Trump's Tariffs and BRIC

[Legio_Italica]

The claim that Biden's policies bear no responsibility for the inflation in USA is not of contention here. No one made that argument. No one discussed that argument. We're discussing whether inflation was worse in USA or EU. You claimed that the situation was significantly worse under Biden. We challenged that claim and here you are hanging on to measures within fault margins. The moment you start making stuff up about what others argued you start to concede the lack of merit of your own position.

So much condescension and projection just to concede your position altogether. I haven’t “claimed” much apart from citing facts which you’ve unsuccessfully disputed for the last two pages. I cba to rehash the usual “I never said that” and “no you” backpedalling.

Interestingly you cut out this part from the beginning of your quote:

Another part that “misunderstands” the chart you posted? If it bothers you, just read the rest saying the same thing.

I reckon it didn't sit well with your initial claim that Biden's policies significantly worsened inflation in USA compared to other advanced economies.

How so? Are you just doubling down here after denying you ever disputed it? That’s not “my claim,” that’s analysis from the IMF which I already cited.

Also from your source:

Yes, the part highlighting European and US inflation are different, undermining your position on that point as well. And?

We know better.

Who is we? The portion you quoted explains demand pulled inflation higher in the US in contrast to Europe. This is consistent with the IMF analysis I posted indicating US demand was significantly overheated by Biden’s policies.

[PointOfViewGun]

So much condescension and projection just to concede your position altogether. I haven’t “claimed” much apart from citing facts which you’ve unsuccessfully disputed for the last two pages. I cba to rehash the usual “I never said that” and “no you” backpedalling.
Another part that “misunderstands” the chart you posted? If it bothers you, just read the rest saying the same thing.
How so? Are you just doubling down here after denying you ever disputed it? That’s not “my claim,” that’s analysis from the IMF which I already cited.
Yes, the part highlighting European and US inflation are different, undermining your position on that point as well. And?
Who is we? The portion you quoted explains demand pulled inflation higher in the US in contrast to Europe. This is consistent with the IMF analysis I posted indicating US demand was significantly overheated by Biden’s policies.

Not a single argument to be seen in your denial of facts. You haven't even posted any analysis by IMF as you claim to have. How you still try to beat this dead horse is something mind boggling.

[Legio_Italica]

I did, in post 21. The inane gainsaying and gibberish you’ve attempted to dispute it with is the only horse being beaten here.

[PointOfViewGun]

I did, in post 21. The inane gainsaying and gibberish you’ve attempted to dispute it with is the only horse being beaten here.

Post 21 has one article from Brookings Institute and one from Economic Policy Institute regardless of what they talk about. Zero IMF publication. "Inane gainsaying and gibberish" indeed.

[Legio_Italica]

According to the authors—Laurence Ball of Johns Hopkins University and Daniel Leigh and Prachi Mishra of the International Monetary Fund—it is unlikely, but not impossible, for the Fed to achieve the soft landing (substantially lower inflation with only modestly higher unemployment) that it projected in June.

Some of the consumer demand that fueled the economy, as well as the labor market tightness, in turn, can be explained by the Biden administration’s $1.9 trillion American Rescue Plan enacted in March 2021. Without it, the authors estimate that annualized monthly core inflation would have been 3.7 percent in July rather than 6.5 percent.

Cue “I never said that” and “no you.”

[PointOfViewGun]

Cue “I never said that” and “no you.”

Is it an IMF publication or not?

[Legio_Italica]

Is it an IMF publication or not?

Yeah, it’s an IMF Working Paper published on their website, which can also be downloaded from the Brookings article.

[PointOfViewGun]

Yeah, it’s an IMF Working Paper published on their website, which can also be downloaded from the Brookings article.

So not an IMF publication or position like you tried to claim it is. Got it. The Brookings Institute article you actually linked to rightfully doesn't make that connection the way you try to as well. You could neither get the status of the statement nor the content of it right. Nowhere in the content you showed does IMF, as an institution, like you tried to use, or even IMF associates for that matter, argues that Biden's policies compared to other advanced economies, that also enacted similar policies, created significantly higher inflation numbers. The kind of deceptive argumentation you resorted to does not accomplish anything. We started with your failure of basic percentage calculation and ended with this attempt of falsehood propagation. Sigh...

