We reached that stage in the great inflation debate. The clues have been there all along!!

Joey and his Fed Reserve Chairman Powell created a huge problem. Yellen played a role as well to hamper POTUS Trump. Can you even imagine if those tables were turned? The dems would not know what to do escept act like headless chickens.

What a disingenious take.

Let's look at what the economists said:

quote:

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“Post-covid inflation was predominantly driven by unexpectedly strong demand forces,” they write in a new National Bureau of Economic Research working paper. “These demand forces reflected a combination of surprisingly robust pent-up demand following the pandemic restrictions, stronger-than-expected expansionary fiscal policies, and an unusually accommodative monetary stance.”

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Okay, seems pretty reasonable. I pretty much predicted this when they passed the garbage inflation reduction act and other massive spending.

Now let's look at at Breitbart's take:

quote:

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In other words, the culprit was excessive demand, fueled by the Biden administration’s massive spending programs and the Jerome Powell Federal Reserve’s easy money. The much-demonized supply chains played a surprisingly small role in the worst inflation in four decades

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Two things:
1. Trump also massively grew the budget resulting in excessive demand.
2. The quote is referring to post-covid inflation. It does NOT give supply restrictions a pass. That is very much still a cause of the current issues (Ukraine/Russia conflict, Iran, tariffs).

It is completely possible that both sides suck and both want to spent money they don't have for political gain.