Semi-Weekly Discussion Thread - December 9, 2024

[u/tuesday_mod]

INTRODUCTION

/r/tuesday is a political discussion sub for the right side of the political spectrum - from the center to the traditional/standard right (but not alt-right!) However, we're going for a big tent approach and welcome anyone with nuanced and non-standard views. We encourage dissents and discourse as long as it is accompanied with facts and evidence and is done in good faith and in a polite and respectful manner.

PURPOSE OF THE DISCUSSION THREAD

Like in r/neoliberal and r/neoconnwo, you can talk about anything you want in the Discussion Thread. So, socialize with other people, talk about politics and conservatism, tell us about your day, shitpost or literally anything under the sun. In the DT, rules such as "stay on topic" and "no Shitposting/Memes/Politician-focused comments" don't apply.

It is my hope that we can foster a sense of community through the Discussion Thread.

IMAGE FLAIRS

r/Tuesday will reward image flairs to people who write an effort post or an OC text post on certain subjects. It could be about philosophy, politics, economics, etc... Available image flairs can be seen here. If you have any special requests for specific flairs, please message the mods!

The list of previous effort posts can be found here

Previous Discussion Thread

[u/cyberklown28]

Consumer prices were up 2.7% for the 12 months ended in November, moving higher from the 2.6% annual increase seen in October and marking the highest annual rate since July, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics.

[u/Mexatt → u/cyberklown28]

I'm going to be angry if the Fed keeps cutting. This last one was probably a mistake.

[u/arrowfan624 → u/Mexatt]

The fucking bank failure last year screwed me so hard out of some nice extra HYSA savings.

[u/NonComposMentisss → u/Mexatt]

Agreed, especially since Trump is promising to ramp up inflationary policies. Cutting more seems like a major mistake.

[u/Mexatt → u/NonComposMentisss]

I remember having this discussion with people in early 2020.

Supply side issues shouldn't be something the Fed reacts to. The Fed's job is, ultimately, to manage aggregate demand and drops in real production (=aggregate supply) aren't something it can effect. Tariffs (and other taxes; hence why aggressive tax cutters are 'supply siders') are a supply side intervention, so Trump's tariffs shouldn't (ideally) have any effect on Fed policy, even if they effect prices.

To the extent that the Republican Congresses continues our ongoing record of fiscal irresponsibility (which I expect), that is demand side and the Fed should engage in fiscal offset, which means keeping rates higher than they would be otherwise, but we'll see how that goes.

[u/psunavy03 → u/Mexatt]

"See, but you said 'supply side,' which are the Reagan words! Reagan words bad!!" -Reddit, probably

[u/TychoTiberius → u/Mexatt]

>Supply side issues shouldn't be something the Fed reacts to.

Blame the structure of the dual mandate. The FED is legally compelled to act when either employment or prices move too much in the wrong direction regardless of if the cause was on the demand or the supply side.

[u/Mexatt → u/TychoTiberius]

There's really no enforcement mechanism for the dual mandate (which is really kind of a triple mandate), so the Fed has a lot of wiggle room to move within.