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1962Buff

Joined: 01/23/2019 Posts: 1189
Likes: 1880


You forgot stop BBB legislation and encourage domestic oil production


The spending binge in the BBB legislation will fuel more inflation.

Encouraging domestic oil production will lower the price of oil. Since energy prices are a key driver of inflation, lower energy prices will help with the current inflation spike.

And the only problem with your "raise interest rates" solution (which I believe will be needed) is the near $30,000,000,000,000 of federal debt.

Every basis point increase in interest rates jacks up the debt servicing on the national debt, leaving fewer Federal dollars to be used on little things like Social Security, Medicare, Medicaid, the military.

(In response to this post by cswilliam)

Posted: 11/11/2021 at 10:38AM



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Current Thread:
 
  
How to address inflation -- cswilliam 11/11/2021 06:50AM
  It's just transitory -- 84Buff 11/11/2021 1:08PM
  Propane users get ready -- 84Buff 11/12/2021 08:18AM
  How, exactly, did Ds create the inflation problem? ** -- bufffantheman 11/11/2021 11:09AM
  But none of that has happened yet -- bufffantheman 11/11/2021 11:34AM
  Potential matters -- 84Buff 11/11/2021 1:35PM
  Sure. So why then has the stock market been rising? ** -- bufffantheman 11/11/2021 1:50PM
  The Market in general -- 84Buff 11/12/2021 08:37AM
  That chart I linked does not show that to be the case ** -- bufffantheman 11/11/2021 4:47PM
  Yet we are still at historically high levels ** -- bufffantheman 11/11/2021 5:01PM
  But you don't bother to ask if we should be -- bufffantheman 11/11/2021 5:07PM
  Maine isn't big enough . . . -- 84Buff 11/12/2021 12:01PM
  No it's not -- 84Buff 11/11/2021 1:45PM
  Here is the link -- bufffantheman 11/11/2021 1:53PM
  Because the year isn't over. Dig deeper. -- bufffantheman 11/11/2021 3:34PM
  US oil production -- bufffantheman 11/11/2021 1:33PM
  Then why is Joe asking OPEC to pump more? -- 1962Buff 11/11/2021 4:59PM
  I'm not lying to myself -- bufffantheman 11/11/2021 5:01PM
  The dip was related to demand, not policy -- bufffantheman 11/11/2021 5:08PM
  Explain to us how that works ** -- 84Buff 11/13/2021 08:14AM
  Because they are catching up to the new demand -- bufffantheman 11/12/2021 10:40AM
  Energy is a world wide product -- bufffantheman 11/11/2021 12:22PM
  COVID caused this, not a new president ** -- bufffantheman 11/11/2021 1:06PM
  The US was -- 84Buff 11/11/2021 12:34PM
  Your not dumb. Your a small business owner, no? -- Colo Spgs Buff 11/11/2021 11:24AM
  Supply and demand -- bufffantheman 11/11/2021 11:33AM
vm312