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Is the government responsible for inflation? Honest question. They don't set prices for goods. They have been printing money, but that's been going on for 2-3 y
by giarc 5y ago
Is the government responsible for inflation? Honest question. They don't set prices for goods. They have been printing money, but that's been going on for 2-3 years now.
- deleted 5y ago[deleted]
- butlerm 5y agoGovernment regulations can affect the cost and supply of just about anything, especially housing and energy. Tariffs on foreign goods can be a major factor as well. Beyond that it is a question of government borrowing and central bank money supply. Government borrowing will be inflationary if it is financed by the central bank and it doesn't look like there is any credible plan for paying it off. That sort of thing is indistinguishable from printing currency to pay your bills, which doesn't work out very well after a while. Germany in the 1920s and Zimbabwe more recently are good examples of that.
- bduerst 5y agoCan a government be responsible for inflation? Yes. Is the government responsible for the inflation observed right now? That's a complex answer, of which current political adversaries of the executive branch leadership would love to pin solely on them.
- jcadam 5y agoI blame Nixon.
- newaccount2021 5y ago