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If you ask journalists everything is mono-causal all the time. There are several factors that all play a significant role imho. FED not raising rates when the e
by wafriedemann 4y ago
If you ask journalists everything is mono-causal all the time. There are several factors that all play a significant role imho. FED not raising rates when the economy was already in full recovery is one. Then excessive fiscal spending during Corona while the economy was partially shut down. And then of course the war in Ukraine. Another factor China's ridiculous No-Covid strategy (if it's even about Covid).
- somewhereoutth 4y agoChina's zero Covid strategy has saved, and continues to save, millions of lives. Over any reasonable time period, the economic benefits of having a healthy populace out weigh the temporary cost of lockdowns. Our current problems with inflation may well be in part caused by workers unable to work due to chronic illness caused by Covid (and indeed the endless rounds of acute illness too).