[Moonman62]

Hahaha, but we all know the truth, that inflation is caused by too much money chasing available goods and services.

Is that like guns that shoot people?

But the politicians spending more than what they collect in taxes is no help in controlling inflation. That budget deficit has to come from borrowing and printing money.

Manipulating interest rates doesn't help either. Interest rates that go too high and hurt economic productivity have to be countered by interest rates that go too low and weaken the currency. All that quantitative easing under Obama certainly didn't help.

Any government action or government endorsed action that hurts economic productivity, as what's happened in Venezuela and elsewhere doesn't help inflation.

[entropy12]

In 52 years of observing the Fed, I have never seen them increase rates above and beyond actual inflation rate.

But they have kept rates way below inflation during all 8 years of Obama-Hussein.