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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Jesus, stop clinging to supply chain issues.  LOOK AT THE FED BALANCE SHEET.  Here:

https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

It is truly remarkable how dumb the public and politicians are wrt basic econ.  The Fed literally has a balance sheet now that is equivalent to almost half the entire GDP of the entire country.  Stop talking about non-relevant issues like the supply chain or 'CoRpOrAtE GreEd!' as the main drivers of inflation. The govt IS the cause of the problem becsue they expanded the supply of money by a gargantuan 50% in about a year.  The evidence is all over the Fed's balance sheet.

[/quote]

Yes, but didn’t the Fed take on a huge balance sheet so that America wouldn’t enter a Great Depression scenario after the financial crisis in 2008? You know, 2008 when Wall Street was creatively bundling bad house loans and selling them then tanked the economy. What is also known as corporate greed.  But perhaps we don’t think about it because nobody did time.[/quote]

No. Go look at the link, lol.  The balance sheet was about 4x smaller after 2008 than it is now. People don't get just HOW massively bloated the Fed is right now.. It is gargantuan and completely unprecedented.   That's why there is so much inflation.[/quote]

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