＞ * If macro-level deflationary policies that cause micro-level price destruction and chronic depression continue, the economy will inevitably become emaciated and be forced down the path of self-destruction—just like the former Soviet Union and Eastern Bloc, Japan’s "Lost 30 Years" of Heisei deflation, and the French Fifth Republic following the May 68 events.
＞ * The sheer absurdity of liberal hypocrites (Democrats, Socialists, Communists, Labor) screaming that reaching out to help the ignorant proletariat, "Prentice-boy Gon-suke" types, and minorities who reject global standards established by modern civic revolutions is more important than economic growth—even if their own nation's economy shrinks and the country where their children and grandchildren must live ends up self-destructing.
＞ * During the 2022 cost-push inflation triggered by the supply shock arising from the Ukraine War, the U.S. Fed and ECB committed a grave error leading to "high interest rates and high inflation" by misapplying the New Keynesian Taylor rule, which is originally valid only during periods of demand-pull inflation.
＞ * Looking at this, it is not difficult to imagine that the U.S. Fed's monetary policy during the two supply shocks and cost-push inflation episodes of the 1970s was likewise mistaken.
＞ * To cope with cost-push inflation that exceeded the U.S. Fed's capacity, the Republican Nixon, Ford, and Reagan administrations tacitly permitted the influx of Japanese cars—which were reasonably priced and fuel-efficient compared to American cars—and succeeded in bringing the two cost-push inflation episodes of the 1970s to an end.
＞ * However, the U.S. Democratic Party and alumni of the pro-China trash at Harvard, Yale, UC Berkeley, and Columbia—who were supposed to believe that "obtaining goods cheaply benefits the working class and proletariat"—fiercely revolted against this.
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＞ * If macro-level deflationary policies that cause micro-level price destruction and chronic depression continue, the economy will inevitably become emaciated and be forced down the path of self-destruction—just like the former Soviet Union and Eastern Bloc, Japan’s "Lost 30 Years" of Heisei deflation, and the French Fifth Republic following the May 68 events.
＞ * The sheer absurdity of liberal hypocrites (Democrats, Socialists, Communists, Labor) screaming that reaching out to help the ignorant proletariat, "Prentice-boy Gon-suke" types, and minorities who reject global standards established by modern civic revolutions is more important than economic growth—even if their own nation's economy shrinks and the country where their children and grandchildren must live ends up self-destructing.
＞ * During the 2022 cost-push inflation triggered by the supply shock arising from the Ukraine War, the U.S. Fed and ECB committed a grave error leading to "high interest rates and high inflation" by misapplying the New Keynesian Taylor rule, which is originally valid only during periods of demand-pull inflation.
＞ * Looking at this, it is not difficult to imagine that the U.S. Fed's monetary policy during the two supply shocks and cost-push inflation episodes of the 1970s was likewise mistaken.
＞ * To cope with cost-push inflation that exceeded the U.S. Fed's capacity, the Republican Nixon, Ford, and Reagan administrations tacitly permitted the influx of Japanese cars—which were reasonably priced and fuel-efficient compared to American cars—and succeeded in bringing the two cost-push inflation episodes of the 1970s to an end.
＞ * However, the U.S. Democratic Party and alumni of the pro-China trash at Harvard, Yale, UC Berkeley, and Columbia—who were supposed to believe that "obtaining goods cheaply benefits the working class and proletariat"—fiercely revolted against this.