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Democrats say it will reduce inflation. Republicans say it will increase inflation. So far most economists seem to be saying the effect will be negligible or th
by bandyaboot 4y ago
Democrats say it will reduce inflation. Republicans say it will increase inflation. So far most economists seem to be saying the effect will be negligible or that it will cause modest, long-term downward pressure.
- addicted 4y agoOf course, the US can’t really fight inflation in the short term that is completely global and because of supply chain issues and energy markets going haywire because of Russia’s I’ll advised warring. That being said the US is doing better on inflation than nearly every comparable country in the world. So whining about Dems and inflation is kind of pointless. The only action Dems could take to reduce inflation would be to deliberately cause a recession, but the Fed already has much better tools, a fraction of the political pressure, and much better systems and minds to manage the slowing down inflation/causing a recession balance. And frankly as the latest numbers show they’re doing a good job so far.
- Aleksdev 4y agoThere was inflation and high gas prices before the war in Europe. If this is what people think “pretty good job” looks like then I would hate to see how this progresses.