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To: spintreebob
The FED is required by law to counteract the actions of Biden. The FED is just doing its job required by law.

They're doing their job but the cost of living is now higher. Even if inflation is now 0%, we can't go back to the prices they were three years ago.

13 posted on 08/20/2023 9:30:23 AM PDT by MinorityRepublican
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To: MinorityRepublican

The point is that it is the Biden policies that caused this.
Jan 2021 Biden took several separate actions, each of which raised the cost and prices of fossil fuel.

Then Biden flooded the economy with Recovery Act money that recovered nothing but greatly increased the cost of doing business.

Then the Inflation Reduction Act was not about inflation, but about spreading money to buy off some supporters.

No economist is their right mind approved of this. Keneysians favor the government spending money in only certain conditions. This was not one of them. And of course Austrian and Friedman and other economists don’t spread government money like that.

It is factually wrong...and politically a loser .... to take the focus off Biden.


15 posted on 08/20/2023 10:41:48 AM PDT by spintreebob (ki .h Tg)
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