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But it was Trump demanding lower interest rates while he was president and which in turn created the high inflation we have today.
by flakeoil 2y ago
But it was Trump demanding lower interest rates while he was president and which in turn created the high inflation we have today.
- aprilthird2021 2y agoYeah, unfortunately voters cannot connect inflation to the ramp up in COVID spending and stimulus checks and free PPP money Trump gave out.
- TeaBrain 2y agoInterest rates remained relatively low compared to history throughout the 2010s and the year over year inflation figures for that decade remained below 2.5% throughout those years, during both Obama's and Trump's presidencies. Inflation spiked after the Feds debasement of the currency in 2020 and 2021, during both Trump and Biden's presidencies, when it expanded the money supply at an unprecedented rate. Money Supply: https://fred.stlouisfed.org/series/WM2NS https://fred.stlouisfed.org/series/WM2NS Consumer Inflation: https://fred.stlouisfed.org/series/FPCPITOTLZGUSA https://fred.stlouisfed.org/series/FPCPITOTLZGUSA