3 ms·
This is just so weird, I'm having trouble wrapping my brain around it. Last year the US issued two rounds of economic stimulus, with $2T and $2.3T price tags. O
by pwinnski 6y ago
This is just so weird, I'm having trouble wrapping my brain around it. Last year the US issued two rounds of economic stimulus, with $2T and $2.3T price tags. Our inflation rate for 2020 was 1.23%, below the Fed target of 25. In fact, it's been 1.51% on average since 2008[0].
So why is there now suddenly a huge risk of inflation, even hyper-inflation? What has changed? The current proposal is for $1.9T stimulus bill, less than half of last year's bills, but now we're at risk of inflation running out of control overnight?
I don't get it.
0. https://www.in2013dollars.com/us/inflation/2008?amount=1 https://www.in2013dollars.com/us/inflation/2008?amount=1