美国中央银行美联储真的能阻止通货膨胀吗?还是它更致力于为富人制造资产价格泡沫?政治经济学家拉迪卡-德赛(Radhika Desai)和迈克尔-哈德森(Michael Hudson)讨论了美联储的货币政策及其对普通劳动者的影响｡
美国联邦储备局真的能控制通货膨胀吗?
Ourhistory
2天前
In a world of madness and lies, I found refuge in Geopolitical Economy Report.
在这个充满疯狂和谎言的世界里,我在《地缘政治经济报告》中找到了避难所｡
Yellowsheeps
2天前
Words matter.....it's not "a world" of madness and lies, it's a "Western world" of madness and lies.
话说事……这不是一个充满疯狂和谎言的“世界”,而是一个充满疯狂和谎言的“西方世界”｡
Stephana
1天前
It's gonna be recession, unemployment is going to keep going up. 2y bond yeilds is falling, unemployment is up, credit card use is plateauing. Recession inbound
经济会衰退,失业率会持续上升｡2年期债券收益率下降,失业率上升,信用卡使用率趋于平稳｡衰退即将来临
Horridohob
2天前
Basically, what Michael is saying is that the United States is not a democracy but a plutocracy, oligarchy, corporatocracy, whatever you want to call it. Capital rules the country.Americans should wake up to this fact.
基本上,迈克尔想说的是,美国不是一个民主国家,而是一个财阀国家､寡头政治国家､企业民主国家,随便你怎么称呼它｡资本统治着这个国家｡美国人应该清醒地认识到这一事实｡
Kylezo
2天前(修改过)
The word you're looking for is just "capitalist". and they know, they just don't want to think too hard about who has to pay for capitalism to function and successfully enrich the upper classes.
你要找的词是“资本主义”｡他们知道,他们只是不想过多地思考谁必须为资本主义的运作买单,并成功地使上层阶级富裕起来｡
AtlantaBill
2天前(修改过)
Some years ago I'd have agreed that the term 'capitalist' is sufficient. I'd have insisted that a capitalist sector and an open market aren't compatible with proletarian rule. Now, after watching China, I think we have to qualify it by specifying that it's capitalist dictatorship that holds society down. A society can have only one dictator, and that has to be the proletarian party.
几年前,我会同意 “资本家”这个词已经足够了｡我会坚持认为,资本主义部门和开放市场与无产阶级统治是不相容的｡现在,在观察了中国之后,我认为我们必须对其加以限定,明确指出是资本主义专政压制了社会｡一个社会只能有一个独裁者,那必须是无产阶级政党｡
Patlaura
2天前
Inflation, bank collapses, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, and automobile shortages and prices—all these issues are converging and could lead to a real disaster by the end of this year (or sooner).
通货膨胀､银行倒闭､农业带严重干旱､经济衰退､食品短缺､柴油和取暖油短缺､婴儿配方奶粉短缺､汽车短缺和价格上涨--所有这些问题都汇聚在一起,可能会在今年年底(或更早)导致一场真正的灾难｡
Brianadlich
2天前
the rentier class is destroying the production economy
地主阶级正在摧毁生产经济!
Pauldeman
2天前
The Fed doesn't care of inflation. The inflation is a consequence of their attitude (helicopter printing). It is transitory like the dollar no more based on the gold in 1971 . In fact inflation is present since a long time it is just going up faster the last years like the debt. Just fed up of those lies.
美联储不在乎通货膨胀｡通货膨胀是他们的态度(直升机印钞)造成的后果｡它是暂时的,就像 1971 年美元不再以黄金为基础一样｡事实上,通货膨胀由来已久,只是最近几年上升得更快,就像债务一样｡我受够了这些谎言｡
Owesteen
1天前
Not correct. Fed care very much of inflation as Hudson tell us. The inflation in housing, stock markets, bonds, crypto has been very high since 1980 to the advantage of the one percent, who live of capital income. Thet are also rewarded with low taxes and also can move their fortunes to safe havens.
不对｡正如哈德逊告诉我们的那样,美联储非常关心通货膨胀｡自 1980 年以来,房地产､股市､债券和加密货币的通胀率一直居高不下,这对以资本收入为生的那百分之一的人有利｡他们还能获得低税收,还能将财富转移到避风港｡
Theo-eqei
2天前
Federal and local governments need to get into the home building business.Construction should stop not when profits are low, but when housing is sufficient and affordable for all Americans and not just the average American.
联邦政府和地方政府需要进入住房建设领域｡不应该在利润低的时候停止建设,而应该在所有美国人,而不仅仅是普通美国人,都有足够的､负担得起的住房时停止建设｡
Owesteen
1天前
But when maximazing profit is the purpose of economic activity, that is difficult. It's better to have affordable housing for everybody as purpose, as it mostly was before capitalism.
