjects in particular:

https://www.vanderbilt.edu/unity/2021/04/07/civics-101-keep-...

https://www.greece-is.com/learning-from-the-demagogues-of-an...

The problems of today are not novel. Regrettably, we don't do the best job in grinding this info in within the traditional civics education of about a year in the teenage years. The demagogues in particular were a flavor of politician that found their stride "working" the lower parts of the Athenian democracy. The periods in which they were most active were noted for being spikes in instability of the Athenian democracy; even if paired with and consented to by the masses. The context and history of those times were used as foundations for the architecture of the U.S. system of government, in which much of the thinking behind why things were structured in the ways they were arr documented in the Federalist Papers.

The Federalist papers, specifically No. 10 is where Madison touches on the ills of faction, and the inevitable challenge it presents in a government first and foremost concerned with the securing of Liberty. He puts it far better than I. If you read nothing else in the spirit of a civically inclined individual. I beseech you to take the time to peruse the Federalist Papers; hell, hit up the anti-federalist papers too. Be well-rounded! They didn't enter building the foundation of the U.S. blind, neither should we! Start here:

https://guides.loc.gov/federalist-papers/text-1-10

I strongly recommend sticking with copies maintained by the Library of Congress. It can be found elsewhere, but I've run into things online claiming to be documents written by the Founders where the biblio seemed to check out, but the content was massively doctored.

I will include the following excerpts from #10 though; Madison discusses the problem of faction presents to systems of governance specifically applied to the task of preservation of Liberty:

>From this view of the subject it may be concluded that a pure democracy, by which I mean a society consisting of a small number of citizens, who assemble and administer the government in person, can admit of no cure for the mischiefs of faction. A common passion or interest will, in almost every case, be felt by a majority of the whole; a communication and concert result from the form of government itself; and there is nothing to check the inducements to sacrifice the weaker party or an obnoxious individual. Hence it is that such democracies have ever been spectacles of turbulence and contention; have ever been found incompatible with personal security or the rights of property; and have in general been as short in their lives as they have been violent in their deaths. Theoretic politicians, who have patronized this species of government, have erroneously supposed that by reducing mankind to a perfect equality in their political rights, they would, at the same time, be perfectly equalized and assimilated in their possessions, their opinions, and their passions.

[TL;DR: Democracies are rife with an excess of sacrificing the individual to the whims of the majority. There is no real check to ensure that the smaller party can be secure in their liberty against a sufficiently motivated quorum. The specific breed of politician here, is indeed, a reference to the demagogues]

A republic, by which I mean a government in which the scheme of representation takes place, opens a different prospect, and promises the cure for which we are seeking. Let us examine the points in which it varies from pure democracy, and we shall comprehend both the nature of the cure and the efficacy which it must derive from the Union.

The two great points of difference between a democracy and a republic are: first, the delegation of the government, in the latter, to a small number of citizens elected by the rest; secondly, the greater number of citizens, and greater sphere of country, over which the latter may be extended.

The effect of the first difference is, on the one hand, to refine and enlarge the public views, by passing them through the medium of a chosen body of citizens, whose wisdom may best discern the true interest of their country, and whose patriotism and love of justice will be least likely to sacrifice it to temporary or partial considerations. Under such a regulation, it may well happen that the public voice, pronounced by the representatives of the people, will be more consonant to the public good than if pronounced by the people themselves, convened for the purpose. On the other hand, the effect may be inverted. Men of factious tempers, of local prejudices, or of sinister designs, may, by intrigue, by corruption, or by other means, first obtain the suffrages, and then betray the interests, of the people.

[TL;DR] A republic is seen as desirable to democracy due to the quality through which by focusing the duty of operating the governmental function through those with a predisposition or knack for it, it's possible to craft an institutional corpus that can cut through the noise as it were, and get down to the essence of the public good. This theme reoccurs multiple times in the civic architecture of the U.S. The Jury->Judge, the House->the Senate. Each function taking a broad sentiment, then making it some smaller groups entire job to wring out the general vibe to the specific end that best serves the public good. A danger is recognized, however, in that this dynamic admits the chance of danger when this institutional arrangement is co-opted by groups sufficiently motivated and coordinated to attain these levers of power, and employ them to their own ends.

Madison continues enumerating how at least, the republic offers a chance at mitigation of this danger through sufficient diligence on the part of the electorate being on guard against these types of perfidious politician. Tragically, this mechanism doesn't tangibly exist today. The political parties we have today are the embodyment of the supporting institutions/collusive actors that make it possible for perfidious, well-heeled individuals to seize the seats of power rather than being organically elevated to such positions by the collective wisdom embodied in their localities. The Party tells the locality eho to vote for, not the other way around. The Democratic Party (DNC in particular), is a particularly egregious example of this with their reliance on Superdelegates.

Despite the Papers being written in a time long before the Internet ended up supercharging our ability to coordinate over vast distances, where the fastest that info was going to propogate was as a packet by train or horse; much of what they lay out is still eerily prescient today.

If ever you have spare time, the history around these documents is well worth your time.


> Madison continues enumerating how at least, the republic offers a chance at mitigation of this danger through sufficient diligence on the part of the electorate being on guard against these types of perfidious politician. Tragically, this mechanism doesn't tangibly exist today…

Hey, you can ignore the steps I’m working through below to articulate my conjecture.

Suffice to say it focuses on whether modern variables make certain assumptions anachronisms, leading to a failure of the edifice.

—————

It looks like one variable was a plurality of thought.

I feel, but don’t have the exact dots to link together, that this is a placeholder for quality of thought.

Quality here being a function of the time taken to apply logic and reason on a set of facts up their logical conclusion.

Since the advent of cable and TV, the velocity has increased.

However so has the reason numbing quality of the information diet.

This is to a degree motivated reasoning from my end, since I am thinking about how individual reason is now secondary to the information being fed into the larger polity.


I am just point out where we are on a road map, without making any claims about the territory itself.


You are almost there imho.

That is where Journalism should come into play. But popular media have a business model of spreading fakes, being outright partisan and are mostly driven by clicks rage and engagement. That is what a Chaos Actor like Trump provides. To see what is happening it is more insightful to look what forces are behind Trump.

In the US media landscape, it is not possible to have a genuine debate. Every hour there is new nonsense that will kill of any "boring" news.

Not as a matter of nature. But as a betrayal of democracy by the Fourth Estate, opening the door for anti-democrats.

It is a deliberate choice, helped by self-delusion and exceptionalism. It is painful to watch a society marching to where we know where the end is.


Hell I wont even blame the fourth estate anymore.

Fox came on the scene, and it worked as a business. In the end that means it gets funding, and is the competitive business model.

Other media orgnizations had to deal with all sorts of other barriers such as editorial standards etc.

I will add though, that Fox probably survived competition because it had such a close link to the Republican party. I wonder what would have happend if it were a more active market.

Actually scratch that - I remembered the issue with this market. Once we started having conglomerates of a certain size, acquisitions and the consolidation of media assets and newspapers was inveitable.

So even if there were other conservative view points, it would eventually be absorbed by "Fox" or whatever dominant entity in the market.

----

I would like to blame Rupert Murdoch, but I am beginning to see that the man just found a chink in the armor of how society organized its media systems, and exploited it.


That's not the position of the politicians and messengers of the party, that's the position of democrat voters after many desperate attempts to reach and persuade other voters.


There's always the hope that the average voter can find their way to a considered, moral vote. That didn't happen.


Agreed. Trump has been successful mostly not because of any meaningful policy, but from being able to capitalize on Democrats tendency to treat the uneducated as fools and even call them deplorable.

Gangs and fringe movements thrive off taking in the rejected.

Until Democrats can find a way to reach the opposition in a way that isn't condescending they will continue to lose and drive away voters. The so called deplorable will grow.

They need to design, build, and walk over the bridge - patiently, despite all the chaos and negativity.

If they continue to do the same thing and treat their fellows as idiots and expecting different results..is delusional and insane.


Trump referred to Mexican immigrants as rapists and murderers and yet plenty still voted for him. By word and deed it's very clear how little Trump thinks of women, and yet white women as a bloc elected Trump. Hillary Clinton used the phrase 'basket of deplorables' ONCE, 8 years ago, but that was an unforgivable mistake. By contrast nothing Trump does sticks to him.

The perception that Democrats are smug and condescending have certainly hurt them. But that perception is mostly the result of relentless Republican messaging. Tim Walz is a down-to-earth governor of Minnesota who treats everybody with respect. He's a lot less condescending than JD Vance. But the perception of Democrats hating regular people persists.


> Tim Walz

This lunatic, during the debate with JD Vance, volunteered that he didn't believe the First Amendment protected "hate speech" even before Vance could finish accusing him of that. I had previously given him the benefit of the doubt over that MSNBC clip (https://www.youtube.com/watch?v=y8ns76RCmWs) where he stated:

> There’s no guarantee to free speech on misinformation or hate speech and especially around our democracy

Thinking that perhaps Walz just meant social media companies ought to censor "hate speech" and misinformation for the greater good, but during that debate, he left no doubt that he thinks "hate speech" isn't protected. And of course the Tim Walzes of the country want to be the arbiters of what is and isn't "hate speech."


The “deplorables” thing is kind of amazing. The message was “you guys are wrong, only like a third of Republicans are all the things you say—committed racists et c.—and the rest are normal, reasonable people we should try to reach and serve” but was delivered the kind of way a couple policy wonks and campaign strategists sitting and looking at hard polling and behavioral data might talk, such that it was disastrous. “Some of you write them all off, but [looks at meta-study] only about a third of them are committed to principles and ideals that might, fairly, be called ‘evil’ or ‘disgusting’ or what have you”.

A lesson in how shitty delivery can deliver exactly the opposite of the literal message you’re conveying.


I'm not running for office so I can say this.

Their fellows are idiots and fools.

I know it's not a winning strategy to point this out. But it doesn't stop it being true.


That you present a subjective opinion as fact doesn't make it true.


To paraphrase Rumsfeld: "You go to elections with the populace you have."

If the Dems don't/won't/can't account for it by changing their messaging, devising better or more readily understood platforms, then it is on them. You have to meet people where they are, not where you think they should be.


There is no competing message to be had. The people believe that whoever is in charge is bad because their lives are terrible. They just ping pong between parties without caring to investigate policies.

You can’t appeal to voters like this apart from not being the person in charge.


The election was close. I don't believe this at all. It's simply being tone deaf. Not to mention the strong democrat support in the mid terms (when inflation was arguably worse).


The election wasn’t close at all? I’m not sure what you mean by this. Trump won both the popular and handily won the EC.

I’m willing to put money down right now that the next president is a Democrat. Not by virtue of messaging or campaigning but just because people will still be suffering and the dems will be the opposite of the status quo.


Just a guess but midterms probably emphasised the educated vote which seems to have swung Dem recently.


The college educated have been trending strongly toward Democratic affiliation since some time between ‘04 and ‘11, depending on your source.


You can manufacture a favorable electorate. Republicans have been extensively working on that far harder than the Dems have since some time around Goldwater and the last great re-alignment, and it kicked into overdrive in the 80s. They pushed for loosening rules around mass media so they could do it better, and they succeeded. This current re-alignment of their party is an outcome of that “farming” they did over decades growing out of control of the party leadership post-Citizens United and the huge shake-up in campaign spending that brought in.

This observation admittedly provides little actionable for democrats in the near-term. But one strategy that demonstrably works is picking demographics and pushing media at them that creates a demand for solutions to issues they didn’t previously think existed (and need not necessarily exist). Look at e.g. the molding and elevation of the modern pro-life movement for an early example, or at their entire current platform, very nearly, for a bunch more-recent ones.


