How do we deal with the inflation crisis?

[King]

INFLATION!



!

[All Along The Watchtower]

bring back the gold standard!!

[Maxwell]

Increase the fed reserve rate 500 basis points, raise taxes, lower government spending, BALANCE OUR BUDGETS.

[RI]

Convert everything to bitcoin and ride deflation all the way down.

[Donald Trump 2016 !]

1. Convince the Fed to stop printing money.

2. Balance our budget IMMEDIATELY.

3. Back to Gold standard.

4. DEFLATION PARADISE!

[Sprouts Farmers Market ✘]

Honestly, if we just legalized pot, I think it'd just all go away. It'd be like chill, yeah, you know. Everyone would be chill and rich.

[🦀🎂🦀🎂]

But guys what if





Fiat Money doesn't exist

[Donald Trump 2016 !]

But guys what if





Fiat Money doesn't exist

We should let the individual states print money. Worked well in the articles of Confederation. Back when America was truly libertarian.

[Sprouts Farmers Market ✘]

Nah, but for real, I would institute Nominal GDP targeting because no one is even taking the current thing seriously, least of all the Fed.

[Donald Trump 2016 !]

Nah, but for real, I would institute Nominal GDP targeting because no one is even taking the current thing seriously, least of all the Fed.

How would Nominal GDP targeting be able to effectively target dramatic supply shifts though? (whether it's the negative kind such as the late 70's oil embargo, or the positive kind of the 90's tech boom)

You know, situations that create either high unemployment/high inflation (70's) or low unemployment/low inflation (90's)

[Sprouts Farmers Market ✘]

Nah, but for real, I would institute Nominal GDP targeting because no one is even taking the current thing seriously, least of all the Fed.

How would Nominal GDP targeting be able to effectively target dramatic supply shifts though? (whether it's the negative kind such as the late 70's oil embargo, or the positive kind of the 90's tech boom)

You know, situations that create either high unemployment/high inflation (70's) or low unemployment/low inflation (90's)

I know instituting targets is generally thought of as long term for purposes of faith, but I'm thinking of it more as a technique of the current situation. If we need to replace it in 10 years with what we currently have to combat a different crisis, so be it, and the banks better go along with it if they know what's good for them. The current tools weren't even tools until the 70's came along. Nothing wrong with adjusting for the current situation though.

[Frodo]

Austerity

[OSR stands with Israel]

Easy , cut spending, and get the Fed to raise interest rates. Worked for The US from 1980-1982, Reagan cut domestic spending, and Volker raise interest rates which ringed inflation out of the economy, then after inflation got cut to like 4% interest rates and taxes got cut which stimulated the economy in big ways

[Ebsy]

Easy , cut spending, and get the Fed to raise interest rates. Worked for The US from 1980-1982, Reagan cut domestic spending, and Volker raise interest rates which ringed inflation out of the economy, then after inflation got cut to like 4% interest rates and taxes got cut which stimulated the economy in big ways

King, I think you have the answer you were looking for.

[TheDeadFlagBlues]

reduce foreign aid spending and get rid of the tax code.

[bedstuy]

Ron Paul Predicts Hyper-Inflation: 2/23/1981

Ron Paul Predicts Hyper-Inflation: 1/17/2009

Ron Paul Predicts Hyper-Inflation: 3/12/2011

Ron Paul predicts Hyper-Inflation 9/29/2013

Ron Paul predicts... guess what!? Hyper-Inflation!!!!! 7/12/2015