Quote:
Originally Posted by Hehe
I don’t even need to look for it. It said right there in the link he posted. That’s why I said he needs to learn to actually read the whole thing instead of googling on keywords as he’d miss the whole context.
https://en.m.wikipedia.org/wiki/U.S....arty#Inflation
First paragraph:
Blinder and Watson found that since 1945 the average inflation rate was higher under Republican presidents than under Democrats, though inflation tended to rise under Democrats but fall under Republicans
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Hey dumbass do you know WHY inflation goes up? It's not covered in Econ 101 but it is covered in 201.
https://www.rba.gov.au/education/res...in%20inflation.
Quote:
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More jobs and higher wages increase household incomes and lead to a rise in consumer spending, further increasing aggregate demand and the scope for firms to increase the prices of their goods and services. When this happens across a large number of businesses and sectors, this leads to an increase in inflation
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Under Democrats inflation increases b/c employment is going up driving up demand resulting in rising inflation. Under Republicans employment decreases and lowers demand resulting in falling inflation.
That average inflation is lower under Democrats is indicative of better financial management - the rise is signal of increased economic performance.
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