But the Dems did. They did everything you're asking for. Their messaging was totally different from 2020, everything was clear and understandable.

That's what's so sad. The Democratic campaign was A+ in execution. The Republican campaign was a disaster in execution, but they won anyway.

The message of this election isn't that Democrats did something wrong. It's that they did everything right, and a majority of voters simply still don't care. They don't think the insurrection mattered, and they think Trump will fix inflation because he's a strong businessman. And they don't listen to anyone who says otherwise.

I don't see anything the Dems could have done about that. You can't force people to listen, you can't force people to understand economics. That's not something campaigns can do.


> can't force people to understand economics

People were actively deceived along the way. Do you remember that intially Yellen (and Powell together) called the inflation "not broad enough to be considered inflation", then called it "transitory" and justified printing so much money all the way into 7% inflation. At 3% PCE, Powell said everybody to relax, that nobody should doubt they will use every tool they have to fight inflation. Bostic at 2% PCE said he is not worried, he welcomes higher inflation, approaching 4% inflation would be cause of concern and would require action. Action that never came. They just lied and misinformed the people for years. People listened to this, it was all over the media. It's wrong to suggest people didn't listen.

Do you remember after 5 years of review they came up with symmetric inflation target of 2% and they instantly abandoned it because that would require lower inflation for decades to come. And nobody in media questioned it, they said people "misunderstood the target".

They don't want to educate people about the economy, they want people as stupid as possible.


Your criticism of Yellen and Powell's messaging is valid, but I have a very hard time believing that had any impact on this election.

The US fared better than almost industrialized nation post-pandemic. Our inflation is currently under control, unemployment is low, wages are rising. I have a hard time believing that anyone could have handled a hard situation better than the Biden administration. Meanwhile, Trump's stated economic policies (no income tax, make it up with tariffs) are unequivocally bad ideas that would make the prices paid by most Americans far far far higher than what they're paying today.

The overlap between "People who know Jerome Powell and think he did a bad job" and "People who think Trump's fiscal platform will be good for the average American" is close to zero people.


Is it? Because between part time job, gigs, and people falling off unemployment benefits from receiving them too long I don't trust unemployment figures, they are measuring the wrong thing. It seem people work longer hours, for less disposable income overall.


Don't bother with unemployment, look at labor force participation.


>Trump's stated economic policies (no income tax, make it up with tariffs) are unequivocally bad ideas...

...but they are very good memes, as in units of information that compete for attention. I think we are now, post-2016, in the social media era of elections, where policy content matters far less than policy vibes.


>The Democratic campaign was A+ in execution.

Objectively untrue; Harris lost.

>You can't force people to understand economics

You're correct. So you have to reformat the message. The Dems failed to do this. I can tell you have never been a teacher: teachers are forever having to change their messaging because different people understand in different ways.


This teaching thing is a terrible comparison. As a teacher you have a captive audience with a (somewhat) agreed upon goal: the student(s) are going to learn something.

This is absolutely not the model for candidate<->electorate relationships in any way. If anything, the elector(ate) wants the candidate to simply tell them things that confirm what they think they already know.


Are you serious? The entire nation was fully captivated this election cycle.


Captivated is not captive, and even if it is etymologically adjacent, most of the electorate did not expect to have to learn about stuff like econometrics ...


Then I meant captivated AND captive. Why are you being pedantic?


How was anybody captive? I didn't see a single campaign ad or watch a single rally, except for a couple of brief excerpts that I chose to.

You're missing the critical point: it's not about captive, it's just that this helps with the critical point, which is an expectation of learning taking place, rather than worldviews/prejudices confirmed.


I see, I missed that nuance in your point.


> Objectively untrue; Harris lost.

I would fault the Democratic party platform itself, not the campaign. It's valid to say the campaign was executed well and that the failure was due to disagreement with the Democrat party line.

Trump has a policy platform they agree with more -- that's something that is not easily overcome by how the campaigns are run.

E.g. "secure the border". Trump fought to build a wall during his first term. To voters who want a more secure border, that speaks louder than anything either candidate can say (or not say) during their campaigns about what they will or won't do.


> Objectively untrue; Harris lost.

Yeah, sometimes if you play by the rules you lose.

> So you have to reformat the message.

They did, and it didnt matter.

The argument here is essentially: 1) IF the dems communicated correctly, they would have won 2) They did, and it didnt matter. 3) If they had communicated correctly they would have won.

Correct communication here is a place holder for winning.

Consider the many things the Dems did pull off, including Biden dropping out, and the massive massive outreach and funding they used to get the message out.

Consider that Trump is definitionally reprehensible, as just a human being, forget the standards America used to have as a presidential candidate. Seriously - tell me you think that Trump <the person> is actually what you want in a Republican candidate. Every single time, Trump supporters have to resort to some variant of "he didn't really mean that", to defend him.

There is FAR more incorrect in Dem electioneering than just communication. I think the fundamentals of how elections are held have changed. You dont really need policy any more.


Because you guys twist everything the guy says


This is nonsense.

From the memorable “grab them by the pussy”, to fabricating stuff about the draft recently.

“ She’s already talking about bringing back the draft. She wants to bring back the draft, and draft your child, and put them in a war that should never have happened.”

The only twisting here is when people try to ignore what he is saying and pretend he meant something benign.


They could have also not perpetrated a genocide. I haven't committed a single genocide during the biden term. How hard can it be?


Pretty much any US president would've supported Israel similarly.


They don't have to though. It's easy, just don't send weapons to a perpetuate a genocide. A child could pull it off.


Sure, I don't disagree but that's not the policy of the US under many, many presidents.


The democrats told people who are suffering 'the economy is great, this is what great looks like to us'. How is that a winning message with people suffering?


> That's what's so sad. The Democratic campaign was A+ in execution. The Republican campaign was a disaster in execution, but they won anyway.

So, put differently, you're saying that Democrats did not have Product-Market fit, while the Republicans did. Yes?


> The Democratic campaign was A+ in execution.

polls had 'country on the wrong path' at ~75%

Kamala Harris wouldn't break from biden on anything, even when she was begged by the media to do it several times over several days.

That's just one example of dumb shit the dnc/kamala did.


> The Democratic campaign was A+ in execution.

She had 0 counties where she outperformed 2020 biden.


>> Their messaging was totally different from 2020, everything was clear and understandable.

But when you have the VP is running for the office that her boss has just occupied for the last four years, the whole point of the VP running is to continue what they started - not suddenly say you would do a bunch of stuff differently when YOU were riding shotgun on the poor economy, inflation, immigration and crime.

Harris was asked repeatedly what she would do differently and said "nothing". She was a horrific candidate. She couldn't speak to voters without a teleprompter, she was a cringe worthy public speaker, she was never on message and always reverted back to, "Well Donald Trump did this and that." which never connected with voters.

She also had a front row seat to Biden's mental decline and repeatedly went in front of the media and defended him to the very end when he was removed and she replaced him. Harris was the same person who got zero financial support from democrats during the 2020 campaign, had to drop out and didn't even make the primaries because of the lack of support from voters.

If you were paying attention, this was completely predictable.

By contrast, Trump was on message, had a plan, left all of his divisive rhetoric at the door. He connected with voters, reached across the aisle and formed a coalition with RFK, Gabbards and Musk. He went on podcasts to reach younger voters. Anybody else see Vance on the Theo Von podcast? He campaigned relentlessly in the key battleground states, he did tons of impromptu interviews.

There's a reason he's projected to get 300+ electoral votes AND win the popular vote and nothing in your comment would seem to understand why.

Take a look at the markets today. Take a look at the price of Bitcoin right now.

The country wanted significant change and they voted that way.


"By contrast, Trump was on message, had a plan, left all of his divisive rhetoric at the door."

This is when I knew you were screwing with us.


I think every single thing Trump did during the last 3 months hurt his campaign, actually. It had just already gotten to the point where nothing he said mattered, because people were choosing him based on their experience in 2019


Trump was on message, had a plan, left all of his divisive rhetoric at the door - Hardly.


Dems are not in the venues where people are talking about these issues. I see tons of right wing youtubers, tiktokers, podcasts, and there is just far less dems in these environments or willing to go to these places. You need more Bernie types (not necessarily his politics exactly) but the willingness to go these places repeatedly and talk about ideas.


Buttigieg did this literally nonstop on behalf of Biden and Harris. Did nothing.


The problem is he's not harris and he just started doing this like a month ago.


Its hard to say what happened internally, but Biden could have stepped down in time for them to have a proper primary.


It's hard to conceive of a change in the Democratic strategy that would have gained more votes without losing others. In contrast, there is seemingly nothing that Trump could say that would lose him support. Trump had a very high "floor" that he could not fall below. Democratic voters are fickle and would just as soon stay home or vote third party as a protest vote.


Trump's a pretty singular personality. He floods the zone with bullshit and denigrates vast swathes of the electorate. His insane ramblings are just considered by his adherents to be part of his allure and mystique. The American people can't seem to get enough of it, presumably because they so strongly identify with his character.

I have no love for Democrats but it's unclear to me that there's really anything they could have done. The common wisdom in the past had been that Trump is some kind of liability for Republicans, but at every turn he has been underestimated and I question that assumption.

To me Trump looks like a true master of his craft, and there is no line of carefully triangulated messaging that will resonate more with typical Americans than his stream of vitriol and lies.


> it's unclear to me that there's really anything they could have done

Don't choose such a unpopular candidate as Kamala. Have a primary instead of appointing someone.


Unpopular meaning "a woman"?


i understood it as unpopular because of being associated with biden and inflation/border-issues... she couldnt chart a new course and was stuck with defending bidens record.

the gaza issue also probably didnt win any points in pennsylvania etc


oh please... identity politics helped lose this election for the Dems bigly. Let's not bring it here.

There are a plethora of reasons she's unpopular, she can's string two coherent sentences together without a teleprompter, she cackles at inappropriate times, she won't talk to anyone off the cuff, she doesn't give straight answers on policy questions thus the word salad meme, she fumbles critical questions like what would you do different in the last 3 years, what a terrible answer...


> There are a plethora of reasons she's unpopular, she can's string two coherent sentences together without a teleprompter, she cackles at inappropriate times, she won't talk to anyone off the cuff, she doesn't give straight answers on policy questions thus the word salad meme, she fumbles critical questions like what would you do different in the last 3 years, what a terrible answer...

What I think I'm reading here is that you feel like Trump is a better public speaker than Harris.

Assuming that this is a genuinely held belief that you have, I suggest that you consider that perhaps this is very subjective.


In Argentina we got tired of lawyers/politicians roleplaying as economists, so we voted a real economist for president. In tree years we will be able to tell you if it was a good idea...


So far it's been working out great compared to the previous guy.

I compare Argentina's election to buying a car. One of the candidates basically ruled the country for 18 months, got inflation over triple digits annually, the exchange rate went to infinite, among other economic and administrative mishaps.

It's kind like test driving a car where it's engine overheats, the radiator explodes, and basically falls apart.

Your choices then become either buy the thing you know is broken and doesn't work, or buy the other new mystery thing which says it's going to work though you haven't tested it.

It's basically a known bad versus an unknown, yet still 44% of people voted for the broken car.

Milei so far has been doing great economically and getting inflation down, we'll see how it goes next year.


Hah! Good luck. An economist is as much a politician as those other guys, who were likely lawyers.


He's looking good though. I'm quite happy for you.

The media insisted on comparing him to Trump or Bolsonaro for years, but if you actually listen to what he says, he sounds moderate social democrat. Go figure what the media is doing while he speaks...


Don’t be ridiculous. There’s a lot more that they could have done to win. And should have done. But they didn’t. And if they’re smart they won’t continue to make the same fatal mistake as you are doing right now by generalizing more than half of the American population as too dumb to know what is good for them.


