He created it out of thin air. Increasing the money supply.
He added it to the debt which the tax payers are on the hook for.
Yes he can steal the air and inflate the balloon at the same time and he did.
How did it make its way into the money supply immediately? How did that money immediately affect the inflation rate? How is that possible? If stolen as you say, how does it affect prices?
Inflation didn't spike the moment the bill was signed... it increased gradually over time as the printed money was spent.
This concept is clearly beyond you. If you're not trolling I feel sorry for you.
How did it make its way into the money supply immediately? How did that money immediately affect the inflation rate? How is that possible? If stolen as you say, how does it affect prices?
Here’s the thing. The inflation that you want so badly to pin on Biden is neither Biden’s nor Trump’s fault. It’s the chickens coming home to roost for the loose monetary policy extending back to the early 90s exacerbated by an extended period of artificially low interest rates and the aftermath of a global pandemic.
Twisting yourself in knots to make it Biden’s fault is silly. I just wanted to see the lengths you’d go. It’s clear that you are too dug in to have an actual conversation.
It's COVID's fault AND Trump's fault AND Biden's fault.
COVID decimated the supply chain. Trump's stimulus inflated the money supply.
Biden's stimulus and terrible policies further increased the money supply and exacerbated the problem greatly.
You're so dedicated to defending your diaper wearing leader you're too dug in to accept reality.
Here’s the thing. The inflation that you want so badly to pin on Biden is neither Biden’s nor Trump’s fault. It’s the chickens coming home to roost for the loose monetary policy extending back to the early 90s exacerbated by an extended period of artificially low interest rates and the aftermath of a global pandemic.
Twisting yourself in knots to make it Biden’s fault is silly. I just wanted to see the lengths you’d go. It’s clear that you are too dug in to have an actual conversation.
It's COVID's fault AND Trump's fault AND Biden's fault.
COVID decimated the supply chain. Trump's stimulus inflated the money supply.
Biden's stimulus and terrible policies further increased the money supply and exacerbated the problem greatly.
You're so dedicated to defending your diaper wearing leader you're too dug in to accept reality.
hey winnie why did inflation fall by more than half after the massive spending bill called the 'inflation reduction act?'
How did it make its way into the money supply immediately? How did that money immediately affect the inflation rate? How is that possible? If stolen as you say, how does it affect prices?
Inflation didn't spike the moment the bill was signed... it increased gradually over time as the printed money was spent.
This concept is clearly beyond you. If you're not trolling I feel sorry for you.
That’s just the thing. Inflation did spike the instant the bill was signed. Making it abundantly clear that the bill wasn’t the cause of the inflation.
You are correct when you say it increases gradually over time. So the mechanics of the inflation you want to gripe about starting long before the spike.
The Federal Reserve Bank of Cleveland provides daily “nowcasts” of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the Consumer Price Index (CPI). These nowcasts give a...
Here’s the thing. The inflation that you want so badly to pin on Biden is neither Biden’s nor Trump’s fault. It’s the chickens coming home to roost for the loose monetary policy extending back to the early 90s exacerbated by an extended period of artificially low interest rates and the aftermath of a global pandemic.
Twisting yourself in knots to make it Biden’s fault is silly. I just wanted to see the lengths you’d go. It’s clear that you are too dug in to have an actual conversation.
It's COVID's fault AND Trump's fault AND Biden's fault.
COVID decimated the supply chain. Trump's stimulus inflated the money supply.
Biden's stimulus and terrible policies further increased the money supply and exacerbated the problem greatly.
You're so dedicated to defending your diaper wearing leader you're too dug in to accept reality.
I don’t recall saying that I supported Biden. I merely pointed out that you can’t point to Biden as the cause of global inflation.
Inflation didn't spike the moment the bill was signed... it increased gradually over time as the printed money was spent.
This concept is clearly beyond you. If you're not trolling I feel sorry for you.
That’s just the thing. Inflation did spike the instant the bill was signed. Making it abundantly clear that the bill wasn’t the cause of the inflation.
You are correct when you say it increases gradually over time. So the mechanics of the inflation you want to gripe about starting long before the spike.
You'd have an amazing point if you didn't just pull that fact out of your ass.
Back in reality, Biden's stimulus was passed on March 6, 2021. Inflation was 1.7% when the monstrosity was passed and then started increasing month by month as the stolen money was given away and other terrible Biden policies took effect.
The annual inflation rate for the United States was 3.3% for the 12 months ending May, compared to the previous rate of 3.4%, according to U.S. Labor Department data published on June 12, 2024. The next inflation update is sc...
How did it make its way into the money supply immediately? How did that money immediately affect the inflation rate? How is that possible? If stolen as you say, how does it affect prices?
It's fun to watch the liberal brain try to comprehend money.
If I steal $1000 and use it to buy a bike, the $1000 remains in the money supply and I've driven up the cost of bikes. I know your mind is blown right now.
Purchasing a bike doesn't change the cost of the bike.
You probably shouldn't lecture others on economics.
It's fun to watch the liberal brain try to comprehend money.
If I steal $1000 and use it to buy a bike, the $1000 remains in the money supply and I've driven up the cost of bikes. I know your mind is blown right now.
Purchasing a bike doesn't change the cost of the bike.
You probably shouldn't lecture others on economics.
Yes it does. Increased supply without increased demand.
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