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The US government printed a bazillion dollars during covid, continues to spend wildly, and engages in practices like transfer of college debt from debtors to ta
by RickJWagner 2y ago
The US government printed a bazillion dollars during covid, continues to spend wildly, and engages in practices like transfer of college debt from debtors to tax payers.
It's a complete mystery why inflation has run amuck.
- 2four2 2y agoI think you mean business loans like PPP, not student loans.
- missedthecue 2y agoDidn't PPP go to wages? Unless it was literal outright felony fraud. My employer received a PPP loan and it had to go to non-management employee pay.
- bachmeier 2y ago> It's a complete mystery why inflation has run amuck. The CPI inflation rate is 3.4%, and it's been under 4% for a year. House price inflation is at almost 6%, and it's been above 4% for more than 10 years. The lowest house price inflation rate during Trump's presidency was 4.4%. Excluding the financial crisis, you have to go back to the mid-90s to find house price inflation under 3%. Pandemic-era fiscal policy and college loan debt cancellation is not helpful as an explanation for the explosion of house prices.