I think that I agree with you on the most part about the stimulus and easy fed money. I didnt agree with how Trump or Biden handled the shutdowns or free $$$ that they sent out. However, I disagree with the idea that all this inflation came from the stimulus checks. Its hard to see $5K checks to people causing this type of inflation. It didnt help, but certainly not the major cause. I think this has been building for many years of bad fed policy and wreckless govt spending. I also think that they are having a hard time getting it under control because our enemies are starting to move away from the dollar as a reserve currency. My understanding is that we have gone from the dollar making up 80% of reserve currency to like 40%. We are watching the end of the petro-dollar, and its a lot deeper than the COVID Stimulus money
It wasn’t just the stimulus checks, but also other policies like PPP loans, unemployment supplements, , rent deferrals, etc. Then, wChina and other suppliers completely shut down. OPEC cut supply and US drilling hit record low levels. When the country opened back up, there was this huge pent up demand surge without the ability to meet the demand. When that happens, along with cheap money, prices rise.
I dont disagree with any of this. I think we are missing the boat on the reserve currency / petro-dollar situation. I think its a big problem for us. ALL of us. Not Rs or just Ds...ALL OF US.
It came from the nearly 45% increase in the money supply in 2020-2021. That’s from the fiscal largess. The fed monetized the spending via quantitative easing the purchasing of treasuries and mortgage backed securities without regard to price. Inflation comes when money grows faster than production….
Yes to a smaller degree and without the fiscal madness that we saw unleashed in 2020. The printing is the fiscal spend the monetization is qe.
Also, these so called BRIC nations moving away from the petro-dollar...doesnt this increase the $$ supply. These countries are dumping their vaults of dollars into the global economy
Very very marginally it’s a drop in the bucket the mighty greenback has a very very large footprint.
Dude. I threw you some attention. Nobody likes a dog that sits at the edge of the table to beg.
Here I am, Lord. Because of your idiotic political propaganda, I have a hard time giving any credibility to anything else you pose.
Your fiscal monetary policy sounds conservative to me, yet you have nothing but contempt and disdain for conservatives. Seems like a paradox to me, Explain?
Well done sir.Liberal democrat sheep ….. or CNN/PMSNBC viewers …..
Pelosi and Schumer own 100% of the current fiasco. Civics 101, the President doesn't hold the purse strings. What a marooooon.
To prove this point, it's why the Pant's Shitter in Chief can't get student loan forgiveness done.
@BamaFan1137 can you explain your comment on this very very simple illustration? You think Biden was president in jan 2020?? Really??? You think m2 surged more under Obama??? Seriously? Do I need to get some crayons?? Coloring book? What would help you interpret this simple chart? I am here to help.
What’s my political agenda? I have never even voted you clown. I deal in facts and reality, you clearly have nothing to say
So we increase money supply by almost 50% in two years all the whole paying people to stay home and somehow you don’t think that caused prices to spike? I know you’re dumb but good lord man, this isn’t political it’s factual. Did Joe pour more gas on the fire that trump lit? He did, but the horse was let out of the barn by trump. Just the effing tip you monkeys.
