08-08-2023, 06:22 PM
(08-08-2023, 06:15 PM)Synric Wrote: Wrong supply shortages have us in this mess. Covid restrictions in China have curb the supply of most of the worlds mass produced products. The War in Ukraine and now drought in Europe is hurting the world food supply. All the US is doing right now is raising interest rates so is harder to borrow money and raise credit debt to try to curb demand until they can figure out the supply issue.
I really hate to be one of those people that live by credit card right now.
Sure supply chain bottlenecks are a huge contributing factor to inflation, but the policies of the Trump administration exacerbated it. So you think increasing our national debt by over $ 6.8 trillion by printing trillions backed by nothing, and not allowing the Fed to raise interest rates had nothing to do with the inflation we are now experiencing?