> make the same fatal mistake as you are doing right now by generalizing more than half of the American population as too dumb to know what is good for them.

They made the same exact mistake in 2016 and from what I can observe in this thread and similar ones in other forums, the lesson has not been learned. They will keep their smug ideological superiority complex, disdain those who dare to disagree with them and thus will continue to disenfranchise a large swath of the population.


It's the opposite. When someone says you are "talking down" to them by using big words, the solution is to dumb it down with simpler words, not to increase the vocabulary.


Can't help but notice you didn't actually say any of what they could have done to win


How can I put this gently? Read the room!

For instance, they made protecting women’s rights a big part of their campaign when most states already had on their ballot laws to protect women’s rights in their constitution. Or they had previously passed laws since roe v wade was overturned.

You want to win? Try doing some basic research into what is going to matter to the people come Election Day.

Can we blame them for thinking they had already won given their opponent? Yes. Because that very well may have been a contributing factor to oversights like these.


I was under the impression that most economist said that the ARP and IRA was a significant contributor to inflation (amongst many other factors, supply chain issues, war in Ukraine, labor shortages, etc.), so it’s not factually incorrect to lay some amount of culpability on the administration?


Maybe they could have tried not shutting the economy down while helicoptering free money on everyone? This combined with policies that make energy way more expensive while also allowing the immigration system to be abused... I'm not sure there is a more perfect recipe for inflation? So they did a bunch of inflationary things, then kinda got the inflation under control, and then you're puzzled when people are still upset about the inflationary things that were done?


Covid was coming to an end, and yet Democrats decided to still go on another trillion dollar spending spree, inevitably leading to inflation.

It's incorrect to characterize this as "pure economic ignorance among voters"


Trump printed $4T in a year, Biden printed $1.5T in 3 years. 80mph vs 10mph.

The 80mph is what got us to inflation town. If someone looks at 80mph and 10mph and says "I'll elect the 80mph guy because 10mph is irresponsible" then yeah, I'm pretty comfortable characterizing that as pure economic ignorance.


Glad someone understands inflation. This is true and all we can hope is that someone close to him understands this.


Trump didn't print $4T, the bi-partisan effort in Congress for COVID relief did.

I think the problem in voters eyes is that Biden did not stop after this. He pushed through multiple trillion dollar bills on top of it.

I'm not saying I agree with that stance, but calling the $4T Trump's doing is a really misleading. It was not part of his economic agenda at all.


> It was not part of his economic agenda at all.

Then why did he make the IRS reprint COVID relief checks so he could add his name to them?

https://www.huffpost.com/entry/inside-the-disaster-trumps-si...


I mean that is obvious right? It was self-promotion, one of the few things Trump is really good at. That doesn't mean it was in his economic agenda to pass trillions in debt funded covid relief or that he was even responsible for it.


Yep. It was probably the singular reason (of a few) he lost 2020.


Yeah Trumps spending was bipartisan but Biden unilaterally poured fuel on the fire after Covid.


Inflation is down prices aren't going to come down if we spend less.


Yes! That is exactly their failure! As explained by the venerable poets, "The Doobie Brothers":

>But what a fool believes, he sees

>No wise man has the power to reason away

>What seems to be

>Is always better than nothing

>Than nothing at all

By failing to meet the economically illiterate at their level, the DNC campaign looked completely oblivious to those they were trying to help.


Pretty much this.

DNC forgot that in polls, the American electorate prefers a bigger 1/4 lb hamburger to the smaller 1/3 lb one.


The bigger one is the one with the 4 in it, obviously!


> What was their failure here?

One, that last round of stimulus. Two, not agreeing to cutting spending when prices continued going up. Three, not massively greenlighting permitting around new energy and fossil fuels to bring energy prices into a deflationary stance. (Note: this is Monday-morning QB’ing from me.)


That stimulus thing seemed like a double bind. Lower stimulus would have meant less inflation but worse unemployment, right?

The whole pattern feels like a repeat of the country using Democrats to clean up messes (in this case, the mess was more Covid's than Republicans'), at which point they kick out the Democrats again. I don't think another massive tax cut (or extension of the last one) is a good idea.


> Lower stimulus would have meant less inflation but worse unemployment, right?

Yes, this is likely what would have happened. And in that case the Dems would still lose because people would be upset about the high unemployment.


> Lower stimulus would have meant less inflation but worse unemployment, right?

Yes, but you can target where that unemployment goes.

Democrats were probably too fair in distributing the pain. (As well as the fruits. Both the IRA and CHIPS Acts massively invested in counties that would have always voted Republican. That boosted turnout in an adversarial way.)


All tiny next to the money trump printed.


Sure. But that’s the last guy. The question is what Democrats could have done in power. With the benefit of hindsight, it would have been massively over correcting on prices and the border.


The US is, right now, producing more crude oil than any other nation in the history of the world. Harris repeatedly stated that she would not ban fracking. And yet, we keep hearing this BS about how Biden / Harris needed to do something about fossil fuels.

Of course what we need to be doing is halting all burning of fossil fuels ASAP, but that would be a losing electoral strategy. Who cares about the looming climate disaster, we need cheap gas...


The only actual issue there is that energy companies want a fire sale on perpetual resource rights on protected federal land they don’t already have access to.

The rest, and the part communicated to voters, is yet another fake issue. It’s exhausting.


Oil companies will not spend money just to lose it all on lower prices. Who is going to drill your hypothetical wells?


They failed to articulate that they understood the frustration with high prices + low wages in a way that made people feel motivated enough to vote for them.


Exactly its all messaging and if the messaging is not getting through you need to go where voters are discussing these things (podcasts, youtube shows, tikTok, etc). And they needed to start doing it 2 years ago not 4 months ago.


That was a key element of the Harris platform, but nobody gives a shit. Trump boasts about fixing everything overnight with no specifics, and gets a free pass.


Her failure to articulate her platform is her fault.

The words chosen by the Harris campaign, and the platforms on which they were spoken, left 15M - 20M people at home, and flipped a bunch more from D to R.


The media definitely didn’t learn that competing for horse-race viewers at the cost of all else gives Trump a large advantage. They all talked about that lesson in 2016, but didn’t really learn it. Clearly, given how they behaved.


Inflation happened globally not just in the US.

Also salaries in US kept with the inflation while globally they didn't.

The US economy is doing great, but inflation doesn't make it feel like it.

I myself feel it.

I'm not from US, I'm European and make around $110k per year.

Yet I skip on 5€/kg tomatoes even though I made 28k just 3 years ago and they costed half of it.


The failure was keeping the economy locked down too long and sending checks to everyone in the world. My father in law that lives in Germany for the past 50 years, got a check from the US.


If he was paying taxes in US for 50 years while on Germany, it seems that he earned the check.


He didn't pay US taxes. Actually the more you earned, the less they gave.


The failure was not putting Biden Harris's signatures on the cheques.


No, it's the failure to do anything about it.

Americans got robbed of something between 20-40% of the purchasing power of their dollar depending on what they're buying. People aren't stupid, they know they're getting hoodwinked when someone focuses on the fact that the rate of robbery is slowing down rather then the fact that they didn't stop the robbery in the first place.


Not pro Trump here. The Dems failed to understand that telling people who are really struggling (my community is really struggling, it's sad to see people in the grocery store barely able to afford food, this is the reality, heck I'm struggling) that the economy is doing great isn't a winning message. They should have ran on 'we are working really hard on fixing things and this is what we have accomplished'. But a campaign telling people suffering that 'the economy is doing great' resonates 0% and just tells those struggling that the campaign doesn't see them/care that they are suffering.


I never once heard Harris say 'the economy is doing great'.


Harris did not (or may not have) but Democratic punditry and commentariats were full of "the economy is objectively great, why is it subjectively sucking?" articles, for months.


Because they look at metrics like GDP and the stock market and unemployment, and fail to realize that it's not evenly distributed. Increasing GDP and stock market indicate somebody is making a lot of money, but the average voter isn't seeing any of that in their own lives.


Well, they look at average wages, average hourly wages, median household income, median disposable income. All of these things improved right alongside "inflation" to the point where anyone who was not an outlier for those statistics ended up no financially worse off (and arguably somewhat ahead) than where they were pre-COVID.

The problem is that people remember the "old" prices, not the "old" paychecks.

It has been said that people see wage increases as something they have a right too (periodically, anyway) but see inflation as something imposed by a 3rd party with bad intent.


I heard Biden and partisans say it a lot, and I cringed every time. In his first State of the Union, I clearly remember him bragging about record high house prices. I cringed at that too.

What did Harris herself say? Not much; she barely had any time.

There was one voice within the Democratic Party whose communication about this was good: Bernie Sanders.


The Biden-Harris administration said as much constantly.

When the gaslighting failed to achieve the desired effect (make everyone believe their grocery bill is half of what it actually is) - then they just changed the message to "those darn greedy mega corporations are price gouging you!".

The citizens of this country gave a large middle finger to the gaslighting and bullshittery that was the economic messaging coming from the Biden-Harris administration - and then when Harris failed to enumerate how her administration would be different than the existing one... she was doomed.


I moved 1 hour north of San Francisco about 7 months ago so not even some remote red state. Over a few weeks this summer when I went to Safeway, three people ahead of line (assuming middle class, blue collar workers considering that this mostly the industry here) had their credit cards/debt cards declined, even when trying different cards. One was heartbreaking because he was buying a cake for his daughter's birthday. It definitely underscored how severe the economy is for people and why I thought Trump would likely have a 50%/50% chance of winning.

It is about the economy.


The sad fact is that if you have to explain something to voters, you've lost.

Voters don't want explanations, they want solutions.

You be correct and say something factually as "The economy is fine, all indicators are moving the right direction - we're back to pre-COVID levels" but still lose massively on that.

And as it turns out, whether or not your solutions is rooted in reality - apparently doesn't mater for the average voter.

Harris went with the "We're not gonna make any changes", when people are moaning about the economy. That was her fatal error.

Trump and MAGA continued to hammer on about how terrible the economy is, and how they're going to make China pay, while lowering taxes.

Again: voters don't want explanations, they want solutions.


“ economically illiterate ”

You got your explanation here. Arrogance and dismissiveness of voters.


The left is way more economically illiterate than the right. Price ceilings, unrealized capital gains taxes, more "socialism" in general is not good economic policy.


I would argue both US parties have given up on serious economics.


> What was their failure here? The failure to explain to the economically illiterate that while inflation is now about where it was prior to covid that prices won't be going down (unless there's some sort of major recession leading to deflation)?

When is over-communication on the problem the team needs to solve ever a bad thing?


I think that's the wrong way of thinking about it. The prices of goods are high, people hate it and want it fixed. What plans do the Dems have for actually addressing the high prices? They can say this instead: "I know things are expensive now, here is how I will do X, Y, Z to fix it". It could be saying they'll raise the minimum wage to reduce the effects of the inflation, provide some sort of tax break, straight up give people money, or something (I know that the ideas I proposed aren't necessarily good. Inducing demand is bad, etc, etc). What doesn't win is telling people why we got to where we are and what does win is telling people what you're gonna do about it. Trump does that, even if it's all lies or based on bad information and that gets people excited. Are the tariffs gonna be bad? Most likely, but hey it's doing something and to most people, that is enough for them since there is a lot of nothing happening.


You could go to the Harris website and read their plans, they discuss all your points.

https://kamalaharris.com/wp-content/uploads/2024/09/Policy_B...

Now compare that to Trump's non-existent plan. No one cares, that is what is so depressing.


That what your actual proposals are does not matter appears to be true, but is pretty wild.

