Quote:
Originally Posted by Precious_b
Neither joey or donny caused inflation.
Now, righties will refuse to acknowledge it, but the rest of the world recognizes the COVID crisis.
Just in time inventory is just one thing that took a hit and helped cause such. Ima sure a single administration can't whip and turn an economy around on a dime. It would be nice though.
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WRONG, totally wrong as you don't grasp economics
When governments forced business shutdowns and paid large sums of money to try and make up the difference to not effect people it put some small inflationary pressure on the market.
Biden's totally misnamed Inflation Reduction Act was totally inflationary as everything was opening up already because of the vaccine becoming available. The act also further increased regs on fossil fuels increasing prices even faster than just the improving economy would have caused.