Reply to Inflation: explain it to me like I'm 5

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes, it’s because the government gave people too much money. They didn’t need money, they just needed the government to allow businesses to open so that people could work again and earn money.

No, it will never go back to how it was before. That’s why it’s so bad and why so many people were warning about it.[/quote]

Can you explain why our inflation is on par with Japan and SK and lower than almost all of Western Europe and Canada? [/quote]

What are you trying to allege? We had, for a long time, rapid and escalating inflation. This lasted a solid two years. The rate of inflation has slowed but there is still inflation. Prices are much higher now compared to three years ago and salaries have not kept up so the real wages of most people have declined.

Or are you of the Paul Krugman school of "transitionary" inflation while ignoring that according to his definition, all inflation is transitionary.

Western Europe and Canada also engaged in large scale stimulus spending during the COVID years.

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