I guess it’s an open question whether a Dem could run with a total lack of substance and pure vibes (while they and, incredibly, the media accuse their opponent of having no policies? Or is that too much to hope for? Do we think in the reverse situation Fox News would be talking about how the R candidate was being too vague, even as they were being less vague than the D candidate, as the “liberal” media did endlessly in this race?) without weakening the get-out-the-vote for their base so much that they perform even worse. Might work, might not. We only know it works for the current right.


Wouldn't that just be lying to people?

Most of the measures you suggested, especially straight up give people money will just increase inflation further.


Sure, but what are they gonna do? Fact check you after you win? We already see that nobody cares about that. If the dem's actually cared about the people they say they represent, they would be trying to win even if it meant overpromising or getting down in the mud. How is it helpful for trans people that that the people representing them are getting voted out? How is that helpful for laborers, poor people, rural people, etc? Just say you'll give em money, get elected, don't give them money (they'll just forget so whatever) and then try to do some good from the inside by enacting policies that will help people out. I think this article spells out the problems with the democrats: https://www.economist.com/1843/2024/11/01/why-arent-harris-a... Why couldn't they just support the buyout? I don't care if US Steel is owned by a foreign company and I bet most people don't, so they aren't getting votes by being protectionist. If they support it and it doesn't work out (because let's be real, how much could the government do here), then just blame the republicans or something. Boom, you get to support something good, then get ammunition to show how the republicans messed something up due to their protectionism if the deal falls through.

Obviously I'm frustrated, but it's truly wild how ineffective the democrats are. I think them trying to be so upfront and politically correct all the time is a losing strategy for them.


People don't really care about inflation. They care about not affording groceries. If they won 1 million dollars from Elon Musk by voting for Trump, inflation becomes irrelevant, because their problem is solved.


Indeed, and now we can sit back and watch when those his voters realize, that Trump will not "fix" inflation either. In fact, if he executes on what he advertised during his campaign, it will get much worse.


Then they can just blame it on "the deep state", how convenient


Not if "Project 2025" is implemented. Then the Republicans created a real Deep State. Who will Republican voters blame then?


They'll still blame "the Deep State" and just mean anyone they don't like.


They failed to hammer home that Trump printed the goddamn money.

https://fred.stlouisfed.org/series/M2NS


I'm not sure this would've helped. It require more than a 10 second attention span. Explaining inflation is a 120IQ problem whereas most campaigns are aiming at sub 100IQ communication.


I'm sure that the idea was raised in Democratic campaign strategy meetings and likely rejected for exactly that reason, but I don't think the reasoning is correct. "Trump printed the money" isn't hard to understand. Hard to believe, perhaps, and I'm sure he would deny it, but it puts him on the defense and beats the hell out of a thundering silence that implicitly accepts his premise that Dems were responsible for inflation.


They couldn't blame Trump for printing the money because nearly all of them voted for the stimulus.

Blaming Trump for printing money when you voted on it, too, is a bad strategy.


This is precisely why you lost in 2016 and why you lost in 2024.

Thinking you're always smarter than the electorate is never a way to win elections. fixing inflation is pretty easy. Telling people how you're going to do that is pretty easy.

Not doing it because you think people are too stupid to understand it is why you lost. Harris never had a plan to fix anything and it was obvious to voters. Its funny you think this way when Trump swept all the battleground states - states Biden won in 2020. Were you saying the same thing about THOSE areas too then?

I somehow doubt it.


they did fix inflation. they told people it was fixed, which it is. What they failed to message well was why it happened in the first place and that it was a global phenomenon


Except Trump's stimulus was needed because of the lockdown (and people were losing jobs).

Biden stimulus was the one that

a) Ignited demand > Supply

b) provided no incentives for people to go back to work (Biden also had extended mortgage, rent, loan payment programs) which exacerbated inflation


Let be real though. The majority of the Trump stimulus was either a campaign stunt (I received a letter from Trump stating that he gave me, someone that makes 6 figures, a few hundred dollars) or a huge spending program with no accountability (the PPP “loans”).


$4T in 1yr vs $1.5T in 3 years. Trump was printing at 80mph, Biden was printing at 10mph.

Must have been a pretty fast 10mph.


But if Trump didn't print it then somehow Biden would've worked with 1.5T?


I don't think any dem is saying that. I think they're saying that inflation is the result of a global pandemic, not Dems printing another 1.5T. I think by all accounts the economic landing after a global pandemic was really good, certainly better than 2008. We aren't in a recession. Prices are high, but so is employment and job growth. The government failed at something, whatever that something was: was it a failure in signaling that yeah, these times are hard but guess what, it's because of COVID and buckle up because we did the best we could? Or was it that they let inflation rise too high? I'm not sure.


What we’ve learned is that a politician should definitely not pull the lever in the trolley problem. Let four die instead of one, then claim credit for the one.


>They failed to hammer home that Trump printed the goddamn money

loose monetary policy was the right thing to do after the COVID downward economic shock. But not extending it over and over, and that's when/why the inflation kicked in.


I think the only solution was also the craziest/most risky and the party would have never gone for it.

Hold an open primary with a candidate that talks in no uncertain terms about the failures of the Biden presidency, and the new path forward, criticizing the Biden admin for not doing enough on inflation.

I think essentially Trump won in 2016 and 2024 because he was willing to take such a risk against political norms, and this was a change election. No explaining the causes of inflation, or what Biden did right and incremental steps were going to change that. People wanted a visionary leader, and while I disagree with Trump, I think Trump and Musk provided that new vision for America.

I hate this by the way, I'm an incrementalist policy wonk who in general hates visionary leadership.

But Trump talked about stopping at nothing to remake the American economy to radically improve the lives of all Americans. Harris talked about $25,000 to buy a house.


> criticizing the Biden admin for not doing enough on inflation

But the Biden admin clearly did enough to fight inflation. He may even have done too much.

The framing of the US discussion around inflation is itself a lie.


This is kinda the point I'm trying to make, that in the current environment most people want a leader who isn't afraid of lying to make a point. That is in my perspective what vision mostly is. When things are in crisis, like 2020, people were probably more comforted by boring competence.

For instance, in terms of visionary leadership, I think Musk fans mostly don't care that he lies about when a product will be delivered. They want to believe so to speak.


I still think you got it the exact wrong way around.

People want honesty. Trump saying people have economical problems is honest (at least relatively). Keeping the discourse around inflation because Biden did a great (?) job there isn't. (That applies even if the Rs were the ones focusing on inflation, unfortunately people don't discern that well.)

I really think that if the Ds said "we beat inflation, but that doesn't immediately help you. we will do X to beat low salaries next" it would be well received. But that requires honesty.

At the same way, Musk fans like that he delivered X (there's a lot of impressive things you can put here). Talking about the future is always bullshit anyway, so he being wrong there is less important than he having delivered stuff before. The things those people are ignoring are the fact that he only put money on it, or that the more he gets involved, the less his companies are able to deliver. Not that he is wrong about the future.


Yeah, maybe the point is more about a focus on the future than a "lie" and being willing to be really ambitious about that future. Yes, Trump sort of honestly described the problem, but provided overly ambitious and conflicting ideas on how he would solve it.


Welcome to the social media era of elections!

Vibes > Policy


Honestly what Trump would do in this situation is distract with a bunch of other nonsense and make that the talking point instead. Dems haven’t stooped to this level yet to their detriment. The whole thing is pretty sad.


IMHO national politics is insane, both parties use propaganda to hide from the real issues and are only interested in maintaining a keeping political power and money at the behest of corrupt corporations.

I don't think an election in a 2 party dominated system is going to fix this, history has been repeating itself since the 60ies. People need to change there thinking about supporting a system that doesn't work before we make any headway in correcting these problems.


This right here. I just got a fundraising text message from the Dems today.

Like: are you F'ing kidding me? You guys and gals just flushed the executive and legislative branches down the shitter, and you want MORE money?

Shows me what the DNC really cares about: itself.


Fixing it would require constitutional amendments, because it’s an outcome of our system of elections and structure of government.


Yep. Good luck with that (Not directed at you).


There are people who are economically literate, and who recognise that the massive money printing under trump to deal with the covid shut down of the economy contributed to inflation, as did the war in ukraine and supply chain disruptions, but that also, everything the dems did after that made the problem worse. By the time Biden took power, vaccines were getting rolled out, lockdowns were not warranted anymore, and the massive spending that Biden pushed was unnecessarily inflationary, as Manchin said at the time. And the fed kept printing money way after it should have stopped, most likely to support Biden's spending plan.


They failed to put the majority of voters in better position financially than they were under Trump.


Do you find it strange that to get cheaper groceries you had to vote for a convicted criminal?

Can I even work in America with a criminal record?

How do people look past this, I'm really having a bit of a moral crisis today about why I even bother paying taxes or obeying any laws since this whole thing happened.

Do I just tell my kids to be successful, jut be like Trump?


The groceries won't get cheaper--deflation is arguably worse than inflation.


deflation in computers, cars, apparel, materials and other technologically manufactured goods has been consistent for generations ... is this bad?

would it be bad if the cost of college education, housing, or healthcare decreased?

why would it be bad if the cost of groceries fell to what it used to be (deflation)?


> How do people look past this

Why should we discriminate against justice impacted individuals?


A very large number of Americans (100 million+?) dont see Trump as a convicted criminal. They see a govt that weaponized the justice system to target their political opponent. It's a reason to vote for Trump, not against him.


He was convicted by a Jury not any left leaning judge or whatever.


Yes, for the crime of the century of... classifying hush payments to a porn star (which is legal) as a legal expense instead of a campaign expense. And then they made each time he signed a check a separate count, so they could make a big deal of “34 fElOnIeS!!!” Not weaponized, indeed.

It’s the most mundane thing that has been “Trumped up” to the extent that anti-Trumpers act like he murdered someone. Everyone else thinks “oh wow, improperly classifying an expense, who cares.”


It was an election interference case; not mundane. https://robertreich.substack.com/p/dont-call-it-the-hush-mon...


Yes, based on the tortuous logic that he would’ve lost the election if voters knew that a famous playboy had had an affair with a porn star. Of all the gaffes and scandals he had during his campaign, that would’ve been the one to sink his election chances. Sure thing.

And still at the end of it, it boiled down to “you should’ve classified the hush money as a campaign expense instead of a legal expense.” Do you seriously not understand why no one really cares?


The campaign obviously had that concern and acted on it; it’s irrelevant if you think it’s “tortuous logic”. When did the affair occur? When did the payment occur, and what was the surrounding context? — https://en.m.wikipedia.org/wiki/Stormy_Daniels–Donald_Trump_...

Then, read this again — https://robertreich.substack.com/p/dont-call-it-the-hush-mon... “This case alleges that in 2016 Trump arranged to pay off an adult entertainer in order to hide his affair with her from the public. The important thing to keep in mind is that the money was given to protect Trump’s campaign for the presidency — not to protect his marriage or protect him from personal embarrassment.”


Should have also mentioned (can’t edit my last reply) — many really care because they don’t agree that entities exceeding legal limits on political contributions and attempting to conceal it by committing financial crimes is not a big deal, is not election interference, and doesn’t weaken our democracy.


Agreed....this case is the lamest of lame and would not have been brought against anyone other than Trump and only because he was running for election. It is quite obviously a politicization of the justice system to anyone who is not a partisan ideologue. Dems can try to deny this but it really doesn't matter. They are just shooting themselves in the foot and losing support as a result.


You’re saying that entities exceeding legal limits on political contributions and attempting to conceal it by committing financial crimes is not a big deal, is not election interference, and doesn’t weaken our democracy. Thankfully, the jury, selected by both sides, that unanimously agreed on the 34 federal felony counts, disagrees with you.


