In and ideal world, yes. Probably not in this world though. Maybe it would be farther along in the right direction?

Wondering what Robert Fox and others like him think about our former president doing the tomahawk chop tonight for the whole world to see. Can't say I'm surprised - always the divider.

Curious what you think about our current president causing massive inflation. Washington is stealing our money. Not a good look.

He wasn’t even doing the chop! It was photo shopped. Every time I see him I want to sing “Send in the Clowns”.

Definitely only Biden and not the last few decades of monetary policy catching up to us.

I'm not an economics wonk or anything, so I may well be wrong here, but generally speaking when I see any economic issue blamed squarely on one administration -- particularly one that's 11 months old, it seems too convenient.

My understanding is this: in a vacuum, inflation rates are very high -- price increases are something like 5%. But when compared to pre-pandemic numbers, the rise is much less substantial, and the sharp increases don't take into account drops due to the pandemic. Add to that that several of the consumer segments used to determine price increases -- used cars, fuel, shelter (which includes both home costs and hotels) -- were segments hit in very direct, and strange ways by the pandemic and it becomes far less cut and dry what's driving inflation right now. Then, of course, the labor market's seen a huge shift over the last 2 years in ways nobody yet fully understands and I just have no idea how to unpack the variables and land comfortably on "Biden is stealing money from Americans."

But like I said, I'm not an expert and may well be wrong about all of that. Which Biden admin policy (or policies) is it that's resulting in this spike?

Agreed. If you compare prices to last year -- when prices were artificially deflated because a lot of people were out of work so demand was way down -- that's a bit unfair. If you compare them to two years ago, prices aren't that much higher. Much has to do with all those ships sitting offshore loaded with goods from overseas -- supply is down, so prices go up. And that's largely due to policies from the '70s, '80s and '90s that allowed companies to send jobs overseas. We're not making goods in the U.S. as we used to, so we can't just ramp up output like we used to. The previous administration was going to fix this, but instead of focusing on creating jobs in the U.S. (he did take credit for jobs that were created through policies from prior administrations) he played tariff war, which didn't help create jobs, and lowered corporate taxes with no incentives that they earn those lower taxes by creating jobs in the U.S.

Pretty much nailed it. This is why the current inflation rates are a problem for the entire world and not just US. The current climate has very little to do with internal US policy.

https://www.bbc.com/news/business-59316544

One of my favorite courses in grad business school was the global economy. Even the most seasoned economists sometimes get it wrong. That's because the economy is global AND fluid. And many of its components aren't of recent vintage. I am recalling my first visit to Singapore in 2010. I was surprised to learn that Ford, Singer Sewing Machine, NCR and other U.S.-based biggies had had facilities there since the 1920s. The U.S. had established a consulate there some 80 years previously, in 1837. Can a U.S. president influence an economic "tone?" Yes, but not as effectively as in the past with the rise of economic powerhouses such as China and South Korea. Could Biden and Jerome Powell team to reduce inflation? Yes, but with the unsavory consequence of possibly bringing on recession. That's precisely what Reagan and Paul Volcker did - that is brought down inflation with a resulting recession that, mercifully, was brief.