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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][b]Inflation is the mark of a strong rebound[/b] from the disaster left by the Trump administration. It is a global issue that our Fed, led by Trump Appointed Chairman Powell, will try to address. The BEST way to deal with it is to pass the BBB act that has specific measures in it to deal with inflation. The GOP voted unanimously against it, despite knowing the economic benefits. Now...who wants to keep inflation up? Biden? Nope. the GOP.[/quote] No, inflation at our current levels is not the mark of a strong rebound - a strong rebound would produce a balance of supply and demand, which keeps inflation at moderate levels. The current inflation is caused by an imbalance of supply and demand - namely significantly higher demand than supply due to government transfer payments. Making even more transfer payments as proposed by the BBB would make things even worse. [/quote]
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