Folks, I’d really like an intelligent discussion on:
1) The major cause(s) of this inflation
2) What an intelligent government can do about it other than to rely on the Fed’s monetary policy.
you can flame Biden to your heart’s content while you’re at it :)
Major issue beneath headline: food component of CPI #inflation rose by 11.4% y/y in August, up from +10.9% prior and fastest rate since April 1979..
https://twitter.com/LizAnnSonders/status/1569666246999678979
Cause: Wildly out of control government spending.
Solution: Stop spending.
Spending is the cause!
Stop spending is the solution.
And I don’t see that stopping as long as we have a moron as a President and a democrat House and Senate.