this post was submitted on 25 Dec 2023
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Trump was literally on Twitter bullying the fed chair to not raise rates, threatening to fire him. The inflation situation is very uniquely his fault.
The inflation is caused by a conglomeration of things, and mostly not from us giving out stimulus. Trump is a clown but he didn't cause the inflation.
The inflation is supply side. That means it's caused by reduced stuff, not increased money. The Russian war caused oil to skyrocket and that caused a significant amount of the inflation.
And he bitched about the Fed under Obama for keeping interest rates low and claimed that the real unemployment rate was like 42%.
So inflation started after trump? Its not inherent in the system?
We're saying the same thing. The system is designed this way. Also most "inflation" is just corporate greed and seeing how much they can take from the poor
The "economy" is rich people's bank accounts, not the health of the population, not the happiness, not the wellbeing