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The inflation thing is hugely complicated. People like to blame it on the COVID checks like giving people a couple months rent over the course of 3 years is rea
by Volundr 4y ago
The inflation thing is hugely complicated. People like to blame it on the COVID checks like giving people a couple months rent over the course of 3 years is really sufficient to have a large effect on the economy.
In reality COVID stimulus didn't help (inflation specifically), but you can't just look to individual stimulus to see it, you also have to look at all the stimulus targeting businesses. Even then it's just one small factor. Supply shocks, Russia, sudden changes in consumer behavior, low interest rates and more all play in. It's not a simple problem with a single cause, but it's more satisfying to point and blame one factor some else is responsible for, so most discourse on the topic, even from those we'd hope would know better since they are in charge of fixing it, is worthless.