@Thrust Good, we are making progress in establishing that increased money supply is an important inflationary pressure . .
Now having asserted that the Covid stimulus packages that Biden got approved by Congress (which extended the provisions of Trump's 2020 CARES Act and directed money towards lower paid Americans, unemployment benefits, and schools trying to adapt . . rather than Wall Street) stoked inflation, would you not agree that the $2.2 tn of stimulus funding announced by Trump in March 2020 did exactly the same thing? Or indeed similar stimulus packages passed by virtually every other rich nation in the world?
This shouldn't be a political issue - the consequences of doing nothing would have been far worse than what actually happened. High inflation is simply a fact. It affected most rich nations equally at the same time and most rich nations have used the same tactics to reduce it.
@SunshineGirl You can mark the inflationary beginnings to the ink drying on the EO to shutdown the pipeline. The inflationary pressure of the mid 70s...it started with a shock to the oil supply.
