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> You forgot 5) mic drop Hardly. The parent reminded me of other issues affecting inflation in the U.S. - things I would chalk up to a sub-omptimal reglatory/l
by mikem170 4y ago
> You forgot 5) mic drop
Hardly. The parent reminded me of other issues affecting inflation in the U.S. - things I would chalk up to a sub-omptimal reglatory/legislative environment, which has made a mess over the decades of health care, housing, energy, social spending, and taxes. Congress is somewhat disfunctional, and can't agree on fiscal policies that might help in our current situation. That leaves only the fed to intervene, as best they can. That's not a supply problem.
Also, how could injecting 7 trillion dollars directly into the economy not have an effect on prices? Supply and demand were both affected by the U.S. pandemic response, not just supply as you asserted earlier.
Are you saying that the 7 trillion dollars of money given to small business owners and as stimulas checks had no affect on prices?