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15
Travel Bangkok Ranks 6th Among World's Most Expat-Friendly Cities
Got a menu to show? -
10
Expats & Locals Living in Chiang Mai Facebook group - gone or hiding
Word salad? Or do you think Maga fans will commit suicide?😳 -
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Report Nudity Scandal on Thai Beach Fuels Calls for Tourist Behaviour Crackdown
Mr. Michal just wanted to show his little man the big world once.. -
15
Travel Bangkok Ranks 6th Among World's Most Expat-Friendly Cities
Not as good as Bangkok and Chiang Mai imo. -
66
Donald Trump is still winning, one hundred days in
No, you think you know more. Try reading that last link, as I know you didn't, before replying. Remember I said an open mind, not one blinded by boot licking hero worship. Facts and not opinions. Inflation has many factors, with very little to do with the president besides tariffs, which rise prices, ..............Seeing you didn't bother to read it, I'll post a few lines here.......... During the worst of the pandemic, prices started rising everywhere. Groceries, cars (both new and used), gasoline, housing. At one point, inflation reached 9.1%, the highest level since 1981, although it’s since cooled down. When things get more expensive, some want to blame the current presidential administration. Former president Donald Trump said both President Joe Biden and Vice President Kamala Harris were responsible for the record levels of inflation that consumers saw in recent years. But presidential policies did not drive the record inflation we saw during the pandemic, economists told Marketplace. “I think that people generally over attribute control over the macroeconomy to presidents,” said Tyler Schipper, an associate professor of economics at the University of St. Thomas. Supply chain issues had more of an effect on inflation than policies from either the Trump or Biden administration, Schipper said. There was pent-up demand as the economy reopened, while supply chains were “bogged down.” You also have to take into account geopolitical conflicts, like Russia’s invasion of Ukraine, which led to higher wheat and gas prices. Both Biden and Trump signed COVID-19 relief packages that provided individuals, businesses and local and state governments with trillions of dollars in aid. That stimulus helped stoke demand and contributed to inflation, according to a study from the Federal Reserve Bank of St. Louis. But the St. Louis Fed said it also helped stave off “worse outcomes.” Hassan said it’s also unfair to blame the president for the level of inflation because prices rose around the world, and some countries had even worse inflation than the U.S. For example, inflation reached a peak of 11.1% in the U.K. and a peak of 10.6% in the European Union. There are some, limited ways that presidential administrations could implement policies that lead to price increases. If the economy is doing really well, tax cuts could drive up prices because people have more money to spend, Schipper said. And presidents can implement tariffs on goods, which can also lead to rising prices. U.S. consumers would end up having to pay for those tariffs. U.S. importers have to pay import taxes (i.e. the tariffs) to the U.S. government, and to compensate for that lost money, they’ll either eat the costs or pass them along to you in the form of high prices.......................................Like I said, time will tell.
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