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Interest rates remained relatively low compared to history throughout the 2010s and the year over year inflation figures for that decade remained below 2.5% thr
by TeaBrain 2y ago
Interest 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