“Think of the MSM as democrat operatives with bylines and it all makes sense.” Instapundit
Kieth is blowing it out his economic @ss again. IMO
Om I suppose you can’t read,, it’s very clear if you look below the headline number.
But Table A-7 continues to show the disaster for Americans. Over the last 12 months the employment:population ratio for native-born Americans has dropped like a stone, from 58.9 to 58.2%. That’s bad particularly considering that the headline (unadjusted) as month number is today 59.2% and one year ago was 59.7. In other words 0.7% decrease for Americans while the total was a 0.5% decrease.
Foreign-born workers? 63.7% -> 64.1%.
From Karl Denenger
Not only did they take Americans’ jobs they are employed at a higher rate than Americans too.
Om your a ( insert expletive here) moron ,, take your meds. That would be a handful of little blue pills .
Keith believes the media. Can’t cure stupid. But he can do “projection” regarding medications.
One quibble. [edit – the quibble is with Ace’s post]
Prices have gone up since the beginning of the Iraq war as a result of increased fuel prices.
That’s not inflation, that’s supply and demand.
Inflation is due to monetary policy, not scarcity of resources.
Prices that change due to low supply and high demand can be reduced to “normal” by the free market. Either supply will increase or demand will decrease…or both.
Inflation is a result of more currency being introduced than the increase in wealth it represents. Inflation is only reversible through deflation, which would be devastating to our debt-based economy.
Imagine: you take out a loan for $1,000 when that $1,000 represents, say, 10 days of labor and the interest a day of labor for a total of 11 days.
But then the government tightens the money supply and deflation occurs.
Now that $1,000 you owe represents 15 days of labor and 1.5 days in interest.
Multiply that out to a $400k mortgage or a $50k car loan and now there’s no way you’ll ever pay off your debt…so why try? Widespread bankruptcy. Massive defaults. Banks fail.
The rub is inflation discourages savings and encourages debt. Why save when the money you save will be worth less in 10 years when you need it? Why not borrow now when the money is worth more and pay it off over 10 years as the money you owe progressively decreases in value?
Incentives matter.
And then there is this
A MASSIVE India H-1B visa fraud ring has just been busted…nearly 90% PERCENT of India’s visa applications contain FRAUDULENT INFORMATION
100,000 THOUSAND counterfeit certificates have been seized ?
“Law enforcement in India claim it has uncovered a network of universities that produce fake degrees which were possibly used to obtain these high skilled H1B visas, including one school which allegedly stole over 36,000 fake degrees. It cost as little as $1,400 for one of those.”
Amazingly, this good news was not even mentioned in the “business” section of the local Librag today!
@ Keith > also from that H1-B Tweet: “And while these are supposed to be high skilled employees during almost all of Biden’s time in office, 83% got junior or entry level positions.”
We have known this for years, possibly decades; it didn’t just happen under Biden Inc.
Also, we knew that the people imported to do the jobs for which “no American is available” have often been trained by US citizens already holding those jobs, who are then fired.
Like the “Learing Centers,” autism scams, and Medicare/Medicaid frauds: all of this could have been stopped a long time ago, if the government and NGO and business thieves in charge had ever done their oversight and auditing jobs AT ALL (I was going to say properly), instead of joining in the embezzlement and robbery.
And I do not think any of those charges are exaggeration.
@Aesop ,,I cannot disagree with anything you posted.
Sailorcurt on June 6, 2026 at 7:47 am:
Thank you for your examples. I understand the theft of inflation as devaluing money or debt.
I am a little fuzzier on the penalties of deflation, maybe because I usually minimized my debt postures. We would pay cash even for our autos and only had to use mortgages for housing. And as I got older and could afford to pay off my mortgage, I realized my tax deduction benefit was also declining with the interest-principal sliding scale.
But I did use a HELOC with an adjustable interest rate for a rental and a second home. When the 2008 problem occurred, I was like a deer in the headlights, not knowing if my debt payment would go up or down. So I rapidly paid it off as quickly as I could.
