@Revelation1217 Pathetic the parent of a child has so little control over their child that it is another persons fault that they can’t parent. It’s parents like these that are raising kids that ruin our country and believe they are entitled to everything without work or sacrifice.
G’morning, friends! ☕️
Based on your many viewing of Jaws, what’s something interesting you know about Chief Brody? #Jaws
I know that he strongly dislikes an unorganized desk! lol
@SpeakerJohnson@johnthune if this is true? Republican lawmakers are considering raising the U.S. debt ceiling during the post-election lame-duck session, potentially using budget reconciliation to avoid needing Democratic votes roughly $4 trillion increase, after Congress raised the ceiling by $5 trillion to $41 trillion in 2025. Can you not limit every federal budget by law to only +2% ? Save America. @RandPaul
When will politicians learn the American people want individuals of pragmatic and moral character that just want our country and citizens to win. Quit picking low character low moral values people just because they are connected or the other person upset you. It is why we are struggling in Texas !@realDonaldTrump @SpeakerJohnson@johnthune
@DrJStrategy When you have never bought goods and services and still had to meet market demand and a payroll you get uninformed bankers. @RebelEconProf
Logan’s Inflation Error: Burning Down the House to Roast the Pig
Dallas Fed President ignores its own Trimmed Mean PCE measure at 1.92% in her speech. Ignore the Data, ignore the theory, Demand Rate hikes. This is the Fed.
Lorie Logan’s speech is a clear example of a senior Fed official unable, or unwilling, to distinguish between higher output generated by investment and expanding supply and higher output driven by excess consumption. That distinction is the entire issue. New factory capacity, inventories, logistics networks, energy infrastructure, and domestic production add to supply and relieve inflation over time. Consumption that persistently outruns available output can create excess demand and sustained price pressure. They are not the same thing.
Yet Logan treats stronger activity as evidence that monetary policy is insufficiently restrictive. Her claim rests in part on the observation that “The Texas Manufacturing Outlook Survey found output accelerated sharply in September.” That is the reveal. An increase in supply is not inflationary. More manufacturing output means more goods, greater capacity, fuller inventories, and fewer shortages, the very process through which an economy relieves price pressure. Logan instead treats stronger production as evidence that demand is overheating.
Her assertion that “without any policy restriction, inflation will likely continue its above-target trend” simply assumes the point at issue. Inflation can remain above target while tariffs, higher energy costs, and other negative supply shocks pass through the economy. That does not establish excess demand. Nor does it demonstrate that rate hikes will improve the real adjustment.
This is classic Keynesian demand-management dogma, observe healthy output and spending, presume excessive demand, and prescribe tighter money. But rate hikes cannot create energy, undo a tariff, rebuild a supply chain, or expand productive capacity. They cannot speed the adjustment to a tariff shock or a negative energy shock.
They can only suppress demand, and, worse, raise the cost of the capital investment, inventories, logistics, factories, and energy infrastructure needed to adapt to those shocks. Higher rates risk delaying the supply response while weakening the economy that is generating it.
Logan wants to burn down the house to roast the pig, use broad demand destruction to attack inflation that may largely reflect supply-side disruptions already working their way through the system. Growth alongside easing inflation is not proof of overheating. It may be evidence that supply is recovering. Her error is to see that recovery, call it inflationary, and then threaten to choke it off.
Opening remarks for moderated conversation at Voices of the Eleventh District https://t.co/EA2j8J8dIx via @DallasFed
The House passed the Ratepayer Protection Act 417–3. Then 43 Senate Democrats blocked it.
The bill would push regulators to make data centers cover their own costs.
Democrats campaign against higher utility bills, then block legislation to protect your wallet.
@StephenMoore Pass a bill that EVERY Federal budget including SS and Medicare/Medicaid including Military unless Congress Declares War. Cannot grow more than the Feds target inflation rate of 2%! Not one dollar more.
@JohnKasich@RandPaul Penny Plan or some variation. I believe the federal government across 100% of annual spending should by law be capped at 2% to match Feds inflation goal. Everything!
The problem is oil is an international commodity that suffers from perceived supply disruption. Even when not now strait was constrained the additional supply from let’s just say the Americas more than filled the void but the story drove the market up yet gas refineries had zero disruption in supply. Gas companies took advantage and drive prices at pump up leading to record profits.