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If Joe Biden is responsible for inflation...

Why is Europe having inflation issues, too?
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Reason10 · 61-69, M
I'm not totally going to blame you for not knowing the answer to this. You're a liberal, and you don't know anything anyway. Nixon originally gave runaway inflation a big boost when he took the world off the Bretton Woods gold standard. Right up through the Jimmy Carter disaster, people from both sides of the aisle were opining about the causes and treatment of inflation. I remember the Gerald Ford campaign, called WIN (Whip Inflation Now). I saw the commercials in the mid Seventies, where they blamed consumers for inflation, calling us "piggy." It took Reagan's brilliant tax cuts and business deregulation, (as well as retaining the Fed Chairman) to wring the inflation out of our economy.

Okay Class. Here are the facts:

Inflation is not a price problem. (Price is a symptom.) Inflation is a MONETARY problem. It is defined in all the economics textbooks as "too many dollars chasing too few goods."

The American dollar accounts for any American inflation. The Euro accounts for its own version, if there is such a thing.

Two things happened: A. The Supply Chain crisis occurred because Biden was incompetent and was too busy looking up little girls' skirts and eating ice cream to noticed there were TOO FEW GOODS.

To buy some popularity from welfare state folks, he sent out TRILLIONS in stimulus checks, FLOODING the money supply with TOO MANY DOLLARS.

TOO MANY DOLLARS CHASING TOO FEW GOODS. And the Fed is going to take some VERY painful action to rein in this exploding supply of money.
(Oh, libs, that's how it works. There IS such at thing as the money supply. The exact number of dollars in the economy is tracked by Uncle Sugar. When that amount gets too high and production of goods is too low, you have INFLATION.)

You now have the facts. Feel free to say something monumentally STUPID.
Pfuzylogic · M
@Reason10
What a lame attemp at blaming anyone besides the previous knee bruising closed door meeting President.
Did you graduate from Trump,s Academy? If so go sue for a refund! 🤣
Reason10 · 61-69, M
@Pfuzylogic Did you graduate from kindergarten in a blue state.
I gave facts. And

Pfuzylogic · M
@Reason10
Oh my … touché!
I recognize the trump academy signature of wit!
money well spent 🤑
Reason10 · 61-69, M
@Pfuzylogic

Actually, it is from having a superior ECONOMICS education. Woke idiots like you can't even SPELL "economics."
Also, the definition of Inflation can be found in pretty much ANY college Economics textbook, as well as Robert Bartleys "The Seven Fat Years, And How To Do It Again,"
Find someone with an education to read that to you.
Pfuzylogic · M
@Reason10
Preparation H should help you with that inflammation. It must be hard for you to interact with actual humans since most deplorables live under a rock.
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Reason10 · 61-69, M
@Pfuzylogic In other words, when you lose an argument, out come the insults.
There are Florida ESE third graders who are smarter and more mature than you.