Lol...selected by "both sides" in one of the most left-wing jurisdictions in America.


Considering when the affair occurred, when the payment occurred and surrounding context [https://en.m.wikipedia.org/wiki/Stormy_Daniels–Donald_Trump_...], and the strength of the evidence [Wapo article — https://archive.is/kmFCs], do you actually think “financial crimes occurred in order to conceal campaign finance crimes” is a far-fetched verdict that was made up by a unanimous 12-member left-wing jury?


Yes. Absolutely.


If we are talking about election interference what should we say about the suppression of the Hunter Biden laptop story just prior to the 2020 election. This include the politicization of the CIA/FBI to suppress the story by influencing social media companies, then getting 50 intel officers to all lie in unison that it had "has all the classic earmarks of a Russian information operation".

By any measure this is way worse than some stupid accounting classification with regard to hush money for a porn star? How come no charges were brought on this very serious charge?

People are nowhere near as stupid as the Democratic party likes to believe.


I’d like to learn more about all of the Hunter Biden laptop-related details that you’ve mentioned. Do you have a link to a reputable and credible source?

What happened was not an “accounting classification” issue. The jury, selected by both sides, unanimously agreed on the 34 federal felony counts because after hearing and seeing arguments, testimony, and evidence from both sides, they found it clear that this was not an “accounting classification” issue, but rather an issue of an entity exceeding legal limits on political contributions and attempting to conceal it by committing financial crimes.


Honestly the amount of info on the Hunter Biden laptop story is abundant so it puzzles me you'd even have to ask.

Zuckerberg talking about warning prompted Biden laptop story censorship https://www.bbc.com/news/world-us-canada-62688532

Hunter Biden story is Russian disinfo, dozens of former intel officials say https://www.politico.com/news/2020/10/19/hunter-biden-story-...

NY Times https://www.nytimes.com/2023/05/16/us/politics/republicans-h...

NY Times and Washington Post finally admit laptop is real https://nypost.com/2022/04/01/new-york-times-finally-admit-h...

And the 34 felony was about 34 payments for the one thing so in reality was just the one "crime" beefed up by a weaponized justice system to look worse than it was.

Again, it is obviously and emphatically true that this kind of govt election interference is way worse than whatever Trump did. So again why was there no charge over this?

And I'm just going to repeat, people are not nearly as stupid as the Democrat party thinks they are.


>>It’s the most mundane thing

If it's so mundane, why is it a felony then.


Because of the Democrat weaponization of the justice system, of course.


Wasn't it already a felony long before all this?


nice circular logic you got going on there.


I guess reality can sometimes be circular then....


He is technically convicted by a jury. It will be interesting to see how they get around that, it doesn't go away just because he was elected president, and he can't pardon himself from a state charge.


In the most left-wing jurisdiction in America by a DA that campaigned on "getting Trump", who was famous for reducing felonies to misdemeanors, but in the case of Trump raised a misdemeanor to a felony. And this was for a charge for which there was no precedent, and nor was there any victim. And the judges daughter had connections to the Democrat party too. People arent stupid.


It was a serious election interference case —- https://robertreich.substack.com/p/dont-call-it-the-hush-mon...


Just to make sure you have all the legal facts: https://youtu.be/KnapsSRptqg?si=7C_tqLO9UGlGxYQA


Well, if they want to use conspiracy theories in their appeals, they are welcome to, and the Supreme court is basically in Trump's pockets, so they could always just make a "because we say so" ruling that annuls the state jury verdict.


What conspiracy theories?


The ones you stated in your comment.


Those are facts though.


You implied a bias with the prosecutor, judge and jury that caused a criminal conspiracy.


Just for the record...

Judge Marchand's daughter has worked for a marketing firm since 2003 that has the DNC, Joe Biden and Kamala Harris as clients https://www.nationalreview.com/news/house-judiciary-investig...

Here is DA Bragg campaigning on how he will go after Trump if elected as DA https://www.youtube.com/watch?v=iQLflgGxUrU

Bragg downgraded 50% of felonies to misdemeanors https://www.politifact.com/factchecks/2023/apr/08/ron-desant...

Some discussion of the convoluted logic used by Bragg to upgrade a misdemeanor (intent to defraud) to a felony (intent to defraud in the commission of another crime) https://news.syr.edu/blog/2024/05/07/law-professor-the-manha...

This is such a lame case, that should never have been brought and is clearly an abuse of the justice system for political ends.


Yes thats right.


Yeah, I do see that side of it too, I think it was incredibly stupid to try him for anything if he wouldn't be jailed.


It was monumentally stupid to convict Trump for a "crime" that was basically someone else filling his taxes wrong. Something most USA people would feel is unfair and could happen to them.

Also I am not from USA and very happy I don't have to deal with TurboTax lobbying and shenanigans thar make the USA tax code to be just crazy.

Also the "bank fraud" trial is also monumentally stupid when they wanted to convict him and close his companies (thus making people lose their jobs) for doing something that resulted in profits for the supposed victim. Victim in fact that explained multiple times they were pleased with the business and would do it again.

The message in the second case was: we will take your jobs because your boss made a good deal, don't vote for him!

And of course this is just idiotic.


You have some misunderstandings on these cases —-

How to understand next week’s Trump criminal felony trial https://robertreich.substack.com/p/dont-call-it-the-hush-mon...

How Trump is liable for fraud even though no one was hurt https://robertreich.substack.com/p/how-trump-is-liable-for-f...


For anyone seeing this, these links are a waste of time. They don’t demonstrate a misunderstanding or provide a better one.

> Many people I speak with are worried that this is the weakest of Trump’s four pending criminal trials because it has to do with an illicit affair.

> Wrong.

No this was the weakest case. The fact that this is the one to get across the finish line, rather than say the Georgia interference case, demonstrates raw political incompetence by the democrats.


Not a waste of time —

1. ‘for a "crime" that was basically someone else filling his taxes wrong.’ — utterly false

2. Getting lucky is no excuse for fraud.

See aforementioned posts for actual, well-reasoned arguments from world-renowned UC Berkeley professor and former Cabinet Secretary Robert Reich, which Redoubts hasn’t refuted.

The case that resulted in Trump being convicted of 34 federal felony counts wasn’t the weakest case; that’s demonstrated by the jury, selected by both sides, having deliberated over the available evidence and both sides’ arguments, and having reached a unanimous verdict.

The Georgia case had been going much more slowly because it’s a much more complex case, for obvious reasons. Its current stalled status has to do with the conflict of interest that Willis created. If the case somehow resumes, the jury, selected by both sides, will decide the case.

The speed and outcomes of these cases are not “political competence or incompetence” matters on the part of Democrats.


You are experiencing Lincoln's Lyceum Address in action.


Absolutely! You are not alone. We have elected a convict as a president. The person who instigated a mob in attacking the Capital. The person who misled his base about 2020 election. Got impeached... the Trump saga goes on.


> Do I just tell my kids to be successful, jut be like Trump?

Trump is a failed real estate tycoon, his companies went bankrupt three times; banks won't lend him money anymore because he always shafts them. He got a big inheritance and lucky that he had some charisma so could make it on TV. He is not successful role model (well, con-man maybe).


Most people are completely innumerate. It's an impossible task.


Trump will say in a few weeks how great the economy is under his rule, when absolutely nothing will be different from now, and people will gobble it up.

It's the stupidity, stupid.


He won't say that until after he has been inaugurated when absolutely nothing has changed yet. That is how we went from "struggling under Obama" to "best economy ever under Trump" in a week or two last time he was president.

Also, his supporters will go from saying "lower gas prices were rigged by the president to steal the election!" this month to "Trump brought us lower gas prices!" after inauguration without any sense of irony.

Well, get the popcorn ready because the next 4 years are going to be interesting, to say the least.


Can I ask, what do you think is likely to happen to inflation when you slap tariffs on imports?


Trump has also proposed devaluing the dollar, on top of tariffs.

Imposing tariffs, and starting a trade war, will surely mean that imports will shoot up in price for the consumer. Exports will suffer, which is likely why he'll also try to devalue the dollar - to make exports be more attractive amid the receiving countries tariffs.

So that's a double-whammy as far as prices go, for the consumer.

His grand plan is of course to bring back manufacturing to the US - or that foreign companies will set up plants in the US. But that doesn't happen overnight, and there's no automatic mechanism that will make the companies do so.

And Trump has been clear about imposing the highest tariffs on all Chinese imports. Now look around you, and try to estimate how many things you see that are made in China.

Then you have the other countries, too, which will get hit with tariffs.


Oh, it's gonna send inflation through the roof. Trump's economic policies are likely disastrous, and I am fretting about my 401k.

That said, I have been contending that people experience prices and talking about lowering inflation when prices have recently gone up is net negative for the incumbent administration.


Current news stories seem to suggest that the upcoming administration will likely worsen inflation.

https://0x0.st/XDTK.png


> It's the economy, stupid:

It's the [perception of the] economy, stupid:

As I'm learning, perception beats all.


"You’re supposed to make only two quarts of Kool-Aid from a package, but he always made a gallon, so his Kool-Aid was a mere shadow of its desired potency. And you’re supposed to add a cup of sugar to every package of Kool-Aid, but he never put any sugar in his Kool-Aid because there wasn’t any sugar to put in it.

He created his own Kool-Aid reality and was able to illuminate himself by it." -Brautigan


I may be completely wrong, but I see a lot of talk in terms of how the Dems failed to be elected.

I'm thinking more about how the Reps succeeded in being elected.

That, far as I can tell, is through Trump lying through his teeth in the most incredible manner every time he speaks, and people who are ill-equipped to see through it being deceived.

I have to think it's hard to compete with that, if you're not lying yourself.


> Inflation is not prices; it is the rate of change in prices.

Inflation is actually the increase in the money supply. The term is used wrong almost everywhere today.

Price indexes like the CPI are what measure the change in prices of a set of goods.

Inflation can influence prices since the supply of money changed, but they aren't directly linked.

Edit: getting plenty of requests for a source here, especially because you will find countless sources online using the price increase definition.

https://www.clevelandfed.org/publications/economic-commentar...


This is oddly reflective of the elitism that cost the DNC it's victory. "Well actually, my poor man, a tomato is a fruit and every PhD economist knows that inflation is connected to fiscal policy's influence on the monetary supply"

The every day person uses the culinary definition of tomato, and inflation means that those tomatoes cost more at Walmart.


I would expect a botanist to know that a tomato is technically a berry, just like I would expect an economist to know that inflation is technically defined as an increase in the money supply.

Everyday people can use whatever definition they want. That doesn't mean economists, the Fed, etc should say "inflation" when they mean "price of goods".


Inflation is technically defined as an increase in the price level. You'll find the term defined in this way in every single economics textbook.


Entry level textbooks. It's one of those things they intentionally teach wrong to first year students in an attempt to "simplify"


Do you have a source? I've only ever seen it defined the traditional way. Besides, you can increase the money supply and not get inflation (defined the usual way). Inflation happens when the money supply increases more than the economy needs.


Inflation happens when money supply increases more than the value of the goods that you can purchase with that money supply. It isn't about needs, but things that can be bought, especially those with limited supplies like housing.


So if money supply stayed the same but a crisis reduced the supply of goods, while demand increased, then those raising prices are ... not inflation?


Say Price = Money supply / value of goods

If price goes up then inflation, if price goes down then deflation. If value of good goes down and money supply stays the same, inflation.


No, it's not an attempt to simplify. Advanced textbooks define it in the same way.


That definition depends on where you look, and when the definition was written. Between the roman empire and the mid 1900s inflation always referred to an increase in the money supply.


No, it didn't.


Bro, it's 2024.


