Reply to U.S. Annual Inflation rose to 6.8% in November

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Reply to "U.S. Annual Inflation rose to 6.8% in November - the highest in 40 years"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have inflation because our economy is growing so quickly - in a pandemic no less.  Americans are buying like crazy.  Unemployment is low.  Housing prices high.  People lifted out of poverty.  What do you want?[/quote]

We have inflation because the supply of money has been expanded by almost 50% in only about 2 years.  People are buying because of lax fiscal and monetary policy.  It's a cheap sugar rush, not the sign of a strong economy.  The diabetic crash is inevitable.  See how well the employment and poverty numbers look when there's severe economic contraction when the central bank has to raise interest rates to control the problem of inflation. Look at what happened to Japan when they created a gigantic asset bubble the same way we have done, and the bank of japan raised interest rates to deflate the bubble.  Everything imploded. [/quote]

2/3 of that 50% in 2 years was during the Trump administration. But of course the answer to inflation is to elect Republicans, right?[/quote]

The USG doesn't directly control the supply of money doofus.

Biden should have never handed out the $1T stimulus to buy the GA elections.  And the Democrats want to keep the foot on the gas of inflation with their stupid multi-trillion dollar spending plans.  Back when stimulus and money was being injected into the economy COVID was ravaging the economy was completely shut down. It is open now. That's the big difference.  [/quote]

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