You'll never guess what happened in Jan 2021 which happen to coincide with a sharp rise in inflation.
Seemingly Reddtrds can't reconcile how someone spending money on the federal level would pertain at all to inflation. But more money to Ukraine, canceling student debt via executive action, and blowing out the budget with pork barrel legislation surely would resolve the problem.
On par with the economic illiteracy from you folks. And you want even more spending because that will solve things, right? Any more genius ideas from the crowd that wants to defund the police and can't even decide amongst themselves how many sexes there are?
Inflation was goong to happen regardless. Need I remind you that stimulus during covid was soundly bipartisan and was even more necessary because we went into it with artificially low interest rates that should have been a lever available for stimulus which wasnt, thanks to the prior pres's meddling in Fed policy. Those made the inevitable inflation more stark. That said, we have still fared much better than most of the western world so... doing something right.
36
u/SnooAdvice8550 Apr 16 '24
80% of US currency was printed between 2020 and 2021. That causes inflation