The tomato price is too damn high!

Get it yet?


This exchange is like a microcosm of the educated elite trying to talk to ordinary people.


This comment made my day.


Matter-of-fact discussion of the economy didn't cause people to vote for a serial sex offender promising to execute his political rivals and purge America of immigrants. The messaging could be better but don't gaslight us. Something is very wrong with the calculus being used by a great number of Americans.


I think it is actually 3 things, but you can't do much about two of them:

-1/3 economic/voters: we need better/different economics/policy

-1/3 cultists/far right christians/nationalists: trump is how we finally rise to power/right the nation

-1/3 lolz/nihilists: i hate everything; burn it all down


2 and 3 are the same group. Accelerationists and white Christian nationalists are just rebranded white nationalists, so there is nothing surprising there. Hard to say what the distribution of purely economic voters is given how illogical that is. I'm hesitant to believe the excuses people have given how extreme of the rest of the campaign was and its parallels to a particular historical figure, going to the point of nearly plagiarizing quotes from the man.


> vote for a serial sex offender promising to execute his political rivals and purge America of immigrants

> Something is very wrong with the calculus being used by a great number of Americans

I'm sure a lot of people, especially independents who could have swung either way, voted for Trump precisely because they were sick of this attitude.

People are free to make partisan judgments against Trump or any other politician, but they will also suffer electoral consequences if those judgments are for the most part fact-free, as in your case.


You can repeat that quip three times in the mirror and it still won't change how plainly ugly his campaign and personal actions have been. Nor have you served me, nor liberals in general, any consequences that won't also impact Trump's base to an equal or greater extent.


Yeah, so instead they voted for the guy who printed the money. That'll show the DNC!


Both parties have been printing money since Clinton was in office. I don't really see debt or inflation as a problem of one party.


First, the Republicans have been running on a platform of pretend fiscal responsibility, and so deserve more criticism for the hypocrisy per their own standards. The Democrats have just been upfront about spending money.

Second, there's a huge difference between spending new money on specific policies for deliberate outcomes, and blindly dumping it into the financial sector to bid up the everything bubble as fuel for the Potemkin stock market and a handout to asset owners.


Didn't Clinton basically balance the budget by the end of his second term?


Yes he did. I've heard interesting arguments that they did some clever accounting to hide a small deficit on the books somehow, but I didn't quite follow well enough to say for sure. That technicality aside, Clinton balanced the budget and every president since has apparently thought that was a terrible idea.


> and every PhD economist knows that inflation is connected to fiscal policy's influence on the monetary supply

Huh? I always thought this is common knowledge.


Well, for one thing, monetary policy is the primary determinant of money supply, not fiscal policy.

Second, I think it is fair to say that the causes of inflation are uncertain, even among mainstream PhD economists. The quantity theory hasn't been matching empirical data, and newer theories like the fiscal theory of the price level are gaining attention.


It's actually libertarian gibberish.


> Inflation is actually the increase in the money supply. The term is used wrong almost everywhere today.

The word has multiple meanings. That’s monetary inflation. The primary meaning in use today is price inflation.


> Word X means Y, NOT Z

Wittgenstien would like a word. Words always mean whatever the hell the speaker thinks they mean, which is always unverifiable. We should always endeavor to understand what people _think they mean_ instead of insisting on some (faulty) denotation.

The inflation argument is always frustrating. In a vacuum, inflating the _supply of money_ would delate the _price of money_ which inflates the _prices of goods_. Most people say "inflation" to mean the price of goods, but it does no good to insist that one definition means you can't use the word in other ways!


So I can use the word 'dog' to mean a cat? Nonsense. The purpose of words is to communicate meaning. Therefore we must agree on what that meaning is beforehand in order to communicate effectively.


What's a dog? Is a child's plastic toy in the shape of a dog a dog? Maybe. Is a cross-bread wolfhound a dog? Maybe. Language games! Meaning is "fuzzy around the edges".

If you insist a cat is a dog, we're not playing a fun game - but that's up to me and up to you - Maybe someone in an undiscovered tribe doesn't know these words and wouldn't balk. If you say "dog" when you mean to insult someone, I might know what you're saying. But there is no mechanism to verify internal meaning.

I _strongly_ suggest reading some Wittgenstien if you're interested in this topic! If I say I speak Swedish fluently but refuse to ever utter a word, do I speak Swedish? Only our actions can vaguely point at our meaning. Language is a game we play with each other which does not and cannot communicate ultimate meaning. All we can do is agree or disagree to play games - animals dancing around a fire.


Don't for heaven's sake, be afraid of talking nonsense! But you must pay attention to your nonsense.


This is my main beef with "inflation" being used differently now from what it had been historically. Going back to the roman empire it was always about money supply increase, Keynes and crew decided that didn't sit well with them since money supply manipulation was their whole game.


You're just parroting the same thing again and again without providing any evidence. For a start, the amount of money in circulation is an unobservable quantity. It's extremely unlikely that the Romans had a word for it.


In antiquity[0], debased coinage would be equivalent to inflated currency today.

Each time the Romans debased their currency, they could be fairly confident that previous more valuable issues had a tendency to be hoarded if possible from that point on, and with a precise measure of the exact amount leaving the treasury could get a reasonably good estimate of how much was actually needed to be in general circulation. Perhaps the minimal amount to get by, perhaps not, maybe just depending on how generous Caesar felt at the time. And by offering a slightly more-than-fair exchange for the silver content, when issued, the amount that can afford to be hoarded can be deduced. While still turning a little bit of a "profit" from fractional percentages of silver that the general public can not measure accurately. Their central bankers were as shrewd as any existing today, equally as gifted mathematically as modern man can be.

Further inference can also be made about the resulting state of affairs by later following the private trading of recalled issues at "inflated" (previous) values.

If you were the one setting monetary policy risky enough that the chance for collapse was not as slim as it could be, you would want to know how close you were cutting it and the best way would probably be to get as good a handle on the money supply as you could, even if you could not gain full control. Nobody can anyway. But all effort always will be toward gaining more control.

This is basically the variable you could call _value of money_.

Not exactly the same as _price of money_, which is manipulable somewhat differently, but directly related to it in terms of _prices of goods_.

Which seems to be directly related to any type of inflation you can imagine :\

[0] Like the 1960's.


Sources?


No telling if the ancients acted on the information that was available if they wanted to, this is just one of the ways to do it that is not in conflict with their habit of gradual debasement of their coinage as reissues took place over the years.


Jesus. I'm reading this thread through the regular website layout and these kinds of derailments make it more difficult.


Its used in many ways, that doesn't redefine the word though. Inflation is a policy of increasing the money supply, nothing more and nothing less.

Inflation is not price increases. If that is the definition then the metric is effectively useless. Prices can increase for any number of reasons, looking only at price changes doesn't tell us anything meaningful or actionable.


“Inflation” doesn’t mean anything by itself. It is a shorthand for either price inflation or monetary inflation. Or inflating a balloon. Context is needed.


> “Inflation” doesn’t mean anything by itself.

It absolutely does when the correct definition is still used. Inflation is an increase in money supply, that's really all there is to it.

Your point is why the use of "inflation" to mean price increases is so meaningless. Prices change for any number of reasons and you need context. When "inflation" still means in increase in the money supply there is no context required to know what it means, though obviously that's not all the information you need to understand the economy.


https://www.merriam-webster.com/dictionary/inflation

You are wrong and that's why you are misunderstood. I would suggest just saying "increase in money supply" if you mean increase of money supply instead of using a term that means "a continuing rise in the general price level". That will make people understand what you mean.


What's "shrinkflation"?


It's not just "used in many ways," it has several definitions. The one that almost everybody uses -- including the Fed[0], US Dept of Labor[1], and the ECB[2] -- is about rise in prices. Nobody is saying that your definition is bad or wrong, but to claim that it's the only (or even primary) one is disingenuous.

[0] https://www.clevelandfed.org/center-for-inflation-research/i...

[1] https://www.dol.gov/general/topic/statistics/inflation

[2] https://www.ecb.europa.eu/ecb-and-you/explainers/tell-me-mor...


Sure, though it makes sense that most economists use the price inflation term. The change in how "inflation" was being used largely goes back to Keynes and Modern Monetary Theory. Most economists today fall into that bucket, of course they use the term in the same way.

That doesn't change the fact that the attempt to redefine it both co-opted the word and made it functionally useless. Prices change for all kinds of reasons. The amount of change alone is meaningless and using that meaning of the word allows economists today to play a lot of shell games with the numbers.


> change in how "inflation" was being used largely goes back to Keynes and Modern Monetary Theory

This is totally false. It dates to the inter-War period, specifically, to describe Weimar hyperinflation. (If you just look at money supply, it was bad. If you look at prices it was the disaster that it was.)


> Its used in many ways, that doesn't redefine the word though.

That's exactly how words get redefined.


> Inflation is actually the in the money supply

No, that is expansion of the monetary base. Inflation is an increase in price levels. If a country’s money supply contracts while prices rise that’s inflation.

The problem with the metallic definition is a country that loses half its territory and most of its reserves after losing a 19th-century war, thereby setting off double-digit price increases across its economy, doesn’t “inflate” from a monetary base perspective. Once we understood these concepts were separate, we segregated the terms. Insisting inflation refers exclusively to monetary-base expansion is phlogiston-theory stuff.


The problem with the metallic definition, meaning the definition of "inflation" from the roman empire until the mid 1900s, is that it didn't really work well with Keynesian economics or modern monetary theory.

Inflation has a bad connotation historically due to the number of examples where increasing the money supply too quickly ruined economies and destroyed empires. MMT and Keynesian economics use the money supply as the primary tool for controlling the economy.

They may not like that "inflation" described the exact mechanism for the main tool of modern economics, but that doesn't make it wrong. The easily could have come up with a new term for an increase in the price of goods rather than co-opting an existing term. That strategy seems very much like a play driven by ulterior motives.

It isn't so much that we had to understand new concepts as it was they had to redefine terms to put their new game in a better light. That's also why they talk about price increases rather than currency devaluation or theft. Both would be accurate, but price changes sound more benign.


> Inflation is actually the increase in the money supply. The term is used wrong almost everywhere today.

I'm sorry I just can't find a single source backing you up. All sources I find define inflation as increase in prices.


> I'm sorry I just can’t find a single source backing you up.

As adastra22 points out: some authors define the term inflation primarily as the increase in the money supply (“monetary inflation”), others primarily as an increase in (consumer good) prices (“price inflation”).

At least in modern economic literature and usage, the term “inflation” (without modifier) is more often used to denote price inflation rather than monetary inflation.

The insistence that the term “inflation” ought be primarily rather used for “monetary inflation” goes back to at least Ludwig von Mises, The Theory of Money and Credit, 1912:

“In theoretical investigation there is only one meaning that can rationally be attached to the expression inflation: an increase in the quantity of money (in the broader sense of the term, so as to include fiduciary media as well), that is not offset by a corresponding increase in the need for money (again in the broader sense of the term), so that a fall in the objective exchange-value of money must occur.”


Thank you


As far as I know only economists of the Austrian school use the term 'inflation' to mean an increase in the money supply.


Thank you for confirming my hunch that this level of confident-incorrectness and mixed up history could only have come from some damn article on mises.org.


While it may be true that the Austrian school uses it like that, it's certainly not the case that they're the only ones. In fact, I suspect if you speak to anyone economically trained over a certain age, there would be a high chance of them defaulting to this.

Growing up, a close relation of mine was an economist, and certainly not of the Austrian school. As a teenager, I was basically ganged up on by a teacher and some kids when inflation was brought up in class. They seemingly had no concept of monetary inflation, and I was forced to swallow that it referred solely to prices going up. I obviously questioned him on this incident, and he outlined that the "prices are going up" phenomenon is price/consumer inflation, and that increases to the money supply are monetary inflation.

