Inflation

[dirtywick]

ever heard the brown note?

 

[Thermal]

Now we are just getting crass. Can't we all just curse each other out like proper gentlemen?

 

[dirtywick]

i don’t want to curse you out. it’s the funniest note.

 

[theprestige]

Supposedly unique due to the volcanic soil and unique weather patterns of sunny mornings and cloudy afternoons. There's also something attractive to me about domestically produced goods of any kind.

I do like a good domestically-produced good. But it kind of loses its domestically-produced lustre when you start selling it globally. But yeah, if you live in Hawaii, by all means drink the local stuff.

The wine thing is real, as I understand it, but most people claiming to have a somalliers' appreciation are just posing. They can't tell a fine vintage from Mad Dog 20/20.

I don't much care if a bean was grown on a volcano's slopes- but if you tell me it's a domestic product and it 90% ain't, that's not clean pool.

Kona not being synonymous with domestic, I'm not seeing the problem.

 

[Thermal]

I do like a good domestically-produced good. But it kind of loses its domestically-produced lustre when you start selling it globally. But yeah, if you live in Hawaii, by all means drink the local stuff.


Kona not being synonymous with domestic, I'm not seeing the problem.

Kona is grown in a US State, farmed by an American company paying taxes and all within our borders which contributes to our overall robustness. Kinda does more for us than buying Robusta from Vietnam?

Eta: yes, it's a crude outlook, but if you buy $100 worth of Vietnamese coffee, that's $100 that went towards another country's prosperity. $100 spent domestically is providing jobs for your neighbors, and instead of taxes being paid to the Vietnamese treasury, it goes to ours,

We spend plenty on imports. A little home grown is good stuff on balance.

 

[theprestige]

Meh. I think the economics of commerce with a remote Pacific island aren't the kind of thing that's satisfactorily encompassed by "domestic"

 

[Thermal]

Fair enough. Hawaii is functionally pretty much a territory, like Puerto Rico, in everything but... well, statehood. Still, millions in taxes paid to the US Treasury beats donating directly to Vietnams, even if only a little? No? Alaska is pretty remote from us too, but we dig those pipelines and fish, yeah,?

 

[dirtywick]

on the other hand, domestic coffee companies have literally no choice but to import the beans

 

[Solitaire]

Unless the Bank of France is fully privately owned, Melenchon is almost as stupid as Trump.

Even in the US, the government effectively pays no interest on bonds held by the Fed because all Fed profits get returned to the Treasury.

You are correct. They are state-owned, and all profits go to the state.

Banque de France: Central Bank Accounts

That same year, some observers were excitedly touting the radical idea of "cancelling" the public debt held by the central bank as a means of freeing up budgetary resources to finance the ecological transition. The advocates of this idea recognised that any such cancellation would result in a loss for the central bank without wiping out its liabilities (i.e. banknotes, commercial bank reserves). But in their view, this loss would not matter, as a central bank could function perfectly well even with negative equity.

This overlooked the fact that in France, as in most other European countries, the state is the sole shareholder of the central bank. Impoverishing the central bank would not enrich its shareholder. In concrete terms, a loss-making Banque de France would not have paid EUR 3.5 billion to its shareholder-tax collector in 2020. The state would have had to find these resources elsewhere, by raising taxes, cutting spending or borrowing on the markets. Using the central bank to finance expenditure is forbidden and, even if it were allowed, unfortunately it would not escape the harsh realities of public finance arithmetic. But it would do lasting damage to a central bank's ability to fight inflation (see Bénassy-Quéré, 2020).

I think the old MMT order where a little inflation no longer satisfies politicians’ desire to spend more. We may very well enter a period of hyperinflation if they get control over the so-called printing press.

Probably has a million Euros at Polymarket on le Pen.

Even worse. Trump in a black dress.
I wonder if the 2020s echo the 1920s.

It's not entirely BS. The problem is that inflation needs to be measured so that bond and coupon rates can be set. If inflation is running at 4%, people want 5% on deposits, so a weighted basket gets used to give conformity.

Blunt tool, but it's the only tool we have.

Odd that he attributed it to him - maybe he thought crediting Disraeli would give it gravitas.

Well, in the United States your taxed on income at 37% of the total, plus 4% for Net Investment Income Tax of 4%, plus another 11% if you live in a high income tax state like New York, plus 4% income tax in New York City, and you also have to pay fees as well. So you need to charge about 8% to deal with all that just to get one percent return on your money.

 

[The Great Zaganza]

Beans are rarely the bottleneck for a good cuppa.
Storage, grind and preparation need to avoid all the common pitfalls before you will be able to savor the nuances of different origins and qualities.

 

[Thermal]

on the other hand, domestic coffee companies have literally no choice but to import the beans

True enough. But if they roast and package and distribute and retail and all over here, that's some percentage being put back into our economy? Say it's only 20% infused into the domestic economy, while buying imported-owned retail products infuses 5% (distributing, stuff like that). 20 is a bigger number than 5, yeah? In a country increasingly relying on imported goods, I'm a fan of domestic when practical.

 

[dirtywick]

i suppose ultimately that would depend on the price