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I think most individuals keyed in and paying attention have been aware and saying this since the original stimulus under Trump. And at the time it was "yes infl
by croutonwagon 5y ago
I think most individuals keyed in and paying attention have been aware and saying this since the original stimulus under Trump. And at the time it was "yes inflation will be an outcome, but it may be better than burning it down in the short term". Most anyone I spoke with that had even a basic "macroeconomics 101" level of understanding or took any time to manage their own investment portfolio said this.
But then it came time to put the meat in the with potatoes. And there was little, if any, oversight in the distribution. A LOT of money was handed out to both individuals and companies that frankly didnt need it. And then the Biden admin added more and more.
Most that i recall seemed shakey at the prospect initially but understanding of the urgency of action. And outright offended at the implementation/outcome, and then viewed it as ludicrous with the follow ups.
These are largely the results coming home to roost.
But agian, those were not the majority or even a vocal minority that i saw. You know how many on certain sites will be outright certain xyz is how the masses view something (ie: an election) and then when the actual results come in everyone is shocked and just states that the differing viewpoint is stupid and gross. Well it seems those individuals got their way this time, and even now possibly haven't realized how shortsighted their viewpoints were and still arent connecting the dots.