If one of the criticisms of the 'ultra-easy' low interest policy is that it causes inflation, that doesn't appear to be the case since inflation has been going down there just like every other country..
EU countries had deflation for years post-2008 because of neoliberal policies but China having deflation for a few months after a year of higher than normal inflation is bad apparently.
A Morgan Stanley consumer survey for December, published in January, found just over half of respondents expected the economy to improve in the next six months. But it also noted that 76 per cent of consumers have made spending cuts to at least one category in the past six months, and that across all categories, consumers were downgrading to cheaper brands more often than they were upgrading to more expensive ones.
Ok why is that inherently bad? If the cheaper product is 90% as good the expensive product why would you get the cheap one?
2015: "Europe has endured deflation before, and prospered"
The first Trump administration stress-tested the bonds between the U.S. and its allies, particularly in Europe. Trump derided the leaders of some friendly nations, including Germany’s Angela Merkel and Britain’s Theresa May, while praising authoritarians such as Turkish President Recep Tayyip Erdogan and Russian leader Vladimir Putin. He has called China’s Xi Jinping “brilliant” and Hungary’s Viktor Orbán “a great leader.”
This is so stupid. Trump was the one who started a trade war with China. Him praising Xi doesn't mean shit.
Secondly, despite claiming to be anti-west, Erdogan and Orban are both pro-West allies and will fall in line under pressure. Both countries are NATO members too btw. Why is such a democratic organization like NATO having "authoritarian" countries as members?
Also why is there no mention of Modi? Both Biden and Trump have been more than friendly with him.
Trump's Israel policy is no different. He is more belligerent towards Iran.
In campaign speeches, Trump remains skeptical of organizations such as NATO, often lamenting the billions the U.S. spends on the military alliance whose support has been critical to Ukraine’s fight against Russia’s invasion.
Rhetoric and actions are entirely different. Trump knows very well that Ukraine War is ultimately beneficial for the U.S. and the MIC.
Another thing to keep in mind, U.S. is NATO, without the U.S there is no NATO.
He warned: “We must realize that the EU cannot be an economic and civilizational giant and a dwarf when it comes to defense, because the world has changed.”
That has been the status of Europe since end of cold war, a puppet of American capitalism, nothing more. And nothing will change unless there is a socialist revolution or something.
Usually the "insane" bills like these are written by crank Republicans, MTG types. This one's got a Democrat too, even if it doesn't pass it goes to show how unhinged Dems are.
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Import substitution is communism and hence bad.