With that in mind, how does your view of deflation work if the debt/mortgage instruments being used are based on an adjustable rather than a fixed rate. For some reason, thinking through some types of financial concepts just hurts my brain. 🙂
Am I correct in thinking that then the debt interest payment would go down so the labor time allocation would remain about the same?
“With that in mind, how does your view of deflation work if the debt/mortgage instruments being used are based on an adjustable rather than a fixed rate.”
The traditional means of combatting inflation is to increase interest rates at the Fed level, and to combat deflationary pressures is to decrease interest rates.
When the Fed reduces interest rates in the face of deflation, variable loan rates go down, but most variable rate loans have a “floor” written into the terms, below which they cannot go; so variable rate loans would decrease interest to a certain level, but generally not to zero.
The problem is that if the interest rate drops low enough, banks just stop lending money. It’s not financially feasible for them. So if you have a variable rate loan that bottoms out at, say 2%, you might want to refinance to a fixed rate loan below that…but you might not be able to find a bank that will write the loan. It costs them more in administrative costs to administer the loan than they’d make at a 1% interest rate, so they don’t bother.
But that also has implications in the wider economy. If banks won’t write loans, car manufacturers can’t sell their overpriced cars that people can’t buy without a 6 year term. Factories can’t buy the raw materials they need to produce products because they can’t get the loans they need to do so. Farms who take out loans for the seed they need for the planting season, can’t get seeds. Ranchers can’t buy hay for the winter. Construction projects come to a screeching halt. Etc etc etc.
It doesn’t take much to go from “Deflation” to “Disaster” in an economy such as ours that basically runs on debt. If you stay out of debt, you may personally be fine as far as your purchasing power goes, but if there’s nothing for you to buy…still not going to be a fun time.
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Yes but ,,most of the jobs went to foreigners .
“Think of the MSM as democrat operatives with bylines and it all makes sense.” Instapundit
Kieth is blowing it out his economic @ss again. IMO
Om I suppose you can’t read,, it’s very clear if you look below the headline number.
But Table A-7 continues to show the disaster for Americans. Over the last 12 months the employment:population ratio for native-born Americans has dropped like a stone, from 58.9 to 58.2%. That’s bad particularly considering that the headline (unadjusted) as month number is today 59.2% and one year ago was 59.7. In other words 0.7% decrease for Americans while the total was a 0.5% decrease.
Foreign-born workers? 63.7% -> 64.1%.
From Karl Denenger
Not only did they take Americans’ jobs they are employed at a higher rate than Americans too.
https://cis.org/Camarota/Most-Employment-Growth-Pandemic-Has-Gone-Immigrants
Om your a ( insert expletive here) moron ,, take your meds. That would be a handful of little blue pills .
Keith believes the media. Can’t cure stupid. But he can do “projection” regarding medications.
One quibble. [edit – the quibble is with Ace’s post]
Prices have gone up since the beginning of the Iraq war as a result of increased fuel prices.
That’s not inflation, that’s supply and demand.
Inflation is due to monetary policy, not scarcity of resources.
Prices that change due to low supply and high demand can be reduced to “normal” by the free market. Either supply will increase or demand will decrease…or both.
Inflation is a result of more currency being introduced than the increase in wealth it represents. Inflation is only reversible through deflation, which would be devastating to our debt-based economy.
Imagine: you take out a loan for $1,000 when that $1,000 represents, say, 10 days of labor and the interest a day of labor for a total of 11 days.
But then the government tightens the money supply and deflation occurs.
Now that $1,000 you owe represents 15 days of labor and 1.5 days in interest.
Multiply that out to a $400k mortgage or a $50k car loan and now there’s no way you’ll ever pay off your debt…so why try? Widespread bankruptcy. Massive defaults. Banks fail.
