Biden's Fed did not overprint money; if they had, there wouldn't be a shortage of dollars in relation to world demand for them. Again, 2020 happened and people pretending it didn't helped lead to where we are now.
Biden's Fed did not overprint money; if they had, there wouldn't be a shortage of dollars in relation to world demand for them. Again, 2020 happened and people pretending it didn't helped lead to where we are now.
I mean a $1.2 trillion dollar infrastructure bill is going to add to the money supply. I'm not opposed to it, we desperately needed that infrastructure but surely it's responsible for a non-zero amount of inflation?
If I am understanding your points correctly, I think your comment regarding the money supply is incorrect. Putting aside any judgement on whether it was the right thing to do or not, the government (both parties) added roughly $6 trillion to the money supply during and post covid. Just look up the M2 money supply and you can see the trends over time. COVID did not somehow reduce the money supply as you suggest.
Biden's Fed did not overprint money; if they had, there wouldn't be a shortage of dollars in relation to world demand for them. Again, 2020 happened and people pretending it didn't helped lead to where we are now.
I mean a $1.2 trillion dollar infrastructure bill is going to add to the money supply. I'm not opposed to it, we desperately needed that infrastructure but surely it's responsible for a non-zero amount of inflation?
If I am understanding your points correctly, I think your comment regarding the money supply is incorrect. Putting aside any judgement on whether it was the right thing to do or not, the government (both parties) added roughly $6 trillion to the money supply during and post covid. Just look up the M2 money supply and you can see the trends over time. COVID did not somehow reduce the money supply as you suggest.