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If Joe Biden is responsible for inflation...

Why is Europe having inflation issues, too?
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TheGreatLeveler · 31-35, M
Excessive money printing during covid-19 is the root cause of current inflation rates. Aggrevating factors are a European war and supply-end logistics disrupted by a pandemic. When it comes to energy prices, disinvestments in fossil fuels also play a role.
LordShadowfire · 100+, M
@TheGreatLeveler I always heard war was good for the economy.
ViciDraco · 36-40, M
@TheGreatLeveler professionals have actually sorted through causes of inflation and pandemic support checks are very VERY low on the list. What is high on the list is...

Supply chains devastated by covid causing bottlenecks in supply. (Supply and demand)

People who stayed at home during pandemic spent less, increasing savings that are being used now, increasing demand. (Supply and demand)

Prolonged low unemployment rates forcing employers to raise wages to compete for and retain talent. (Increasing cost of business)

The Fed took way too long to start increasing rates because neither Obama nor Trump wanted to take blame for slowing the growth the low rates were promoting even though they were no longer required to maintain economic health. (Easy credit)

Companies using existing inflation from the above to raise their own prices above whatever cost increases they are experiencing. Disguising the blame upon the other reasons in the process. (General greed and profiteering)
sunsporter1649 · 70-79, M