People say I’m going to fire all of these meatpackers because COVID-19 closed down the Hotel all this meat is going to and bam, -30% + deflation starts to kick in and our politicians start to panick, because those politicians are smarter than you and know where that was going.
Politicians overcorrected and caused inflation from overaddressing our COVID-19 issue. But I’d rather live with inflation than the massive job loss numbers that was facing us in 2020.
Now today, we have a bunch of dumbasses who can’t even remember the economic calamity we avoided just 4 years ago complaining about inflation that happened fucking years ago.
This shit just happened and people are like “Why the fuck did meat prices go up?”. How short-term are yall’s memory? And then we used economics to print a fuck-ton more money to encourage more people to eat meat (to minimize the boom/bust… borrowing from the future so that we’d eat more meat during the COVID19 era), and people wonder where the hell all this inflation came from.
Its pretty fucking straightforward yo. We saved the jobs, we tried to mitigate the culling of hogs / cows. Then we had a boom/bust period that ultimately concluded with 2022-era inflation, and then we tried to deal with that. COVID19 was a very difficult time for policymakers, economics. But we lived through it, but still are dealing with the “ripples” of that change.
Was it perfect? Hell no. Now that we know today’s statistics, we can say that we printed too much money and left interest% rates too low. But overall, we did the right thing, and it’d require a crystal ball showing 2024 data to know whether we printed too much (or too little) money back in 2020. I’m happy we chose to err on the side of inflation and save as many jobs as possible, and if we had a time-machine I’d go back to 2020 and overall support the same actions (though maybe a bit less money-printing so that we don’t have quite as much inflation).
No.
People say I’m going to fire all of these meatpackers because COVID-19 closed down the Hotel all this meat is going to and bam, -30% + deflation starts to kick in and our politicians start to panick, because those politicians are smarter than you and know where that was going.
Politicians overcorrected and caused inflation from overaddressing our COVID-19 issue. But I’d rather live with inflation than the massive job loss numbers that was facing us in 2020.
Now today, we have a bunch of dumbasses who can’t even remember the economic calamity we avoided just 4 years ago complaining about inflation that happened fucking years ago.
https://www.vox.com/2020/5/4/21243636/meat-packing-plant-supply-chain-animals-killed
https://www.theguardian.com/environment/2020/may/19/millions-of-us-farm-animals-to-be-culled-by-suffocation-drowning-and-shooting-coronavirus
This shit just happened and people are like “Why the fuck did meat prices go up?”. How short-term are yall’s memory? And then we used economics to print a fuck-ton more money to encourage more people to eat meat (to minimize the boom/bust… borrowing from the future so that we’d eat more meat during the COVID19 era), and people wonder where the hell all this inflation came from.
Its pretty fucking straightforward yo. We saved the jobs, we tried to mitigate the culling of hogs / cows. Then we had a boom/bust period that ultimately concluded with 2022-era inflation, and then we tried to deal with that. COVID19 was a very difficult time for policymakers, economics. But we lived through it, but still are dealing with the “ripples” of that change.
Was it perfect? Hell no. Now that we know today’s statistics, we can say that we printed too much money and left interest% rates too low. But overall, we did the right thing, and it’d require a crystal ball showing 2024 data to know whether we printed too much (or too little) money back in 2020. I’m happy we chose to err on the side of inflation and save as many jobs as possible, and if we had a time-machine I’d go back to 2020 and overall support the same actions (though maybe a bit less money-printing so that we don’t have quite as much inflation).