但是,当经济活动以追求利润最大化为目的时,就很难做到这一点｡最好还是像资本主义之前那样,以人人都能买得起住房为目的｡
Tarmotyyri
2天前(修改过)
As I see it, inflation is a monetary phenomenon caused by the Fed (and other central banks in other countries) increasing the money supply more than the real economy producing goods & services can deal with. So the Fed shgould be able to control inflation provided it actually wants to. But unfortunately the Fed's primary tasks is to support the stock market.
在我看来,通货膨胀是一种货币现象,是由于美联储(以及其他国家的中央银行)增加的货币供应量超过了生产商品和服务的实体经济所能承受的水平｡因此,只要美联储真的想控制通货膨胀,它就应该能够做到｡但不幸的是,美联储的主要任务是支持股市｡
Owesteen
1天前
The support of the stock market here in Norway has had the effect that Oslo Stock Exchange (OB) has risen 70 times since 1981 and wages seven. Housing 20. I believe is must be even worse in USA.
在挪威股市的支持下,奥斯陆证券交易所(OB)自 1981 年以来上涨了 70 倍,工资上涨了 7 倍｡住房涨了 20 倍｡我相信美国的情况一定更糟｡
Drexelmildr
2天前
I have written extensively on this topic. At one time, the FED could control inflation and Paul Volcker proved this in 1980. That day is over, however. We have entered a self-feeding inflation doom loop thanks to the astronomical (and rapidly rising) National Debt.
关于这个话题,我已经写了很多文章｡美联储曾一度能够控制通胀,保罗•沃尔克(Paul Volcker)在1980年证明了这一点｡然而,那一天已经过去了｡由于天文数字般的(并且迅速上升的)国债,我们已经进入了一个自我膨胀的厄运循环｡
Debt service will now be so high, that it requires an ever-increasing amount of tax receipts to pay it. Lowering rates will just increase inflation under this circumstance and makes things ever worse after a short period of making things temporarily better.
现在,债务利息现在将如此之高,以至于它需要不断增加的税收收入来支付｡在这种情况下,降低利率只会增加通货膨胀,并在短暂的好转之后使情况变得更糟｡
LemyAng
2天前
The answer is definitely no. Fed doesn't even know how many USD they have printed so far and where they all went. Just ask Ben Bernanke, the former head of FED.
答案肯定是否定的｡美联储甚至不知道他们迄今为止印了多少美元,也不知道它们都去了哪里｡问问美联储前主席本-伯南克(Ben Bernanke)就知道了｡
Cobalt
2天前
I would love an explanation for why the fed has lost (or never really had) control of inflation. Maybe Michael can give a historical/industrial perspective, and Radhika can give a transistionary/current perspective of it. Both you have had a very positive impact on my life and how I handle my money. Mostly my perspective on debt and modern financial policy, both private and public.
我很想知道为什么美联储失去了(或从未真正控制过)对通货膨胀的控制｡也许迈克尔可以从历史/工业角度来解释,而拉迪卡可以从过渡/当前角度来解释｡你们两位都对我的生活和我处理金钱的方式产生了非常积极的影响｡主要是我对债务和现代金融政策(包括私人和公共政策)的看法｡
Merfymac
1天前(修改过)
One important point is US leaving the gold standard, which meant that the quantity of money the central banks could issue, was limited by the quantity of gold the central banks had stored. USA had the obligation to swap 35 USD for one Troy ounce of gold. USA paid for the troops in Germany with USD and Germany went to USA and paid 35 USD and got one ounce gold.
重要的一点是美国退出了金本位制,这意味着中央银行可以发行的货币数量受到中央银行储存的黄金数量的限制｡美国有义务用 35 美元换取 1 金衡制盎司黄金｡美国用美元支付驻德军队的费用,德国则向美国支付 35 美元并获得一盎司黄金｡
They had a surplus in its foreign trade and much with USA. The same with France, because of the Vietnam war. The French banks in Indo-China as the region then was called, sent the dollar surplus back to France and de Gaulle bought gold. That explains why, relative to population, German and France have more gold stored than other countries.
他们的对外贸易有盈余,与美国的贸易也有很多盈余｡法国也一样,因为越南战争｡法国在印度支那(当时称印度支那)的银行将美元盈余汇回法国,戴高乐购买了黄金｡这就解释了为什么相对于人口,德国和法国储存的黄金比其他国家多｡
In 1947 USA had 75% of the central bank gold in the world, and because of the above story the quantity decreased and in 1971 Nixon was forced to free USA from the above mentioned obligation. The world got floating currencies and more and more speculations in the movement of currencies. Now only three percent of currency transactions are linked to the trade between countries. The rest is currency speculations performed mostly by robots.
