Whose Fault Is Inflation? Liberals Want Biden to Blame Big Business.

https://www.nytimes.com/2024/06/06/us/politics/biden-inflation-greedflation-economy.html

by FUSeekMe69

23 comments

  1. It’s pretty simple…

    Covid…

    Covid caused inflation and now the world is figuring out what they did that was good and bad for the economy…

    Greedflation is a different subject.

  2. Inflation comes from the government injecting too much money in the economy.

  3. Inflation is only ever caused by the federal government creating and spending too much money.

    Remember, anyone who says otherwise is either ignorant or trying to manipulate you

  4. Alternative headline: “liberals want you to believe their made-up fake narrative that has no economic basis in reality.”

  5. Monetary policies enacted by Congress (especially during the pandemic), fiscal policies taken by the Federal Reserve during the pandemic (I.e. 0% Fed Funds Rate and QT), and corporate greed.

  6. (I cant believe I have to ELI1 this)

    Ok kids time for another econ .001

    What causes inflation? Its not a trick question.

    Money supply!

    [Great now lets look at the money supply chart. ](https://fred.stlouisfed.org/series/M2SL)

    Ok now using our eyes lets look at the dates. Remember when presidents get sworn into the office kids.

    From the 2017 to 2021 under Trump the money supply went up 45.4%

    From 2021 to now under Biden the money supply went up 7.9%. Yay good job pointing out that its not full 4 years but with less than 9 months to catch up to Trumps numbers, its unlikely that Biden can come in at #1 highest money supply increase president.

    Homework for extra smart kids. Calculate percentage increase even without covid for trump but include it for Biden.

    Dont you just love when billionaire controlled media not a single time talks about the money supply? Isnt that important? Although at this point even if they did write about this, at least half of Americans wouldnt even bother reading and being able to process this information because it doesnt align with feelings.

  7. The condition for the surge in prices were created during the pandemic lock down. As we came out, the release of pent up demand plus supply chain problems made that inevitable. Economists, including myself, were warning that inflation would rise. There’s no one to blame. But people are locked into their political bias.

  9. The FED printing $7 trillion USD during Covid and handing it out. That’s it. That’s where the fault lies. Both parties are complicit and signed off on it.

  10. Both Trump and Biden printed trillions. That’s what caused it.

  11. Printing more money than the goods and services produced to support it. E.g simplified. Entire economy goods and services in a year is 10 apples. Total money in the system is $10 dollars. Each apple cost $1. Then the next year the government prints 5 more dollars. The economy produces the same 10 apples. Each apple cost $1.50. They printed and gave out trillions of dollars in ppp and stimulus while shutting down the production of a lot of goods and services. Not hard to figure inflation could happen. The nail in the coffin was the last 2 huge spending bills Biden passed. The American rescue act and inflation reduction act. While inflation was high but they told you it was transitory.

  13. For months he loved to call it “Putin’s Price Hike” (that was after claiming inflation was ‘transitory’ LOL)…is it no longer Putin’s fault?

  15. Greedflation #1. trump and Congress #2 2.1 trillion socialist bailout. Biden and Congress #3 1.2 trillion bailout

  16. I thought inflation was transitory? Or that it’s not that bad? Why are needing someone to blame if the economy is doing so great?

  17. I could swear I saw basically this same headline this morning only “progressives” instead of “liberals” and “greedflation” instead of “big business”.

  19. PPP is the primary driver of domestic inflation in the US. Those loans never should have been forgiven.

    Secondly it’s the deficit. When you pay out as much as you do to retirees AND refuse to enforce tax law (lots of people driving escalades while using EBT), you’re asking for high inflation

  20. A virus is mostly to blame for inflation. Biden going on a spending spree for pet projects under the guise of “inflation reduction” contributed to inflation. We were not in a good financial position to go on a spending spree. Even if you make the argument that Trumps tax cuts in good times caused it, Biden’s spending spree in bad times was a bad idea, Trump didn’t see the future pandemic but Biden certainly understood we were not recovered from one yet.

  21. 3% inflation is normal. It is the side effect of making sure there is enough money available to effectively run the economy. The 9% inflation we had a year ago was due mostly to supply chain disruption caused by Covid. Did a few companies raised their prices during the disruption, yes they did. Was their prices increase legit, in some cases it was, in some cases, it wasn’t.

  22. Multiple factors, but black-and-white thinking morons need a villain to pin it all on.

  23. The handful of Corporations that own the variety of items we “consume” – (I can’t stand that word), driving costs so high that Americans across the board consider possible homelessness at least once a month.

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