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CaptainChrisPBacon 2 points ago +2 / -0

Here is the one rule so you do not have to watch a video about it. The "cruel choice" doctrine refers to the traditional Phillips Curve principle that policymakers face an inescapable trade-off between inflation and unemployment. It dictates that a government cannot simultaneously achieve price stability and full employment. The Mechanics of the DilemmaLower Unemployment: To decrease unemployment, the government must boost the economy (e.g., through increased spending or lower interest rates). This drives up demand, which subsequently increases inflation.Lower Inflation: To control inflation, the government must cool the economy (e.g., raising interest rates). This restricts demand, which pushes unemployment up.The Policy MenuUsing this doctrine, governments historically treated the curve as a literal "menu" of options from which to choose. They would use discretionary fiscal and monetary policy to "slide" along the curveโ€”picking the exact balance of inflation and unemployment that aligned with their current political or economic goals.The Modern Critique (The Death of the Doctrine)This concept began to fail in the 1970s with the rise of "stagflation" (simultaneous high inflation and high unemployment). Economists like Milton Friedman argued that this trade-off is only a short-term phenomenon.In the long run, the Phillips Curve is essentially vertical. Attempts to artificially lower unemployment by tolerating higher inflation eventually just cause workers and businesses to expect higher inflation, nullifying any employment gains while locking in a vicious wage-price spiral.

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CaptainChrisPBacon 1 point ago +1 / -0

This is why, when everyone was hyping buying silver, I suggested caution on what price to buy. Jan 2026 silver was at an all-time high of $101 per oz. Today it is trading at $58 oz. BUT if you bought a ton of it in 202 at $14.90 an oz you have made a lot of money at the current price. Silver has had a troubled history with volatility of prices.

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CaptainChrisPBacon 1 point ago +1 / -0

No thank you, Democrats. You made this bed, now you have to sleep in it. We do not need Democrats coming into the Republican party trying to muddy it up like they have done to the Democratic party. We will welcome you with open arms to Making America Even Greater.

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CaptainChrisPBacon 2 points ago +2 / -0

Well we know they do not have a Navy, when Russia was in the English Channel, they could not stop their warship. They have all kinds of excuses, but they are at war with Russia and have seized many Russian yachts and cargo ships.

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CaptainChrisPBacon 1 point ago +1 / -0

He was part of the crowd that was going to come to America and arrest American citizens for shit posting and memes.

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CaptainChrisPBacon 2 points ago +2 / -0

From the Office of the Director of National Intelligence, not some conspiracy theory, this really happened. Leftists will still Hurr Durr something.

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CaptainChrisPBacon 9 points ago +9 / -0

These Communists/Marxists do not understand that this does not endear them to the United States Taxpayer who foots all the bills. They are not oppressed people; they are just lazy and want our taxpayer dollars for their pockets.

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CaptainChrisPBacon 2 points ago +2 / -0

Our gas prices have dropped all the way down to $3.17 for regular and 3.67 for diesel. A week ago it was over $4 a gallon.

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CaptainChrisPBacon 3 points ago +3 / -0

It is unclear if Kyle took the Covid shot. I am going to assume he did as NASCAR endorsed vaccinations and encouraged participants to get the shot. Kyle Busch, two-time NASCAR Cup Series champion and NASCAR record holder for most wins across all of NASCAR, dies suddenly at age 4. He had a sinus infection. You generally do not die from a sinus infection. The Busch family shared that a medical evaluation concluded that severe pneumonia progressed into sepsis, which resulted in rapid and overwhelming associated complications.

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CaptainChrisPBacon 3 points ago +3 / -0

Nah, it is way too fuzzy or unclear for it to be Ai. This mees looks like it has been around longer than the constant use of Ai today. But I could be wrong.

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CaptainChrisPBacon 2 points ago +2 / -0

If the economy were to get the biggest and best it has ever been, these skills would be lost even faster.A poor economy makes people find ways to survive.

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CaptainChrisPBacon 42 points ago +42 / -0

I wish I could live long enough to see what happens. I have a few years left, maybe, it would be fun to come back in 25 or 50 years to see how it all played out. I think that is how long it will take to complete the task.๐Ÿ™๐Ÿผ

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CaptainChrisPBacon 11 points ago +11 / -0

I knew someone would maybe be able to translate this.

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CaptainChrisPBacon 8 points ago +8 / -0

Chester A. Arthur and Donald Trump both unexpectedly ascended to the presidency as wealthy New Yorkers with little prior political experience. Both men faced deep initial skepticism and criticism from political elites, operated lucrative business operations prior to the White House, and fundamentally surprised the establishment by breaking from the political alliances that had helped them gain power. Both men were prominent, wealthy New Yorkers who enjoyed a luxurious lifestyle and made parts of their fortunes in real estate and business ventures prior to entering politics. Neither had held an elected office before ascending to the presidency. Arthur was a political operative and customs collector, and Trump was a billionaire real estate mogul and media figure. Both were immensely wealthy, luxury-loving New Yorkers who initially made their fortunes or built their careers in the city's complex and controversial business and political arenas. Both men faced severe scrutiny and widespread doubts about their qualifications upon entering the White House, viewed with horror by the political establishment.Despite riding into power as representatives of their respective political machines (Arthur as a "Stalwart" machine Republican, and Trump as a populist Republican), both acted highly independently in office, often defying or alienating the very party elites who supported them.

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CaptainChrisPBacon 1 point ago +1 / -0

On the Iran issue, when Trump 45~47 or his people say a deal is in place, I give it the "72 Hour" rule.

72 hours rule usually will not fail. I do not think much will happen until the midterms. Gas prices could be Trump's Achilles heel. People are struggling to pay $4.00 or more for gas. Thankfully, where I live, it is only $3.45 a gallon. People vote for their pocketbook and safety. Trump is working hard to keep America safe, which is a major win in my book!

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