1947 年,美国拥有世界上 75% 的中央银行黄金,由于上述原因,黄金数量减少,1971 年尼克松被迫解除了美国的上述义务｡世界上出现了浮动货币和越来越多的货币投机活动｡现在,只有 3% 的货币交易与国家间贸易有关｡其余的都是货币投机,大部分由机器人完成｡
Johnlay
2天前
It's hard to control fiat currency inflation if you have to keep printing money to cover the government debts and the market demands for the USD and Treasury Bonds are diminishing. One drastic measure is imposing austerity measures, such as defense spending and social security, and increasing taxes. However, cutting the defense spending will create unemployment for returning soldiers, which increases the social security burden.
如果必须不断印钞来偿还政府债务,而市场对美元和国债的需求又在减少,那么就很难控制法定货币的通货膨胀｡一项严厉的措施是采取紧缩措施,如削减国防开支和社会保障,并增加税收｡然而,削减国防开支会造成归国士兵失业,从而增加社会保障负担｡
Kaijessen
2天前
There is plenty of work that can and should be done. Productive work. As long as money is created for productive purposes there will not be inflation. Another fix would be to lend money for housing only from money that has already been created.
有很多工作可以做,也应该做｡生产性工作｡只要为生产目的创造货币,就不会出现通货膨胀｡另一个解决方法是,只用已经创造出来的货币来贷款买房｡
That’s how most people think money is lent from the bank because they don’t understand that new money is created each time you “loan” money from a bank. The truth is that new money is being credited to your account when you purchase assets. That is the driver of inflation of asset prices.
这就是大多数人认为从银行借钱的方式,因为他们不明白每次从银行 “借钱”时都会产生新的货币｡事实上,当你购买资产时,新钱就会存入你的账户｡这就是资产价格膨胀的驱动力｡
Allnitemusic
1天前
The best shape of an Empire is in ruins.
帝国最好的形态就是废墟｡
Koltoncrane
2天前
I work with my dad running a small company and I can tell you metal costs have tripled for hard surfacing rod since the last time I had to buy years ago before the Rona. If costs have tripled and quadrupled for me is it profit seeking solely for me to raise my prices? If I don’t charge the cost of my inputs I’m going to have to go bankrupt. It’s as simple as that.
和我父亲一起经营一家小公司,我可以告诉你,自从上次我不得不在罗纳之前购买硬质铺面杆以来,金属成本已经增加了两倍｡如果我的成本增加了三倍或四倍,我提高价格难道只是为了追求利润吗?如果我不按投入成本收费,我就得破产｡就是这么简单｡
Guitarpima
2天前
what we need is someone to go “all Hammurabi“ on the economy. It is time to start over. Fortunately, we have computers. We have Blockchain technology. It is extraordinarily easy for all receipts to be counted.
我们需要有人对经济 “大刀阔斧”｡是时候重新开始了｡幸运的是,我们有计算机｡我们有区块链技术｡对所有收据进行清点异常容易｡
Wynetsang
2天前
why do we have a federal reserve? Because, the US treasury must show all receipts.
为什么我们有联邦储备局?因为美国国库必须出示所有收据｡
YoiHitotachi
2天前
Employment generally not created via high interest rates alone. In the 70s public debt was low so it may have worked as described. Now public debt is high so increased interest income from the treasury acts as a regressive stimulus.
一般来说,仅靠高利率并不能创造就业｡在上世纪 70 年代,公共债务较低,因此可能会起到上述作用｡现在公共债务很高,因此国库利息收入的增加起到了递减刺激作用｡
Bobiel
12小时前
Inflation is the price Americans pay for their leader-sheep attitude.
通货膨胀是美国人为他们的领导羊群态度所付出的代价｡
WilhelmDrake
1天前
People seem to take it on face value that inflation is, by definition, a bad thing.I don't think that is the case.I would go as far as to say that a reasonable amount of inflation (5-10%) is, generally, a good thing.
人们似乎从表面上认为,通货膨胀顾名思义就是坏事｡我认为事实并非如此｡我甚至可以说,一般来说,合理的通货膨胀率(5%-10%)是件好事｡
Delonthomas
2天前(修改过)
Print money and give the lesser class people with low wages because is the poor and vunarable who keeps the world going but when it all boils down the rulers don't care about us
印钞票,给工资低的下层人民,因为是穷人和弱势群体维持着世界的运转,但归根结底,统治者并不关心我们｡
GeorgeSchneider
2天前
The fed needs to get rid of their balance sheet.
美联储需要摆脱其资产负债表!
Ravenouself
2天前
Why would they fix something they profit from? And this isn't just the US Federal Reserve, but the USA itself.
他们为什么要修复他们从中获利的东西?这不仅仅是美国联邦储备局的问题,而是美国本身的问题｡
KikoRex
2天前
The only out of this hell caused by capitalism is joining an anti-imperialist, socialist organization and fight for socialism. There is simply no way to reform capitalism to "make it better" for the working and oppressed masses.
要摆脱资本主义造成的地狱般的生活,唯一的办法就是加入反帝的社会主义组织,为社会主义而奋斗｡根本不可能通过改革资本主义来 “改善”劳动人民和被压迫人民的生活｡ |
