My understanding is that the government wants to reduce the value of the dollar so their massive debt has less value
Comment on Inflation?
shimdidly@lemmy.world 3 weeks ago
This meme is propaganda. The primary cause of inflation is government spending. In the wise words of Milton Friedman, “Every budget is balanced… If you want to know the real government budget look at inflation.”
CaptnNMorgan@reddthat.com 3 weeks ago
Knock_Knock_Lemmy_In@lemmy.world 3 weeks ago
The primary cause of inflation is a massive increase in the money supply
DragonTypeWyvern@midwest.social 3 weeks ago
Sure. The 20% inflation since 2024 is why food prices have doubled.
Knock_Knock_Lemmy_In@lemmy.world 3 weeks ago
During the last federal election on Nov. 3, 2020, food inflation was running at just 3.9% annually. Fast forward to March 2024, and the latest data shows food prices have risen a whopping 25.8% since then.
Money supply has gone from 15.5 to 21 = +35% over the same period