Did Bidenomics contribute to the accelerated inflation after 2021?

No. It's price gouging by greedy corporations.

Well, inflation was greater in Europe and most other developed countries. By that I can conclude Biden's economic policies were not a major contributing factor. Also, those at the top seem to be still making money just fine - look at wall street.

As mentioned by Munster - energy costs were part of it - and that is largely out of Biden's control, despite what critics say (keystone pipeline does nothing for energy prices).

More than anything, I think a lot of companies took a hit from the pandemic, and the inflation was a "rebound" to recover some costs and satisfy investors.

You can mark the spike in inflation, the moment the ink dried on the EOs Biden signed to shut down the XL pipeline.

Corporate greed

I'm not really sure what "Bidenomics" is supposed to mean.

I will say that the massive amount of inflation in the last few years was due to two major things..

...the deficit spending that occurred during Covid and the economic shutdowns. That was under Trump, but had the support of Congress and Americans

The invasion of Ukraine and the sanctions enacted by the West blew up the energy markets and stoked the almost 10% inflation rate seen briefly after the invasion happened.

Shutting down the country and energy production kicked it off big time.

Inflation, always and everywhere, results from too much purchasing power chasing too few goods. Over the past few years, the United States has experienced both. Surging demand amid flagging supply is the best explanation for inflation in any short period in which market power is relatively stable. Corporate greed or increased concentration doesn’t get us the sudden, economy-wide price hikes we saw in 2021. Supply and demand provide a simple framework for breaking down the causes of inflation.

If inflation arises from a positive demand shock (such as the Federal Reserve printing lots of money), prices and real output will rise together. If it is from a negative supply shock (such as the war in Ukraine), prices will rise, but real output will fall. As of May 2022, real output was roughly on trend, whereas prices were well above trend. Since output was on trend, this suggests equally offsetting demand and supply shocks. A more rigorous analysis from Adam Shapiro of the San Francisco Fed found roughly the same demand and supply split up to that point in time.

For a price index, Shapiro uses the Personal Consumption Expenditures (PCE) price index. For 2022, the overall headline PCE inflation was around 5.2 percent. He breaks down that overall figure into 2.58 percent attributable to supply factors, 1.85 percent to demand factors, and the remaining 0.8 percent being ambiguous. For the year leading up to April 2023, he finds 1.6 percent from supply, 1.89 percent from demand, and 0.86 percent ambiguous.

President Biden’s American Rescue Plan added $1.9 trillion to an economy in 2021 that was estimated to be producing output $400 billion below its output capacity. That meant most of this additional money, injected into the economy, would manifest itself in higher prices, including oil prices. Moreover, given the important role the dollar plays internationally, as a global reserve currency, this large demand shock spilled over into the global economy and contributed to the rise in global commodity prices.

We have the strongest economy in the world, including historic levels of employment, increased wages, and inflation back down.

Everyone had inflation, but ours is back under control. Powell/the Fed did their job, and the Biden-Harris Admin did theirs.

"Bidenomics" as I understand it is largely a continuation of taxpayer funded stimulus that began under Trump. Yes, it had some impact on inflation, but fairly insignificant when set alongside the bigger macro-economic pressures that affected most economies at the same time.

Say one stopping the pipelines has a direct correlation to fuel prices increasing. The massive spending bills then raised prices even.more and have failed to provide any infrastructure upgrades. Our electrical grid is still shit. By this time the increased fuel prices drove of the cos of transporting goods across the country further escalating is prices and inflation.


When Trump left in office inflation was at 1.9%

Bidenomics explodes to o er 9%=before coming down to about 4%.

It was a worldwide inflation caused by the economy roaring back as the vaccines quelled the pandemic. Not fake news. Almost universally accepted as fact.

Absolutely! However Trump's deficits (the ones congress created and he signed off on) were a cause of inflation as well. You simply can not print money to cover a deficit without destroying the value of the currency.

If Trump follows through on his promise of more tariffs and spending billions on mass deportations, then inflation will get worse, not better, in the coming years.

What does Bidenomics even mean?

If you use the term, you should be able to define it.

Bidenomics is no more a thing than Reaganomics was. Just people trying to bend the rules..😷