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CHIPS was signed into law in August 2022. The yearly inflation rate for 2023 was 4.12%. Inflation, especially in the wake of the COVID-19 pandemic, was caused b
by chc4 2y ago
CHIPS was signed into law in August 2022. The yearly inflation rate for 2023 was 4.12%. Inflation, especially in the wake of the COVID-19 pandemic, was caused by an extremely large amount of different issues and chalking 9% inflation up to infrastructure spending is a wild jump.
- righthand 2y agoGood thing I didn’t chalk up infrastructure spending as the only cause by stating “part”. > but also was a part of the 9% inflation Yes there are other reasons, COVID payments being another reason, which citizens were warned about. The first payment was signed by Donald Trump himself. Any time there is an increase in spending it will cause inflation. Increasing defense spending is another cause which happens yearly.
- jeffbee 2y agoDid CHIPS and stimulus checks also cause inflation in Germany, Italy, France, Japan, Canada in Britain? Asking because they all had higher inflation than US.
- righthand 2y agoThe pandemic caused global inflation. I don’t know why you’d insinuate increased spending in America directly correlates with increased spending in Europe. I’m not sure what point you’re trying to make either.