***Post a MEME Thread***

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Peaver Bogart said:
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TRUTH!
I take Exit 5A off of Interstate 676 three days a month, minimum, which is one of the exits for downtown Camden NJ.
Yes, the name of the road is Martin Luther King Jr. Boulevard.
The moment you get off that exit if you look to the right you will see the homeless encampment.
Keep going to the right and you head towards the hospital.
Go one block in any direction from the hospital and if you ain't black there are times you won't be coming back!
Even the cops are afraid.
 
Yoyodyne said:
I remember that era as a kid. Next thing in line were price controls, no one was allowed to raise prices in an effort to rein in inflation. I assume that's coming for us too. Can you say Squeeeeze small businesses out of existence?
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Your memory is flawed. Richard Nixon instituted the wage price-controls, ignoring every economist on the fucking planet, and it was Nixon, not Ford or Carter, that caused the ensuing inflation. Nixon ended the controls in 1973 and learned that wage-price controls never work as advertised. Nixon, Ford, and Carter just failed to deal with it. Ford made WIN (Whip Inflation Now) buttons but did nothing...then wondered why he lost the election. Carter was a Biden level idiot. See if this sounds at all familiar......

"At the beginning of 1978, President Carter initiated a voluntary program under which government, business, and labor, inspired by persuasion and publicity, would cooperate in an anti-inflation effort. But the results were disappointing. So, on October 24, 1978, the President issued an urgent call to battle. First, he promised to cut the budget deficit, restrain the federal payroll, delay further tax cuts, remove needless regulations, and encourage more competition. Second, he asked labor and business generally to limit wage increases to 7 percent and price increases to 5% percent. And third, he proposed, in order to encourage labor cooperation, a real wage insurance plan under which workers who observed the program’s wage standards would be eligible for tax rebates if the inflation rate should exceed 7 percent. These, then—if the Congress approves the necessary legislation—are the principal weapons in our arsenal against inflation."

Arthur Burns, William Miller, and Paul Volker were all appointed by Carter. Only Volker was effective. The first two pussy footed around interest rates much like this idiot Jerome Power is doing; only Volker understood that interest rates had to exceed the rate of inflation to shock the economy back into some sort of balance. We will not see inflation affected until the Fed does the same here, and they won't. Further Joey, Chucky, and Nancy will continue, through their policies, to increase the speed at which inflation increases.

At some point I will sell a sell of pistons that I have laying about for 300K and pay of my house for free.
 
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