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][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.

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Totally agree. Inflations is 100% a monetary issue. If you print money like crazy you are creating inflation. Now politicians and particularly DEMs want you to believe that is because the price of the meat :)
Don't believe it ? just check the inflation in the las 4000 year and you'll find clear examples of this. Look at Salamanca university inflation studies in the 16th century, the roman etc etc.[/quote]

This bout of inflation is a supply/demand issue. Have you tried to buy a car lately? If it were “100% monetary” then demand would be lackluster and supply would be plentiful. Increased prices lead to decreased demand. This is not happening because there is still a ton of demand with not enough supply.

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I don't think you understand how the economy and expansions of money supply work. [/quote]

Wow, you really added to the discussion with that statement![/quote]

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