Yers. The entire drumbeat about inflation is so they can raise rates. The FED is designed to get money from a 4% inflation rate, which has been held artificially low through political intrusion on lower rates. Bill Clintoon started it. He knew the economy would grow if he could hold rates low, even if there would be a Piper to pay later. As long as he got re-elected, he couldn’t care less about the future. Bush didn’t have the guts to raise rates, and Obama and Trump played Clintoon’s game.
I disagree with your assessment. I believe we were actually in deflationary times due to productivity gains caused by IT and automation. And economist fear deflation more than anything. So pumping money out and low interest rates kept deflation at bay. Clinton, Obama and even Trump benefited from it. But the scamdemic stopped the productivity gains and now we are back to old school economics where the money supply and interest rates can’t remain where they are without inflation going through the roof.
One interesting note, will productivity really spike after the pandemic. With the pandemic teaching businesses that working from home does work (for many). with technology, training, and processes during the pandemic focused on at home working after the scamdemic is over will these productivity gains result in a huge increase in productivity for business. If so you may see growth like we haven’t in decades. If democrats are in the white house when this happens they will have something to run on. So if they continue the plandemic they actually hurt themselves in the long run. Best to end this scam now and get productivity up. Otherwise the GOP will win the White House and the economy too. Barring any cheating at the ballot box and/or another plandemic they will get 8 years for sure.