The data is lagged (currently only supports 2020-2021 YoY rate of change, currently expecting the 2022 data in Sept of this year. For questions/feature requests contact me at https://twitter.com/censusreport/
Consider one aspect of "stimulus" is that a bunch of people suddenly no longer had to worry about rent. All that money they would have gone to rent instead when to Dogecoin and GME.
This is not how money works and I've seen so many people make deeply flawed arguments because they misunderstand it. Money flows continuously and is only at rest when it's held in vehicles like bank accounts, money market funds, and bank reserves.
When you increase the money supply dramatically, that money is in circulation, and various factors determine its average velocity. There's also a multiplier effect in the form of debt created on top of base money. But the key point is that almost all money is continuously flowing through an economy. Incidentally, disincentivizing people from leaving money at rest for too long is precisely why it's important for a currency to be inflationary.
Aren't these points orthogonal? Yes, money flows when it's not parked somewhere, but when a lot of people use extra cash for unproductive speculation it tends to make current or future recessions worse. What is needed is deliberate investment of time, money and effort building a prosperous future, not throwing surplus income at shiny things and hoping it magically multiplies.
No they are not orthogonal. You seem to still not understand. What happens to the money used to buy an unproductive speculative asset? The answer is it keeps moving and, in fact, on average it probably continues to move very quickly so long as it's stuck in speculation limbo. Hence, on average, it doesn't stay trapped in speculation limbo for very long. It's a brief detour, not a destination.
Ok, can you help me understand? Are you saying direct stimulus is not a big factor in the recent inflation? If not, what is?
And would you say it's a good thing for the circulation you describe to float free of productive activity? I would say, sure, for a little while and in moderate amounts. But if allowed to expand without bound and continue indefinitely it risks untethering minds and markets from the material foundations that make it all possible in the first place
I look at money as renewable energy and yes you absolutely would prefer that energy be channeled into more productive uses. Whatever would maximize collective human flourishing. But the overarching point I'm trying to make here is that rapidly expanding the money supply will cause problems. Congress and the Fed pumped money into the economy with reckless abandon and now we're paying the price.
While it's true that too much money can cause an overheated economy and inflation, I think it still remains to be seen how much of our current inflation problem is due to increased demand or simply supply restrictions. After all, all the major ports in the US are still back logged and not back to normal. The cost to ship a container from China to a west coast port went from $7k to $20k in the last 2 years and it is just now starting to go back down a little bit.
> why it's important for a currency to be inflationary
Money is created when people take out loans right? (like for a home or car, or when a buisness takes out a loan for capex)
So if the population contracts (i.e. the boomers start dying) doesn't that mean there should a contraction of money supply since fewer people will exist to take out loans?
I think what you're asking is whether money can be destroyed and the answer is yes. For example, if the Fed allows debt instruments it holds to be paid down. What matters, of course, is the relative rate of money creation vs money destruction.
This 100%, used to have the same problem as OP. They want you to work on their startup start talking about compensation, that'll sort things out real quick.
I guess "everyone" is wrong. The huge influx of money is part of it but the current inflation doesn't have just one cause. There is a huge spike in energy costs partially from the war in Ukraine, partially from a decrease in production by the prices cratering in 2020 and partially from an increase in demand. There are huge supply chain problems everywhere. Massive labor shortages. I'm sure I'm missing some others. This isn't a simple problem with a simple cause.
The data is lagged (currently only supports 2020-2021 YoY rate of change, currently expecting the 2022 data in Sept of this year. For questions/feature requests contact me at https://twitter.com/censusreport/
Here is a sample map. https://imgur.com/RG7E2yx
Some of the data groups include
MARITAL STATUS
SCHOOL ENROLLMENT
EDUCATIONAL ATTAINMENT
VETERAN STATUS
RESIDENCE 1 YEAR AGO
U.S. CITIZENSHIP STATUS
LANGUAGE SPOKEN AT HOME
ANCESTRY
COMPUTERS AND INTERNET USE
EMPLOYMENT STATUS
COMMUTING TO WORK
OCCUPATION
INDUSTRY
INCOME AND BENEFITS (IN 2021 INFLATION-ADJUSTED DOLLARS)
HEALTH INSURANCE COVERAGE
PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST
12 MONTHS IS BELOW THE POVERTY LEVEL
HOUSING OCCUPANCY
UNITS IN STRUCTURE
YEAR STRUCTURE BUILT
ROOMS
BEDROOMS
HOUSING TENURE
YEAR HOUSEHOLDER MOVED INTO UNIT
VEHICLES AVAILABLE
HOUSE HEATING FUEL
OCCUPANTS PER ROOM
VALUE
MORTGAGE STATUS
GROSS RENT
GROSS RENT AS A PERCENTAGE OF HOUSEHOLD INCOME (GRAPI)