re: Good thing I don't live there but beef prices in Canada are insane.

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Inflation had not hit from his reckless spending, following a decade of reckless spending as well.

We may not even be feeling the effects of the spending under the Biden administration yet

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Look, you like to be accurate.

Spending only happens if congress allows it.

COVID spending was demanded by congress. It was passed by a veto proof majority. Practically EVERYONE wanted the spending because they deemed it necessary due to government COVID shutdowns.

Good, bad or indifferent that increase in money supply was supported by almost everyone and at the time I said the costs of this "printing" was going to be inflation. But the antidote to inflation is productivity coupled with monetary tightening.

Congress under Biden added fuel to the fire. Not only did they continue to "print" (or force the FR to buy Treasury bonds to increase money supply) they discouraged productively.

We saw this in last quarter's economic numbers. Productivity was lower than inflation. That is called stagflation.