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To: Mariner

In most cases blaming “the party in power” for inflation, show economic ignprance as inflation almost always has causes that began before a current national administration and sometimes (not always) have no cause in actions of a current administration (unlike Biden’s).

While Trump’s tax and energy policies did not stimulate inflation, the “pandemic” “stimulus” federal handouts under Trump were excessive and increased money supply when demand was lowering and supply chain issues were building.

Yet, the Federal reserve made matters worse when the pandemic slowdown was officially over by August 2020 but it kept its stimulating low interest rates and asset purchases into it’s own balance sheet. And Biden did everthing to make matters worse with additional “pandemic” “stimulus” and depresssing American fossil fuel production.

I imagine the situation in the U.K. is also one where all the casuses of inflation did not come from the current national administration.


15 posted on 05/08/2022 9:13:41 AM PDT by Wuli
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To: Wuli
the “pandemic” “stimulus” federal handouts under Trump

I think most people on this forum thought those would trigger inflation, and they did.

19 posted on 05/08/2022 9:16:58 AM PDT by Jeff Chandler (THE ISSUE IS NEVER THE ISSUE. THE REVOLUTION IS THE ISSUE.)
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