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The war excuse is bizarre and inaccurate. "Inflation is always and everywhere a monetary phenomenon" M2 has been increasing at an unprecedented rate: https://f
by legitster 5y ago
The war excuse is bizarre and inaccurate.
"Inflation is always and everywhere a monetary phenomenon" M2 has been increasing at an unprecedented rate: https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL If you don't solve this you don't solve inflation.
- IAmEveryone 5y agoThe jump in 2020 is explained by a footnote saying that the definition was broadened in May of that year. Other than that, the rate is unprecedented in absolute terms only in the way that any chart of exponentional growth will always be.
- Brycee 5y agoin the late 70s the politicians also blamed OPEC for inflation. which was also bullshit.
- nathanaldensr 5y agoAbsolutely no one believes this has anything much to do with Putin, Russia, or Ukraine. Congress' spending is out of control. The Fed's 20-year low interest rate policy is finally coming home to roost.