21 ms·
We had essentially been exporting inflation to places like China for about 30 years until 2018 or so. As soon as our free trade policies changed under the previ
by UncleOxidant 3y ago
We had essentially been exporting inflation to places like China for about 30 years until 2018 or so. As soon as our free trade policies changed under the previous admin it was clear that we were in for some inflation. Throw in covid and this is the result - the choice was either let the economy fall into another great depression or send checks out to people. We kind of did the latter. I think the inflation we're experiencing now is better than the alternative.
- patrick451 3y agoThat's a false dichotomy. We could have done nothing and the economy would have been. Sending people checks was only excused because of an inexcusable shutdown.