I certainly don't hate Nintendo, but I think their pricing system is a little off...

Again, what have you offered above? Zero. You can't even accept the basic laws of supply and demand? The most basic of economics.

Tell me, all that money with limited supply, what happens to the price?

Do you go through life like this? Ignoring facts, logic, and reason?

@HoolaHoopMan: You’ve proved my point precisely. You only disagree but never offer anything.

So tell me, why is the Federal Reserve raising interest rates?

Why is the Bank of England raising interest rates?

What is the purpose?

Also here is the IMF's explanation of inflation and interest rates:

https://www.imf.org/external/pubs/ft/fandd/basics/30-inflation.htm

I guess from your perspective, they're wrong!

@HoolaHoopMan: Read your own post above. Have you noticed you almost never contribute, but only disagree.

- You didn’t know Biden cannot control interest rates

- You thought stimulus is just replacing wages.

- You though GDP in the US is growing but it’s shrinking.

- You can’t accept increasing money supply causes inflation.

- You are unaware that in the previous financial crisis money flowed back into the vaults of the Fed that negated much of the desired effects of the policy.

- You can’t accept employment levels are lower now compared to pre-pandemic.

Clever guy! You must get the Nobel prize for Economics!

Start by learning a little basic economics, very clear you’ve never studied a day of economics!

Read and learn!

https://www.economicshelp.org/blog/111/inflation/money-supply-inflation/#:~:text=%20Summary%20of%20Link%20Between%20Money%20Supply%20and,velocity%20of%20circulation%20rises%2C%20increased%20money...%20More%20

I doubt MS is making a handheld…. It would be great if they were but I doubt it.

@HoolaHoopMan: Ah back to the financial crisis again. In short the money went back to the Fed last time. Hence when the ECB eased they made sure the rates were negative.

It’s well documented, you can check this on the Fed’s website.

Moreover, the Fed eased far more since the pandemic than the Obama era.

You keep going on about US GDP projected larger than China. Are you talking nominal, PPP, per capita or annual growth. And you’re talking about a projection, I am talking about facts that have happened.

This post is about Biden and his failures. If you want to talk about the economic prospects of China and the U.S., please start a thread and I’ll be more than happy to indulge you.

@tjandmia: Just look at the money supply growth in the US! Look at the Federal Reserve balance sheet, $4.15t Jan 2020 to $9t Apr 2022.

It’s very basic economics increasing the money supply leads to inflation.

You are also confusing stimulus and wages. Wages are money circulating, stimulus is money creation out of thin air. They’re not the same thing!!

It’s obvious you’ve never studied any economics i your lifetime!

By the way, I’m more of a socialist than a right winged Republican.

If you still think Biden is doing a good job, please explain how negative 1.40% GDP growth is good?

??? Nobody said, companies should not try to recoup the lost business? What are you talking about?

But by the time Biden was in office, he would have known several things:

- Money supply had already increased substantially and it would be inflationary.

- Adding further stimulus cheques would exacerbate the money supply and fuel inflation.

- He would have known that supply chain bottlenecks would cause price hikes. Hence adding stimulus cheques would be inflationary.

- He knew, despite criticizing Trump's tariffs on Chinese imports, "only hurt Americans," he has decided to keep them. He also lied that he is doing EVERYTHING he can to help reduce the cost of living. But he could easily drop the tariffs, which average at 25%. Trump also raised tariffs on Japanese and South Korean imports and these are also maintained.

Therefore, Biden's policy is part of the inflationary problem.

So can you honestly say Biden is doing a good job? He added to inflation, GDP growth was negative at -1.40% in Q1. Economic activity would have fallen in April and May and will fall in June as well due to rising interest rates that will curb spending and investment; employment levels will also fall as a result.

Additionally, the cost of his infrastructure plans will surge amid inflation. Plus he's mandating that the projects use American-made steel and iron (unless imports are 25% more expensive than the American equivalent) that's also inflationary and likely to crowd out the private sector.

Then there's the Consumer Fuel Price Gouging Prevention Act. This isn't going to hurt the massive oil companies, since over 60% of the gas/petrol stations are owned by individuals and family businesses. Price fixing rarely has a positive outcome, it distorts market dynamics and sends wrong pricing signals. The last time the US attempted this was in 1971, Nixon's 90 freeze on prices and wages, which didn't help.

I think game innovation is dead.

Great. I’m going to fly right into the Scientology headquarters!