First, from one of the leading economists in all of human history: https://mises.org/mises-wire/what-inflation-really-means#:~:text=Ludwig%20von%20Mises%20however%2C%20held%20that%20the%20popular,the%20quantity%20of%20bank%20deposits%20subject%20to%20check. Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term ‘inflation’ to refer to the phenomenon that is an inevitable consequence of inflation, that is the tendency of all prices and wage rates to rise. The result of this deplorable confusion is that there is no term left to signify the cause of this rise in prices and wages. There is no longer any word available to signify the phenomenon that has been, up to now, called inflation.
You got that, goose steppers? Inflation is INCREASING THE QUANTITY OF MONEY AND BANK NOTES IN CIRCULATION.
Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.
Okay, class. (Assuming there's anyone here who made it to middle school status.) There is such a thing as the money supply. https://www.investopedia.com/terms/m/moneysupply.asp The money supply is the sum total of all of the currency and other liquid assets in a country's economy on the date measured. The money supply includes all cash in circulation and all bank deposits that the account holder can easily convert to cash.
(You uneducated goose steppers probably never heard of this.)
Sudden increases in the money supply without production leads to INFLATION.
If the money supply increases faster than output then, ceteris paribus, inflation will occur. If a government prints extra money, households will have more cash and more money to spend on goods. But, if the amount of goods stays the same, the extra cash will just cause firms to put up prices.
But several experts blamed Biden's own actions on the persistent inflation levels. They noted that he has pushed several massive spending packages, namely the American Rescue Plan and Biden's $1.9 trillion COVID-19 stimulus package which have sunk the nation deeper into debt. "Of course, you're going to have inflation when Congress and the president are signing trillions of dollars in new spending and, again, pushing up annual deficits to $2 trillion a year. This is textbook expansionary fiscal policy. The harder the White House hits the gas on fiscal policy, the harder the Fed is going to have to hit the brakes on monetary policy. That just means higher interest rates and more pain for a lot of families."
Bottom line, corporations are PHYSICALLY UNABLE TO CREATE INFLATION. They do not have the keys to the US Treasury.
If you can't understand this, you're a moron. Please don't reproduce.
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So you are blaming the stimulus checks and programs that started under Trump (the ones he insisted on signing) and then continued by Biden to get us through a time of crisis for raising prices? Don't worry, I didn't get any of that money because my income was high enough to not qualify.
Why don't you mention the inflationary impacts of having nearly free credit for years on end? Available money supply has been increased far more by fractional reserve lending and near zero interest rates than it has been covid relief. The difference with credit vs. printing is that with credit, someone is eventually left holding the bag and needing to pay back money that doesn't exist.
@Reason10 good ol trump continued the scam of FIAT. Shall we just ignore the trillions printed on his watch? Doesnt matter who you pick, red or blue, the scam still continues. If you pick either side you are consenting to this system of daylight robbery and the red and blue parasites that manage said system