Historically, monetary inflation and consumer inflation coincided (Supply of X goes up -> X is devalued -> consumables are now charged at higher X), and so distinguishing between the two wasn't particularly pertinent.

The Roman Empire's observations that debasement of their coins resulted in the increase in prices, meant that the original conception of inflation really was as a monetary phenomenon, not just that prices are going up.

It's really only a relatively recent phenomenon, from the early 20th century, that you had dual definitions trying to occupy the same word, although the concept that price inflation could deviate from monetary inflation probably was starting to be understood with the establishment of price indices in the 19th century.

Keynes arguing that prices could rise independent of the monetary supply post-Great Depression increased the focus on consumer inflation. It was around the 1970s where inflation more commonly came to consumer inflation in academia. 'Stagflation' of the 1970s is probably the tipping point in usage.

To conclude: it's not really wrong to use inflation to refer to monetary inflation, as it's the original usage, but considering consumer inflation as 'inflation' is definitely more in fashion (especially in the US).


I am a trained economist over a certain age. The use of the term 'inflation' as you describe is extremely uncommon among economists of any age.


https://www.clevelandfed.org/publications/economic-commentar...

Here's a good one I just found as so many here were asking for sources.


This doesn't support your assertion- in fact it does the opposite. The definition(s) of inflation has changed over time. That does not make the current definition(s) less correct


Well I did try to caveat it that its one of the few sources I could even find that reference the fact that the definition was changed.

My argument isn't with the fact that "inflation" is in fact being used to mean "price increase of goods." My issue is that economists co-opted the word at all and made it functionally useless, especially in isolation as it is often mentioned with no other context of why prices changed.

The use of "inflation" to mean money supply increase goes all the way back to the roman empire.


“Inflation” is measured based on the prices of a predefined list of goods.


Have you ever read up on that list of predefined goods? It is pretty interesting to see how regularly the list is changed and how many different factors they add in to adjust prices.

Someone did a study looking at magazine prices for example. They picked magazines because they almost always had prices printed on the cover and cover images are cataloged. I don't remember the exact numbers, but they found that the actual prices went up by a much higher rate than how the CPI calculated it because they were discounting price increase with a claim that quality got better. Meaning you may have seen the price double over time but the CPI only said it went up by 30% because you got more value from the newer issues.


> Inflation is actually the increase in the money supply. The term is used wrong almost everywhere today.

Do you have a source that this is the „correct“ definition? Wikipedia for example uses the definition you think is wrong, and specifically says that CPI measures inflation.


You can see glimmers of the original definition on the wikipedia page, but the term has been misused for decades noe and basically anything you try to find for a definition of inflation will talk only about prices.

https://en.m.wikipedia.org/wiki/Inflation

I can't get deep links in wikipedia on my mobile browser for some reason, but here's the full page.

The "Terminology" section vaguely references the original Latin word and gives a few nods to when currency was tied to gold. It is a bit hand wavy, though when it talks about new gold supplies being found or later mentions when the cost of money changes, those are both related to the original (correct) definition. Finding more gold increased the money supply, which may change prices though it doesn't have to.

Toman history sometimes covers the idea well as they inflated the currency by minting more coins to increase supply. I can't find a great link at the moment that covers it well from that angle though, I'll try to come back here when I'm at my desk if I find a good link down that rabbit hole.


If a word has been "misused for decades", its definition has changed.

It's a fool's errand to try to claim the original definition is the "right" or "only" definition at that point.

You've lost this semantic battle against the world, and it's honestly pretty exhausting to see you wasting effort trying to continue fighting a lost cause.


Sure, we could always make a different term for monetary inflation and avoid the ambiguity with the new definition but that doesn't fix the underlying point.

Monetary inflation is an important concept that is now almost entirely ignored. An increase in the cost of goods can be interesting, but its a second or third order effect of an extremely complicated system.

Price changes are meaningless without context and extremely difficult to understand with context. Money debasement, or inflation, is easy to understand and is a primary input to the system rather than a downstream effect.


Given that your original point was that someone used the wrong word, this feels like you're moving the goalposts now.


>the term has been misused for decades now

Am I out of touch? No it is all of modern economists who are wrong.jpg


Wait, is your argument that modern economists couldn't possible be wrong? Or in this case, that modern economists couldn't possibly have co-opted the term to better work with Keynesian economics and MMT?

If physicists decide to reuse the word "meter" for a unit of measuring volume does that mean anyone that uses it as a measure of distance is wrong? Wouldn't it make more sense to create a new term for the new need, a term that doesn't collide with centuries of use?


>If physicists decide to reuse the word "meter" for a unit of measuring volume does that mean anyone that uses it as a measure of distance is wrong? Wouldn't it make more sense to create a new term for the new need, a term that doesn't collide with centuries of use?

Perfect question!

In fact, the definition of "meter" has changed over time, and if you stick with the old definition, you'd be off by 0.2 millimeters:

https://www.nist.gov/si-redefinition/meter

Science changes as it needs to. (And the word "science" is doing a lot of heavy lifting here when we are discussing economics, aka the dismal science.)


A 0.2mm difference is so vastly different from the analogy he made to using it as a measurement of volume. Hopefully you're putting this forward as an interesting factoid and did not mean it as an actual argument.


I contend his analogy is wrong; it's not like "inflation" changed from a money policy thing to a labor market thing.


Inflation historically was a measure of the change in money supply. They co-opted the same word to instead measure an entirely different concept, the change over time of a basket of goods.

In my book that's very similar to taking a distance measurement and reusing the word to instead measure a totally different concept, volume. Curious how its different though, I may just be tripping myself up here.


Classical economists didn't seem to use the term 'inflation' in either sense. I can't find any evidence that 'modern economists' have corrupted the original meaning, like you imply.


https://www.clevelandfed.org/publications/economic-commentar...

This link does at least acknowledge the original meaning of the word, though it does imply that's an outdated use in economics.


The author certainly makes this claim, but fails to provide any evidence.

"It is during this period [the era between the mid-1830s and the Civil War] that the word inflation begins to emerge in the literature, not in reference to something that happens to prices, but as something that happens to a paper currency.7"

The footnote doesn't contain any reference.


Could they be wrong about the well-understood label they’ve agreed upon to refer to a particular concept in their field? No, and in fact I’m tempted to class the answer as tautologically “no”.


Growing up, a close relation of mine was an economist, and certainly not of the Austrian school. As a teenager, I was basically ganged up on by a teacher and some kids when inflation was brought up in class. They seemingly had no concept of monetary inflation, and I was forced to swallow that it referred solely to prices going up. I obviously questioned him on this incident, and he outlined that the "prices are going up" phenomenon is price/consumer inflation, and that increases to the money supply are monetary inflation.

Historically, monetary inflation and consumer inflation coincided (Supply of X goes up -> X is devalued -> consumables are now charged at higher X), and so distinguishing between the two wasn't particularly pertinent.

The Roman Empire's observations that debasement of their coins resulted in the increase in prices, meant that the original conception of inflation really was as a monetary phenomenon, not just that prices are going up.

It's really only a relatively recent phenomenon, from the early 20th century, that you had dual definitions trying to occupy the same word, although the concept that price inflation could deviate from monetary inflation probably was starting to be understood with the establishment of price indices in the 19th century.

Keynes arguing that prices could rise independent of the monetary supply post-Great Depression increased the focus on consumer inflation. It was around the 1970s where inflation more commonly came to consumer inflation in academia. 'Stagflation' of the 1970s is probably the tipping point in usage.

To conclude: it's not really wrong to use inflation to refer to monetary inflation, as it's the original usage, but considering consumer inflation as 'inflation' is definitely more in fashion (especially in the US).


Inflation is increase in the cost of living.

You've linked to a privately written article ("The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland ") by someone who worked for the Cleveland Fed, who blames printing currency for inflation. No doubt that debasement of the currency increases the nominal prices of things. But it's hard to square the idea that that's all there is to inflation when you consider that lots of countries had inflation after COVID. They didn't all coordinate on printing currency.


I've never actually seen anyone use "inflation" to refer to cost of living. Most economists use the term to talk about price increases of a subset of goods, but that isn't directly measuring cost of living.


It's literally how most people use the word.

Most people are not economists. All they know is they're spending more for less every month, and they don't like it.

The money supply idea has always been Austerian crackpot nonsense, intended to dissuade governments from investing in public services of all kinds because that's socialism, and we certainly don't want any of that.

In reality price rises are mostly driven by corporate profiteering, and sometimes - as in the oil crises of the 70s - by supply shocks.


> Inflation is increase in the cost of living.

This isn't entirely accurate, either. An increase in the cost of living occurs when real wages fall (in other words, when workers paid less, in real terms (adjusted for inflation), for the same amount of work). In principle, inflation doesn't necessarily lead to an increase in the cost of living, although in practice usually it does.


There are many faces of inflation. The "money supply" you are talking about was not the primary driver in the last few years and there was robust demand for the treasury issuance. You will see the money supply inflation pick up when treasury auctions start to fail. I believe this will happen down the road but not soon. Most of the inflation was driven by other factors: low-income labor shortage, and a supply side shortage that fueled an increase of prices for commodities and anything else up the chain.


> The "money supply" you are talking about was not the primary driver in the last few years and there was robust demand for the treasury issuance.

Unless I'm mistaken, I don't believe we can be sure of that. The economy is extremely complex, ferreting out the impact of any one intervention is nearly impossible.

On the surface it seems very unlikely to me that printing trillions in new money and giving it to banks, businesses, and directly to every citizen had no impact on prices. The supply of money increased dramatically and the cost of money (interest rates) was also extremely low.

Beyond my hunch though, I haven't found any data that has clearly isolated the inflation out of the equation to be able to show that the price increases weren't driven by the new money at all.


The Fed is really not printing anything, and they have a lot of power to control money supply through open market operations. It is incredibly efficient when doing this, and can increase the cost of capital very quickly. But like you said, it is hard to come to a definite conclusion or come up with a proof. The other parts of the equation that I mentioned are very hard for anyone to control.


I am sorry, but you are wrong, since about the 1960s. Inflation could be caused by money supply, sure.

But don't take it from me:

https://www.imf.org/en/Publications/fandd/issues/Series/Back...

https://www.investopedia.com/terms/i/inflation.asp

https://en.wikipedia.org/wiki/Inflation

https://www.mckinsey.com/featured-insights/mckinsey-explaine...

https://www.dol.gov/general/topic/statistics/inflation

https://gisme.georgetown.edu/news/what-the-hell-is-inflation... (Inflation used to mean what you claim it means...but doesn't anymore)

https://www.econlib.org/library/Topics/HighSchool/Inflation....

https://www.bankofengland.co.uk/explainers/what-is-inflation

https://www.rba.gov.au/education/resources/explainers/inflat...

https://www.axios.com/2024/05/26/inflation-definition-evolut... (There is some argument that I may too be wrong, and inflation is coming to mean high prices, but when the DNC campaign was talking about low inflation, it was not referring to prices, but change in prices.)


My point wasn't that the term is used this way, its that the definition of inflation has always been an increase in money supply. The common use of the term to mean a change in prices is a useless definition.

Its extremely common to hear "inflation" used to describe price changes, but the number is then used in isolation. Prices change for countless reasons and without detailed context related to supply/demand, strength of the dollar, etc you have NP idea why prices changed. Maybe we printed trillions and prices went up because the supply of money went up Maybe prices increased because demand is outpacing supply. The response to those situations and economic sentiment should be wildly different, but the inflation number may be exactly the same.


