Check out all the government spending soon after he took office. Study the spending bills from the totally controlled Democrat congress that he signed. Then check out how any of those trillions spent (our tax dollars) benefited you. Government spending causes inflation. If you start with 5 one dollar bills they are each worth one dollar in spending power. If the government PRINTS 2 additional dollar bills now your five dollars is worth less. It’s that simple. It was so absurd they told that they needed to print even more money to reduce inflation. They must think very little of the intelligence of their audience to think anyone would believe such a complete contradiction
It is always the major cause. Just think about it. Imagine if you could just fucking print as money currency as you wanted. The more they print the less what you have is worth. Simple math
Mickey7@lemmy.world 2 years ago
Check out all the government spending soon after he took office. Study the spending bills from the totally controlled Democrat congress that he signed. Then check out how any of those trillions spent (our tax dollars) benefited you. Government spending causes inflation. If you start with 5 one dollar bills they are each worth one dollar in spending power. If the government PRINTS 2 additional dollar bills now your five dollars is worth less. It’s that simple. It was so absurd they told that they needed to print even more money to reduce inflation. They must think very little of the intelligence of their audience to think anyone would believe such a complete contradiction
PeepinGoodArgs@reddthat.com 2 years ago
Yes, but…is government spending the only cause of inflation?
Mickey7@lemmy.world 2 years ago
It is always the major cause. Just think about it. Imagine if you could just fucking print as money currency as you wanted. The more they print the less what you have is worth. Simple math
PeepinGoodArgs@reddthat.com 2 years ago
If it was always the major cause, then what impact did lesser causes, like inflationary price increases by corporations or supply chains issues, have?
I don’t intend to pursue this into oblivion just to say, “Ah ha! You don’t know all!” I’m not going to do that. I swear.