[scottinoc]

Fascinating. Especially the fact that unemployment rate is the lowest since Nixon. But guess what, inflation is about half what it was under Nixon. How low can we go before we have to worry about inflation? Im not an economist so I can’t even make an educated guess. But I’m starting to believe Scott Adams when he talks about this being the Golden Age.

[edwinland]

It is amazing, but (in my humble opinion) this is what you get when you have real growth for a reason rather than Fed-stoked fake growth based on artificially low interest rates (which is what we had since 2009).

The reason in this case is the absolutely shocking reversal of American corporate tax policy from a punishment for anyone making the mistake of putting their headquarters in the US (by sticking them with a tax rate almost double the world average and applying it to all their income whether in the US or not), to a rate pretty close to the world average, so you can start your company in the best country in the world without being punished for doing so.

With a lot of new companies and old companies growing, you can pay higher wages, and also you’re making more stuff, so you get more demand and more supply and hence it doesn’t spike inflation.

[poinq]

How low can we go before we have to worry about inflation?

---

Allowing them unemployment rate to keep going down while trying to stem immigration is helping to recreate a work ethic in the very hard to employ group of people who have not had a job in a long while. It is also luring teens and older folk into the work force. This helps the economy now and in the future. It also lowers the crime rate. And helps people get health insurance. Inflation is now at 2% and will undoubtedly increase. But inflation is important every once in a while. Governments over spend, inflation allows tax revenue to increase to help pay the debt.

[FLT-bird]

The labor participation rate declined 4% right around the time Obama came into office. It was made easy to qualify for disability so many did. Or those who were out of work for a year or more were claimed to have “given up” (though nobody ever asked them if they had) and thus both sets of people were not counted as officially unemployed......even though many wanted to work and were fully capable of working. To actually count all these people would have DOUBLED the unemployment rate the government had to report. Now we all know, that can’t be permitted - not with Obama in the White House.

The reason you are not seeing inflation is the real unemployment rate is higher than what’s been reported. President Trump has done a magnificent job, but there is still further to go to repair all the damage from the Great Recession - made far worse by 8 years of Obama’s Leftist policies.

[Buffalo Head]

"Especially the fact that unemployment rate is the lowest since Nixon."

More significant is that it occurred during the height of the Vietnam War when millions of young males were out of the civilian job market.