It's pretty cheeky, random internet guy, to tell multiple central banks--whose function can be placed squarely in the realm of economics--that they are wrong about what inflation is.


This Hacker News, people on here think they have a much better understanding than the experts about everything.

And that would even include something like "As a poor, single mother working 2 jobs in Pennsylvania, how is my life better under the current administration?"


"You probably rely on medicaid or medicare or the AHCA for health coverage. The first two are going to get slashed and the third is going to get shit-canned. Oh, and if you have a pre-existing condition, that's going to come under consideration again. Price controls are going away for medications you or your kids might rely on. There will be no raise in minimum wage and with tariffs coming, you might as well get a third job."

That would be my response, based on the past actions of republicans under Trump.


A quick google and most of this seems to be lies (not exactly surprised after 4 years of left-wing govt).


I didn't realize I was talking to central banks here, that's good to know.

I believe your argument, though, is that those in power can redefine existing words to whatever best suits their current needs and we should all accept that and not consider why we had the original definition in the first place?


> its that the definition of inflation has always been an increase in money supply

Can you provide a single source for this?

I'm looking at textbooks from 25 years ago (Macroeconomics by Doepke Lehnert Sellgren) and they also contradict you. How far back are we supposed to look for your definition?


https://www.clevelandfed.org/publications/economic-commentar...

Heres a good source I just found as so many were looking for sources here.

I believe it was around the 1960s or 1970s when most economists started using "inflation" to mean price increases.

The history there is pretty fascinating, it was basically a reaction by modern monetary theorists who really had to redefine it for their economic system to make sense. A core goal in MMT is to have a fiat currency and controls in place to let you manipulate the money supply quickly in an attempt to move the economy in one direction or another. With the original definition, inflation is actually the tool used by MMT rather than an indicator of economic health.


That history also pretty clearly explains the shift. The argument pretty quickly shifted to being based on the effects. Debtors favored currency supply inflation because it increased prices and thus decreased. Lenders favored the opposite.

Since most of the people arguing about the term care about a specific class of effect, the term grew to encompass that type of effect. As our understanding of the cause of that effect grew, the term shifted to primarily meaning the effect.

This all makes complete sense since most people don't care about the cause in itself but about how prices are changing.


> This all makes complete sense since most people don't care about the cause in itself but about how prices are changing.

I would hope that isn't true, an economy would function horribly if we only cared about the price change percentage and didn't care why it happened. If prices went up because most people had more money to spend you should act much differently than if prices went up because supply collapsed, for example.


> I would hope that isn't true, an economy would function horribly if we only cared about the price change percentage and didn't care why it happened.

That isn't what I said.

The causes of inflation to matter, but we generally only care about them because they cause inflation. We don't tend to care nearly as much about the causes in and of themselves.

Thus as the argument about how much inflation there should be progressed, it is perfectly natural that the term came to refer to the part of the debate we actually care (how fast prices rise) about rather than factor that can sometimes cause it.


The increase in money supply means nothing if goods and services are produced in larger quantities.


I'm not sure I understand this thought, it's possible producing larger quantities would actually increase the velocity of money which would increase money supply


Velocity of money itself is a funny term in modern economics. Modern monetary theory, or at least the economists that follow it, argue that the velocity of money doesn't mean anything and they basically ignore it.

Arguably, with a fiat currency where they can freely manipulate the money supply, they aren't wrong. That's a problem of fist in my opinion though, there are too many moving pieces and the data can be too easily manipulated to say whatever you want it to say.


In my mind part of the calculus in a high interest rate environments has to include the reduced movement in investments and into more stationary savings, maybe it's accounted for indirectly?


"Inflation is actually the increase in the money supply."

NO.

It is the cost of the goods. What people will pay.

Inflation Contributors:

30% money supply

30% was corporations raised prices specifically under cover of people blaming the government. This was actually listed on earnings calls, for profit.

30% supply chain shortages.


> It is the cost of the goods. What people will pay.

No. Even in the modern definition I'm arguing against here, this isn't right. The cost of goods is just a number, inflation in the CPI sense would be the rate of change of prices.

> Inflation Contributors:

30% money supply

30% was corporations raised prices specifically under cover of people blaming the government. This was actually listed on earnings calls, for profit.

30% supply chain shortages.

Where's the last 10%? And how do you come up with such specific numbers? Economies are extremely complex, I don't believe you could have untangled them so precisely or that the numbers behind it would be so evenly distributed.


That is needlessly pedantic.

You said Inflation was Money Supply, I said it was the cost of what you are buying. YES, technically it is the "change" in the cost of what you are buying. Congratulations. I assumed that was understood.

Percentages.

Nothing is exact. There are ranges, and really more than 3 factors. I was going off memory. Congratulations again on your discernment.

More ball park:

"" While pinpointing exact percentages for each contributing factor to inflation is complex and can vary significantly depending on the economic context, a breakdown of major contributors could include: high demand for goods and services (30-40%), supply chain disruptions (20-30%), labor cost increases (15-25%), rising energy prices (10-15%), government spending (5-10%), and currency devaluation (5-10%); however, these percentages should be interpreted as a general guide and not a definitive breakdown"

The point is, it is not Biden's spending, that is just another misleading right wing talking point. (lie)


> Inflation is actually the increase in the money supply

It's not that simple. That might be how it is defined in economy textbook, but in practice, how do government agencies measure inflation? You have predefined basket of consumer goods and record their prices over time, and that price increase is reported as "inflation rate", and that's what gets reported in TV news.

And yet you somehow blame people for misunderstanding the term when the wrong definition is hammered into their brains all the time by all the mainstream media.


> and that's what gets reported in TV news.

That's the clue that it's a signal. If every merchant is mandated to drop the cost of goods to 1$, the measure becomes meaningless for this purpose, while people continue to trade more and more for the same amount of goods. The published values themselves are incidental and barter normalizes, detached from the edge effects, as the underlying cause remains.

https://search.brave.com/search?q=inflation+origin&source=de...


Yet Paul Krugman told us that inflation was going down if we didn't include food, gas and etc. Just for this kind of gaslighting by the elites, the democrats deserve a giant middle finger.


Inflation is the devaluation of currency. Lowering purchasing power.


Amusingly/sadly JD Vance could tell you exactly why Trump wins. The secret is empty promises. In an unfortunate way, it’s a kind of empathetic approach.

It’s why he called Trump the “opioid of the masses”[1]. You just make promises even when you know it’s total BS. But at least people are feeling heard.

I think the average voter really doesn’t want to have a nuanced discussion where they learn about the problems that they’re experiencing. They just want to hear someone say “I got this”… even if they don’t.

[1] https://www.theatlantic.com/politics/archive/2016/07/opioid-...



I'm better off than 4 years ago, thanks to stock market. I guess that has to do with Biden-Harris' policies. That said, people are not just economic animals, right? My blood boils when the left attacks 1A, and when Kamala blames retailers for price gauging.


It doesn't help that they've let retailers merge into monopolies for the last 40 years.


Absolutely, 100%. Biden and Harris have failed in the messaging all along, dramatically and obviously!!


They failed on the policy too. Good policy makes for good messaging.


Trump isn't going to bring down prices though, so what's the point? Inflation wasn't tamed by your own definition under any Republican either.


People are frustrated. Incomes are below the levels of a half century ago, and there are a growing number of things you “have” to pay for.

Internet, streaming services, increasingly deregulated and less subsidized utilities, private equity hyperinflating housing costs, etc.

Sure, we live better in many ways.. but that too takes its toll. Vehicles are much, much more advanced (and expensive), for example. Instead of owning land and living in whatever you can build, people live in better accommodations but own nothing. Credit replaces savings with the promise of instant gratification. In every transaction there are parasitic costs all the way down in the name of efficiency, JIT logistics, payment processors, etc. the costs of these “savings” is passed on the the consumer, while the temporary balance sheet boost is distributed to the capital class through stock buybacks or dividends.

In the end there is a good or service that you “need” for every penny you can possibly make if you are on the top of the bell curve.

The economy is fundamentally a two party system, those who generate and shed surplus value (wage workers), and those who seek to recover the fraction off the value that the workers were given in exchange for their time.

Companies exist to harvest and concentrate this surplus. When the distinction between the workers and the companies is small, as with small enterprise, worker-owned businesses, etc this system actually works fairly well.

It also works well even for large companies working on physical or technological frontiers. They benefit much more by moving the bar in innovation or resource exploitation than by optimizing profitability on a fixed resource.

When it is huge corporate conglomerates in crowded or saturated markets, that exist primarily to enrich investors from a relatively static market, it becomes less clear where the benefits fade into the burden that these entities place on their host populations.

The outcome we see today is the counterintuitive result of a relatively efficient market - total living costs will rise to consume all of the available “surplus” resources. Nature abhors a vacuum, and unspent cash makes a howling roar that attracts capitalist parasites from miles away. It’s the unmentioned corollary of the efficient market, and it is turbocharged by regulatory capture (thus the battle over community broadband, right to repair, etc)

The same system that incentivizes rational actors to seek superior value incentivizes their counterparts to create vendor lock-in, soft price fixing, hostile supply chain manipulation, deceptive trade practices, regulatory capitulation, and more. It’s often more profitable to manipulate incentives than it is to create a superior value position.

The net result of this push-pull between entrepreneurial innovation and parasitic trade practices is the sucking up of all significant sources of discretionary spending. So if you are doing well at an average level, you will be living paycheck to paycheck just to buy the “essentials”.

This is a systemic problem endemic to capitalism when there are no more commons (frontiers) to consume.

This is probably the best argument for aggressive space colonization and industrialization.

A wild, unpredictable frontier is the only suitable substitute for the cleansing power of large scale war to clean out the graft, grift and cobwebs from entrenched capital. Otherwise, every erstwhile efficient market becomes a new frontier for “inefficiency farming”.


That is just factually wrong: "Blinder and Watson found that since 1945 the average inflation rate was higher under Republican presidents than under Democrats". Wages are also higher under Dems.


If that isn't the bistory of the world: a certainntype of man making others do things that are against their interest.

Trump has been elected by people who are all willing to pay more taxes so the maximum tax bracket can pay less. And his tarrifs: most economics agree who will pay the brink of that.


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I got a raise this year, yet my purchasing power is less than it was two years ago. The stock market just surged post-election. Please explain to me how I am better off.

Please explain to me how "third way" Democrats stood for union values from the Clinton-Obama eras.


The claim is groups like the Heritage foundation, Manhattan Institute, Cato, Hoover Institution, Heartland, American Enterprise and other think tanks are actually propaganda manufacturing companies who lie to people as a profession.

It's a specific claim


Biden objectively kept inflation lower in the US than most of the developed world.

What did you want instead? Actual policy proposals, not vague feelings.

The ultimate crime of democrats is continuing to provide explicit proposals in a post-reality world. The Republicans realized you can just make shit up on the fly, change your mind literally every day, and the masses will latch on to whatever they want to believe and assure everyone else that their own personal interpretation of whatever vague promise they got is actually the right answer.

But only if you have the magic (R) next to your name.


The inflation was a false boogie man pushed by MSM. Inflation was never the problem, it's people lack of understanding that wars cause prices to explode.

The Iraq 91 war literally ended the USSR, which dissolved a few months later because of soaring prices and economical failures. The Ukraine war might end up pushing the US into a second tier country, especially since Trump brings Musk and RFK into the government, who are literal morons when it comes to managing anything.


"Ignore the fact that everything costs more; you're just angry at the war but don't realize it" does not seem like a winning campaign slogan, but what do I know?


The "Everything costs more" is a byproduct of something more important, not sure what that is, but focusing soley on econmoics as the cause of our issues seems shortsighted, but hey, what do I know.




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