The rub is inflation discourages savings and encourages debt. Why save when the money you save will be worth less in 10 years when you need it? Why not borrow now when the money is worth more and pay it off over 10 years as the money you owe progressively decreases in value?
Incentives matter.
And then there is this
A MASSIVE India H-1B visa fraud ring has just been busted…nearly 90% PERCENT of India’s visa applications contain FRAUDULENT INFORMATION
100,000 THOUSAND counterfeit certificates have been seized ?
“Law enforcement in India claim it has uncovered a network of universities that produce fake degrees which were possibly used to obtain these high skilled H1B visas, including one school which allegedly stole over 36,000 fake degrees. It cost as little as $1,400 for one of those.”
Cont and video linked…
https://twitter.com/EricLDaugh/status/2063272469301965232
Amazingly, this good news was not even mentioned in the “business” section of the local Librag today!
@ Keith > also from that H1-B Tweet: “And while these are supposed to be high skilled employees during almost all of Biden’s time in office, 83% got junior or entry level positions.”
We have known this for years, possibly decades; it didn’t just happen under Biden Inc.
Also, we knew that the people imported to do the jobs for which “no American is available” have often been trained by US citizens already holding those jobs, who are then fired.
Like the “Learing Centers,” autism scams, and Medicare/Medicaid frauds: all of this could have been stopped a long time ago, if the government and NGO and business thieves in charge had ever done their oversight and auditing jobs AT ALL (I was going to say properly), instead of joining in the embezzlement and robbery.
And I do not think any of those charges are exaggeration.
@Aesop ,,I cannot disagree with anything you posted.
Sailorcurt on June 6, 2026 at 7:47 am:
Thank you for your examples. I understand the theft of inflation as devaluing money or debt.
I am a little fuzzier on the penalties of deflation, maybe because I usually minimized my debt postures. We would pay cash even for our autos and only had to use mortgages for housing. And as I got older and could afford to pay off my mortgage, I realized my tax deduction benefit was also declining with the interest-principal sliding scale.
But I did use a HELOC with an adjustable interest rate for a rental and a second home. When the 2008 problem occurred, I was like a deer in the headlights, not knowing if my debt payment would go up or down. So I rapidly paid it off as quickly as I could.
With that in mind, how does your view of deflation work if the debt/mortgage instruments being used are based on an adjustable rather than a fixed rate. For some reason, thinking through some types of financial concepts just hurts my brain. 🙂
Am I correct in thinking that then the debt interest payment would go down so the labor time allocation would remain about the same?
“With that in mind, how does your view of deflation work if the debt/mortgage instruments being used are based on an adjustable rather than a fixed rate.”
The traditional means of combatting inflation is to increase interest rates at the Fed level, and to combat deflationary pressures is to decrease interest rates.
When the Fed reduces interest rates in the face of deflation, variable loan rates go down, but most variable rate loans have a “floor” written into the terms, below which they cannot go; so variable rate loans would decrease interest to a certain level, but generally not to zero.
The problem is that if the interest rate drops low enough, banks just stop lending money. It’s not financially feasible for them. So if you have a variable rate loan that bottoms out at, say 2%, you might want to refinance to a fixed rate loan below that…but you might not be able to find a bank that will write the loan. It costs them more in administrative costs to administer the loan than they’d make at a 1% interest rate, so they don’t bother.
But that also has implications in the wider economy. If banks won’t write loans, car manufacturers can’t sell their overpriced cars that people can’t buy without a 6 year term. Factories can’t buy the raw materials they need to produce products because they can’t get the loans they need to do so. Farms who take out loans for the seed they need for the planting season, can’t get seeds. Ranchers can’t buy hay for the winter. Construction projects come to a screeching halt. Etc etc etc.
It doesn’t take much to go from “Deflation” to “Disaster” in an economy such as ours that basically runs on debt. If you stay out of debt, you may personally be fine as far as your purchasing power goes, but if there’s nothing for you to buy…still not going to be a fun time.