[Legio_Italica]

So not an IMF publication or position like you tried to claim it is. Got it. The Brookings Institute article you actually linked to rightfully doesn't make that connection the way you try to as well. You could neither get the status of the statement nor the content of it right. Nowhere in the content you showed does IMF, as an institution, like you tried to use, or even IMF associates for that matter, argues that Biden's policies compared to other advanced economies, that also enacted similar policies, created significantly higher inflation numbers. The kind of deceptive argumentation you resorted to does not accomplish anything. We started with your failure of basic percentage calculation and ended with this attempt of falsehood propagation. Sigh...

It’s an IMF publication on the IMF website by IMF researchers and it says exactly what I said it does and quoted, regardless of where else it is published and discussed. You’re just making stuff up again. We’ve established that the higher peak in European inflation was driven by energy/supply shocks while the US situation was driven by overheated demand worsened by Biden’s policies and has been higher overall during the same period. The only reason we’re talking about the comparison between European and US inflation to begin with is because you pivoted away from your allegation that I committed some nonexistent error by estimating cumulative US inflation since 2021 rather than calculating the rate, which was even higher than the figure you disputed. Sigh indeed.

[PointOfViewGun]

It’s an IMF publication on the IMF website by IMF researchers and it says exactly what I said it does and quoted, regardless of where else it is published and discussed. You’re just making stuff up again. We’ve established that the higher peak in European inflation was driven by energy/supply shocks while the US situation was driven by overheated demand worsened by Biden’s policies and has been higher overall during the same period. The only reason we’re talking about the comparison between European and US inflation to begin with is because you pivoted away from your allegation that I committed some nonexistent error by estimating cumulative US inflation since 2021 rather than calculating the rate, which was even higher than the figure you disputed. Sigh indeed.

Not much can be said when you don't even acknowledge a basic fault in using financial math. Its important to note, however, that you chose to compare USA's inflation under Tump in a pre-COVID world with that of under Biden during and post COVID world as if it was a proper comparison in a thread about Trump's tariffs. Let's have a chat when you don't try to compensate Trump's lunatics with blatant falsehoods and deceptive arguments.

[Legio_Italica]

Not much can be said when you don't even acknowledge a basic fault in using financial math. Its important to note, however, that you chose to compare USA's inflation under Tump in a pre-COVID world with that of under Biden during and post COVID world as if it was a proper comparison in a thread about Trump's tariffs. Let's have a chat when you don't try to compensate Trump's lunatics with blatant falsehoods and deceptive arguments.

There’s nothing wrong with estimating cumulative inflation by summing annual averages in the context of this discussion, because the compounding effects during the period are immaterial to the argument. The Biden Admin’s role in causing higher inflation was highlighted in response to the claim Trump tariffs cause high inflation whereas there was no high inflation during Biden’s term. It’s not my fault you chose to die on the hill defending the outgoing US administration with a series of nonsensical tangents for multiple pages rather than deal with the topic of the thread.

[PointOfViewGun]

There’s nothing wrong with estimating cumulative inflation by summing annual averages in the context of this discussion, because the compounding effects during the period are immaterial to the argument. The Biden Admin’s role in causing higher inflation was highlighted in response to the claim Trump tariffs cause high inflation whereas there was no high inflation during Biden’s term. It’s not my fault you chose to die on the hill defending the outgoing US administration with a series of nonsensical tangents for multiple pages rather than deal with the topic of the thread.

No one claimed that. No one even referenced past Trump tariffs or inflation under Biden. You could at least get that right. This is a 3 page thread and only 3 posts existed before you mentioned inflation under Biden. Yikes.

[Legio_Italica]

Yes, the thread is only a few pages and your latest inane denials are as easily refuted as the rest.