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]Come on, people, this is Econ 101. [b]We are coming out of an economic shutdown.[/b] Prices are higher than a year ago because a year ago everything was terrible. Suppliers, shippers, producers, employers, and employees are all going through transitions and replacement cycles that would have happened gradually but were stopped for a year and are now accelerated by the rapid recovery. Give them a few months to figure things out. Demand exceeding the supply capability is a great problem to have. The first reaction is higher prices, but the long-term response is increased production and improvements in supply chain productivity and efficiency. [/quote]

Inflation wasn't even approaching Biden's high during the official Great Recession.

Are we declaring a Depression now? Because if we are I haven't heard anything from Biden's team and where's the 4th stimulus to the [u]entire[/u] country?

[img]https://pbs.twimg.com/media/FGQIe89XsAYq9sO?format=jpg&name=medium[/img][/quote]

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