Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Competence And Inflation

November 22, 2021November 21, 2021

Thanks for your feedback on my “optimism,” some of which I summarized Saturday, in case you missed it, and more of which I hope to share soon.

In the meantime:



Paul London in The Hill:


Republican leaders during the Great Depression opposed all the key Democratic programs that still help ordinary people like Social Security, unemployment insurance, government employment programs, investments in dams and public works, efforts to bolster farm prices and a minimum wage. They opposed these programs on the grounds that they would be inflationary, run up the debt, and be socialistic, the same arguments they use against Biden’s programs today. The Consumer Price Index had fallen more 30 percent from 1929 to 1933 and unemployment stood at 25 percent but Republican saw inflation around the corner because they understood that the wealthy and corporations would have to pay workers more if joblessness dropped and people had a safety net to fall back on. . . .


He notes that aggregate GDP over the next 10 years will total around $300 trillion, upon which Build Back Better’s 1.8. trillion 10-year investment — largely or entirely paid for by taxes on corporations and those making more than $400,000 a year — will have all but zero inflationary impact.



As described here, Mitch Landrieu is a great hire to oversee $1 trillion in infrastructure spending.  Competence restored!

(And a question for those who, the story reports, were upset Landrieu removed a statue of Robert E. Lee — who fought the United States Army to preserve the kidnapping and enslavement of millions of his fellow human beings.  Do they think the Russians were wrong to remove statues of Stalin?  Or the Germans, to remove statues of their former leader?  Is it really that much different?)



Have a great week!

 

Post navigation

← Gloom, Doom – Clarified
A Crypto Optimist and a Crypto Skeptic Walk Into a Podcast Studio →

Quote of the Day

"HOW TIMES HAVE CHANGED DEPT.: Front page headlines from Monday's New York Times (one cent), January 1, 1900: SNEAK THIEVES GET $3,200. (In Chicago, no less.) BRITON TO BECOME AMERICAN. (Vice Consul at Kansas City to Be Naturalized There.) ERRORS IN THE HEMP FIGURES. (Someone must have been smoking it.)"

.

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Great News!

    May 21, 2025
  • Whom We Lost

    May 20, 2025
  • Two Books Out Tuesday -- And More

    May 18, 2025
  • Springsteen

    May 16, 2025
  • 1.0 Actually Wasn't That Bad, Other Than . . .

    May 15, 2025
  • Of Profits, Protests, and Posters

    May 13, 2025
  • The President's Plane . . . Oh, Brother

    May 12, 2025
  • From Driverless Taxis To Busy Baby And Beyond

    May 11, 2025
  • Three Great Men

    May 11, 2025
  • Doug, Simon, Dave, John, Caitlan, And Pete -- I'm A Fan

    May 8, 2025
Andrew Tobias Books
  • Facebook
  • Twitter
©2025 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams