I treasure your emails and read everyone! Thanks for all of your efforts and sharing your experiences and knowledge. Keep em coming! Have a beautiful weekend!
What a thoughtful message to write to this community online! I noticed the repeated messages and figured that it was a small snafu but it was no big deal.
You keep me grounded knowing that I am not alone in my perception of all that is going on and have taught me so much by simply voicing what I couldn’t reason with in my own mind. After being isolated for two years you (and your team) have provided a lifeline to truth and transparency which is so refreshing and encouraging.
Wishing you an equally wonderful and restful weekend.
Hi Robert, You seem to me to understand very well why we're having inflation. But Jerome Powell does not seem to. He plans to raise interest rates, which you oppose. Can you explain what's going on with him?
And, I've noticed that quite a few other people also don't understand inflation and related topics, as you do. What's going on?
Dana, It's very frustrating. When we believe we have only one tool to control inflation (interest rates), the Fed feels responsible for controlling inflation by raising interest rates -- thereby harming vast numbers of people by slowing the economy, making it harder for them to afford homes or cars, making it less likely they'll get pay raises and more likely they'll lose their jobs. In fact, we have many tools -- such as antitrust laws and windfall profits taxes.
It also puts an unnecessary burden on the poor, who suddenly have to pay higher interest on things like loans and mortgages. The higher the interest rates, the less I can afford to pay down the capital on my credit card. Once again, the rich get richer at our expense, I keep hearing Tennessee Ernie Ford in my head, singing "another day older, and deeper in debt..."
I thank you so much for your time and knowledge. (2) things, when are the Democrats going to hit hard on those just making more and more money and not paying the taxes on it. Individuals plus the oil companies, etc. Also, when is Biden going to PARDEN Lenard Pelter??????
I treasure your emails and read everyone! Thanks for all of your efforts and sharing your experiences and knowledge. Keep em coming! Have a beautiful weekend!
You work too hard Professor Reich. Please try to enjoy your weekend by doing very little.
I shall! Thanks, Terri
We love your emails!
You’re the smartest, most compassionate expert ever. Please run for the presidendency!
Lois from WY
Wishing the same back at you.
Hello Professor Reich,
What a thoughtful message to write to this community online! I noticed the repeated messages and figured that it was a small snafu but it was no big deal.
You keep me grounded knowing that I am not alone in my perception of all that is going on and have taught me so much by simply voicing what I couldn’t reason with in my own mind. After being isolated for two years you (and your team) have provided a lifeline to truth and transparency which is so refreshing and encouraging.
Wishing you an equally wonderful and restful weekend.
Anne 🌻
Palm Sunday 🌴
Your messages are always welcome. You are a light in the darkness. Have a great weekend!
You and Heather. Voices of sanity and reality.
Hi Robert, You seem to me to understand very well why we're having inflation. But Jerome Powell does not seem to. He plans to raise interest rates, which you oppose. Can you explain what's going on with him?
And, I've noticed that quite a few other people also don't understand inflation and related topics, as you do. What's going on?
Dana, It's very frustrating. When we believe we have only one tool to control inflation (interest rates), the Fed feels responsible for controlling inflation by raising interest rates -- thereby harming vast numbers of people by slowing the economy, making it harder for them to afford homes or cars, making it less likely they'll get pay raises and more likely they'll lose their jobs. In fact, we have many tools -- such as antitrust laws and windfall profits taxes.
It also puts an unnecessary burden on the poor, who suddenly have to pay higher interest on things like loans and mortgages. The higher the interest rates, the less I can afford to pay down the capital on my credit card. Once again, the rich get richer at our expense, I keep hearing Tennessee Ernie Ford in my head, singing "another day older, and deeper in debt..."
Enjoy your weekend, Professor.
Another substance account I subscribe to had posting problems a few days ago.
You, too!
And you too- PA to Il to WI and back to IL. Thanks!
I thank you so much for your time and knowledge. (2) things, when are the Democrats going to hit hard on those just making more and more money and not paying the taxes on it. Individuals plus the oil companies, etc. Also, when is Biden going to PARDEN Lenard Pelter??????
💗
Thank you, Mr. Reich. They came to me too. Have a nice day and lots of friendly greetings Mr. Reich
I am using them for my teaching.