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Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing


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On 4/25/2024 at 2:24 PM, The Frankish Reich said:

 

On the macro economic scale, an overheated economy means inflation. We just had that. The Fed raised rates to try to get things back in balance. So far it seems to be happening. Why is this bad? Inflation was bad, the cure for inflation is bad, everything is bad ...

Are you actually this blind to how bad the government has screwed things up that you believe the inflation is even 25% from a hot economy? The inflation is from printing a huge amount of cash and paying it to people for not working. If you want to blame Trump for not squashing it is one thing but to pretend that this inflation is from a good thing is absurd. Anyone with a minimal amount of understanding of economics knew the inflation from the pay puts would be massive, the only ones saying different were being paid by the government.

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