The bipartisan Inflation Reduction Act of 2022 included a 1% excise tax on stock buybacks, making them more expensive for companies to do.

But share buybacks are also increasingly under fire. President Joe Biden, a frequent critic of share repurchases, included a 1% tax on share repurchases in the Inflation Reduction Act passed by Democrats in Congress last year.

Where these things settle will be around the levels that are most tolerable, all things considered i.e., if one thing is intolerable e.g., too high inflation, too weak economic growth, etc. it will be targeted by central bankers to be changed, policies will be changed, and other things will change to bring that about. So, the process of figuring out what will happen is an iterative process, like solving a simultaneous equation optimizing for a few things that matter most. 

Since the price of anything is equal to the amount of money and credit spent on it divided by the quantity of it sold, the change in prices i.e., inflation is equal to the change in the amount of money and credit spent on goods and services divided by the change in the quantities of goods and services sold.

What rate of inflation is undesirable? It's a rate that creates undesirable effects on productivity; most people agree and central banks agree that it's about two percent for reasons that I won't now digress into. So, most everyone and most central banks want strong growth and low unemployment on the one hand, and the desired inflation rate on the other. Since strong growth and low unemployment raise inflation, the central banks deal with the inflation-growth trade-off which leads them to pick the greater problem and change monetary policy to minimize it at the expense of the other. In other words, when inflation is high (above 2 percent), they tighten monetary policy and weaken the economy to bring it down. The higher the rate is above their target, the more they tighten.

It should be a truism that material conditions matter much less than expectations. That was true during the Great Depression and it’s true today. The rhetoric of the rant on the web feeds off extreme expectations — any imperfection in the economy will be treated as a crisis and a true crisis will be seen as the Apocalypse. Take the example of Chile. For 40 years, it had high economic growth, rising into the ranks of the wealthiest nations. During this time, Chile enjoyed a healthy democracy, in which political parties of left and right alternated in office. Everyone benefited. Yet in 2019, with many deaths and much material destruction, the Chilean public took to the streets in revolt against the established order. Its material expectations had been deeply frustrated, despite the country’s economic and political successes.

RAU MUỐNG INDEX - 🆅🆁🅼 🅸🅽🅳🅴🆇 (Rau muống Việt)Chân trắng trong hình là Huyền. Bữa cơm của 4 nữ sinh có một món "đặc sản". Không phải là cá thu một nắng hay chân giò đâu. Cái xanh xanh kia cơ. Đó là một mớ rau muống chia đôi.10 năm trước, khi “đĩa rau muống xào 200 ngàn đồng ở Thượng Hải” của ĐBQH Đỗ Văn Đương khuấy động nghị trường, giá rau muống ở ta - theo ông Đương- chỉ “5.000 đồng” ở các đô thị, mà có khi “2.000 đồng/mớ”, thậm chí “còn rẻ hơn”.Bẵng đi 10 năm, ngay lúc này, một bó rau muống đã 25k. Tức là tăng 500% so với mức giá 5k, hoặc 1.250% so với mức giá 2k.Đặt giả sử có một chỉ số “Rau Muong Index” thì 10 năm trước, lương cơ sở 𝟳𝟯𝟬.𝟬𝟬𝟬 đồng sẽ mua được 𝟭𝟰𝟲 mớ rau muống. Giờ, kể cả khi lương cơ sở tăng 104% thì với 𝟭.𝟰𝟵𝟬.𝟬𝟬𝟬 đồng chỉ còn mua được 𝟱𝟵,𝟲 mớ.Chúng mình phục chúng mình thật đấy.Cả ở việc "gánh" mớ rau ăn độn giá 5 con số. Cả ở việc chấp nhận mức lạm phát giấy chỉ 1,25%.

