> There’s no free lunch. Inflation was up above 6% and people saw their buying power drop by 8%. That’s about it right there. Except that only a portion of the

> There’s no free lunch. Inflation was up above 6% and people saw their buying power drop by 8%. That’s about it right there. Except that only a portion of the inflation may have been caused by all that money. Or have you forgotten the geopolitical events that caused a spike in food (grain) prices and especially energy costs? Let's not forget about supply chain issues: * https://www.frbsf.org/economic-research/publications/economic-letter/2022/june/how-much-do-supply-and-demand-drive-inflation/ https://www.frbsf.org/economic-research/publications/economi... * https://www.frbsf.org/economic-research/indicators-data/supply-and-demand-driven-pce-inflation/ https://www.frbsf.org/economic-research/indicators-data/supp... On the flip side we don't have high unemployed that takes over a decade to slowly go down (like Obama had to deal with post-2008 because the GOP didn't want to spend). Biden was there for the long slog to get people working again. Yes, inflation was high for ~18 months: would have a not-hot economy be better or worse than that?