Now, your original claim was that rest of the world had same inflation, which I disproved, and then you said its wrong to compare USA to rest of the world.
OMG. No. No. No.
My original claim is that your claim - that the economy now is better than it would have been under Kamala - flies in the face of all available facts and reason.
It is your logical support for that claim that I am arguing against, which can be summarized as follows:
P1: Kamala would have been the same as Biden
P2: Biden had high inflation
C: Kamala would have had high inflation
This argument is total nonsense for all the reasons I explained, which I’ll explain again.
Inflation was not ***primarily*** caused by Joe Biden. Inflation was a global phenomenon that resulted from global circumstances that Joe Biden did not create. Therefore there is no reason whatsoever to believe that what you are characterizing as a second Biden term, would have had the same result.
You tried to refute my assertion that inflation was global by showing world averages or examples of nations that didn’t experience inflation.Global doesn’t mean every nation on earth experienced the same thing. It means the circumstances were not isolated to a single country or single cluster of countries that are tied together (Google the prefix “pan”). The root cause of inflation was covid, which was experienced everywhere on earth, but different countries experienced different results because they have different economies. So you can’t compare them all to each other. That’s economics 101.
You say that I’m arguing Biden did a great job on inflation. No, I never did that. Pay attention. What I argued explicitly is that the US under Biden during this period of global instability was not uniquely bad. Your own AI generated statistics, problematic as they are, said the exact same thing. You’re trying to turn this into a contest of who came out on top vs the bottom while no serious economist would look at it that way. What matters is not ranking, it’s comparability. It doesn’t matter if the US was at 22.0 while the EU was 21.1. Both numbers are extremely and uniquely bad to which there is no meaningful difference between them. That’s what matters, especially within the context of this conversation.
Moreover, while you cherry pick every reason you can find to claim the US was worse on inflation than everyone else, like fixating on 2021, you are totally ignoring the factors at play which could explain it. The US under Biden (with thanks to Trump’s operation warp speed) was ahead of the world when it came to getting its population vaccinated, which resulted in a faster recovery in getting back to business. It is that shift which triggered the start of inflation because that is where the supply chains disruptions came into play. So when you look at the totality of the situation we were facing, high inflation early on wasn’t necessarily a bad thing because it signaled that we were handling the immediate recovery better than mostly everyone else. You seem to not realize this, but inflation is not the only thing that matters in grading economies. I would argue that getting Americans off their couches and back into the workforce was a higher priority.
So, pop quiz:
Was high inflation a problem unique to the US that could be explained mostly or entirely by Joe Biden’s policies?
Did I ever argue that Joe Biden did a great job on inflation?
Did I ever argue that high inflation occurred everywhere on earth?
If you answered yes to any of those, start back and the top and read again as many times as you need to.