Trong kỳ báo cáo gần nhất về chỉ số CPI của Mỹ đã có nhiều ý kiến cho rằng đã tạo đỉnh ở mốc 8.3%. Có nhiều khả năng khi báo cáo mới sẽ ra khoảng 10 ngày nữa sẽ nhìn thấy con số giảm rõ rệt. Dù ở VN luôn có độ trễ nhất định, nhưng khả năng CPI của VN cũng vẫn trong tầm kiểm soát, khoảng 5.0%-5.5% cho năm nay. Còn về Vn-Index thì rõ ràng sự điều chỉnh mạnh về đến dưới 1200 vì nhiều lý do khác nhau, nhưng có lẽ cũng đã phản ánh đầy đủ những gì xấu nhất. Việc TT có tăng trở lại hay không là khó dự báo, nhưng có thể tự tin rằng vùng 1200 đã confirm là đáy của Vn_index trong năm 2022. Còn sẽ tăng đến bao nhiêu, khi nào tăng, tăng ở dòng nào, lại là câu chuyện cần sự tư vấn chuyên sâu hơn.62Like

110 of 00:01:28 its gdp and the inflation rate is at 15 which is the highest inflation rate since 2008. pakistan and sri lanka are both currently in similar situation

Indeed, there have been 57 hyperinflations in the world that we know about. However, they all took place amid political and social chaos;

Are banks that untrustworthy?

1 ευρώ θα παίρνετε από αμοιβή, 2 ευρώ θα σας τρώει ο πληθωρισμός. Θα γίνει της Βαϊμάρης…

«Ανακάλυψα ότι δεν φταίνε οι μισθοί για τον πληθωρισμό»

A normal household has to pay rent or make mortgage payments. To arbitrarily exclude the biggest expense to consumers from CPI is pretty misleading.When you create new money prices don't rise evenly. At the moment we have new money being created by central banks and given to privileged institutions who get access to free money. They use that to buy investments: real estate, stocks, etc. These are precisely the things getting really expensive. The last things to get more expensive during big cycles of inflation are employee wages.The world used gold/silver for its currency for most of human history until 1970 when we entered this period of worldwide fiat currencies. Our current situation is pretty remarkable.The whole argument for printing money being OK is dumb. If it's OK to print money to pay for some things why are you not doing it more? Why not make everyone a millionaire?I think that another deception is that we should ordinarily be experiencing price deflation. Every day our society is getting more efficient at making things. If prices for goods are staying the same then it may not be that their value has not changed, they may be less valuable goods, but they cost the same because you're also buying them with less valuable currency.If you have gone through years of moving everything to China to make it cheaper to manufacture, improved technology to make processes more efficient, etc. and I'm still paying the same amount for all of the stuff in my life, then again, maybe all these things are cheaper, but I'm also buying them with currency that's less valuable.Ultimately, printing money doesn't make anyone more productive or produce anything. All it does is redistribute wealth from those that were first to get the new free money away from those that were last to contact it.

Even worse, Shadow Stat's numbers show so much inflation the past 25 years that, as Jim Pethokoukis points out, it implies the economy hasn't grown at all during that time.

inf lationary economy

The Bureau of Labor CPI inflation calculator says that $5 in January 1983 was the equivalent of $12.60 in December 2017. The average wage in December was $22.30. In 1983, $5 an hour was poor pay and $11 is today.

0authors—a leading indicator of hyperauthorship?—in-creased from 1 in 1981 to 182 in 1994 (McDonald, 1995)and that the average number of authors per paper in theScience Citation Index (SCI)increased from 1.83 in 1955 to3.9 in 1999 (personal communication with Helen Atkins,Director of Database Development, Institute for ScientificInformation, Philadelphia, 2000). To use a couple of ran-dom examples: a 1997 article inNature(cited almost 600times since then) on the genome sequence of a bacteriumhas 151 coauthors, drawn from dozens of research labora-tories scattered across twelve countries (Kunst et al., 1997).A recent (Daily et al., 2000). two-page article inScienceonthe economic value of ecosystems has no fewer than 17authors and five acknowledgees. I

WhereAIsOrdinary:TheEvolutionofAmericanCollegeandUniversityGrading,1940-2009

But grade inflation, and thus grades’ diminishing importance, is real. The question is whether we can see in this trend something better.

The parallels with the 1970s are uncanny—including the immediate easy-money response of the Federal Reserve in 2007–08, which will almost certainly generate strong currents of uncontrollable inflation,