This meme makes it seem like the US inflation rate is the lowest among industrial nations, but it cherry picks the list to ignore all the other countries with lower rates. In reality, the US has a higher inflation rate than the majority of G20 nations.
https://tradingeconomics.com/country-list/inflation-rate
▪️There’s an attempt now, among memes and the chattering class, to treat inflation like it’s a mysterious force of nature, spreading across the world like some sort of natural disaster, inevitably swallowing all countries in its wake. This is nonsense.
▪️Inflation is largely a global economic issue, but that’s because almost every government/central bank has been doing the same thing! Particularly since Covid, printing tons of money and artificially lowering interest rates in an attempt to stimulate their economies.
▪️Thus, it should be no mystery that inflation (everywhere and always a monetary phenomenon) exists after unprecedented global monetary interference. The fact that it exists nearly everywhere doesn’t change the root cause or absolve the leaders of blame.
It’s bizarre to see them seesaw back and forth that Trump is totally clueless and aloof, just golfing all day, then all of a sudden he’s a dangerous king/dictator who’s diligently plotting to seize absolute power.
▪️This one is frustrating because, while it’s nice to see the vigor and speed that DOGE is acting with, they’re also sloppy with some of their findings. This is not some bombshell, millions of dead people’s SS numbers aren’t being paid out to fraudsters.
▪️This problem has been known for some time, you can read an inspector general’s report from 2015 about millions of names on the SS “numident” not being correctly annotated for deaths, even though they were older than 112 (the oldest known American at the time).
https://oig-files.ssa.gov/audits/full/A-06-14-34030_0.pdf
▪️There are innocent explanations for some of these. Expatriates that died outside the country, for example. Or immigrants given temporary work permit who returned to their country, people issued new numbers for various reasons, etc. However, most are simply due to the govt not diligently keeping track of deaths.
▪️It’s embarrassing that the govt has millions of numbers on the numident that are ...
