So does Hyper-Inflation just fall out the sky?

Inflation in the US over the past 60 years has been chiefly caused by A) profligate government spending and B) energy shocks.

This administration has deliberately caused both by pursuing demand side economics (long considered a no-no until the new progressive wave of thinking) and intentionally roiling energy markets in pursuit of climate change policies. They had no energy transition plan other than, "let's gut fossil fuels". As a result, we have runaway energy costs.

Making this worse, we have a constrained supply chain due to the shut downs. You couple demand side economics with reduced supply, along with an energy market shock, good luck. Prices rise incredibly quick.

Inflation didn’t fall out of the sky. This board was screaming inflation when they passed out checks to 90% of Americans.

This board also knows the reasons behind inflation and how to fix it.

Reasons behind inflation:
1. Government Printing and spending money.
2. Government reducing the availability of oil drilling causing fuel and energy prices to skyrocket.
3. People not working causing the price of labor to skyrocket. Caused by the government giving people free money and benefits.
4. Product shortages caused by people not working caused by the government giving free handouts and money.

How to fix it.
1. No more money for the unemployed. No more benefits for the unemployed. You don’t work you don’t eat or sleep indoors or have electricity or internet. This solves causes 3 and 4 and costs nothing.

2. Drill Baby Drill.

3. Return government spending to 2018 levels.

It doesn’t take a genius to fix this. Just someone who wants it fixed.

It all started when Trump was in office. Not saying it's his fault anymore than Joe's or the other way around.

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all started when Trump was in office. Not saying it's his fault anymore than Joe's or the other way around.

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Trump shares some culpability, yes. An injection of money like he made happen will cause short term inflation. The problem is that Joe’s admin’s policy decisions perpetuated and turbocharged it.

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It all started when Trump was in office. Not saying it's his fault anymore than Joe's or the other way around.

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You are not wrong but the current administration's fiscal policies along with congress are not helping.

The main reason for the sky high prices on everything is shipping costs. A container that cost $3k 18 months ago now cost $20-25K those increased costs are being passed on to the consumer.

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makes no correlation between gas prices and Biden policy.

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That's by design.

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How much of the inflation rate can you pin on whoever is currently in the White House (D or R).

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By looking at what it was prior to their becoming President and what legislation may have been in place to put it at that point, then compare that to the new legislation they pass/repeal and the impact on inflation that has.

For a quick cheatsheet:
Energy touches everything, so anything causing a sharp and long-lasting increase in the price of energy will eventually increase prices.

The price of labor touches anything, so any legislation forcing an increase in the price of labor will eventually increase prices.

The value of the USD is based largely on the desirability of the US federal debt and the total amount of cash in our system. Continued low interest rates and forcefully injecting cash into the system via QE will eventually increase prices by decreasing the Dollar's value.

Any legislation impacting these things will impact general prices.

This is why unions and big corporations all campaigned for Joe. They all new they could take advantage of him and raise prices instantly without any repercussions. Inflation is at 8% but something I bought in May of 2020 is now increased by ofer 25%, because they can, no one will stop them. It’s the largest organized scam and will be taught in school many years from now. Corporations colluded with each other to get this potato in office so they can recover their losses from COVID. Businesses aren’t just going to lose 2 years worth of profits and take it lightly. They are making this years profit and the last 2 years all at once. It’s why a $100 item in 2020 is now $175 in 2022.