Re:Federal Reserve raises rates by 0.75%
by ClumsyPilot on Wednesday June 15, 2022 @02:44PM
(#31757426)
> inflation was clearly caused by injecting trillions into the economy for "covid" slush funds.
It was clearly caused by supply chain collapse
> inflation was clearly caused by injecting trillions into the economy for "covid"
Yes, that juiced the demand side. At the same time, the supply side was kneecapped by shutdowns and other "mitigation" measures. More money + fewer available goods.
I agree that we can't blame this on Putin (though he's not helping), but I think the obvious reason for much of the inflation is right in front of us: people want to buy many many things, but they just aren't available in large enough quantities. The Fed injecting money into the economy is nothing new; speaking of goldfish brain, have we so easily forgotten 2008?
Re:Federal Reserve raises rates by 0.75%
by whimsicalism on Wednesday June 15, 2022 @02:53PM
(#31757581)
Easy capital means more people with the ability to demand things.
> does the "putin price hike" talking point really work on anyone?
Unfortunately, yes it does. It works very well for a significant amount of the population. I've found that there is an incredible overlap in the number of people who think Putin is to blame and those still wearing masks in public.
inflation was clearly caused by injecting trillions into the economy for "covid" slush funds.
as far as energy goes, we were net exporters until the federal restrictions started coming in, only then did we start relying on foreign production.
blaming your domestic problems on a foreign adversary is routine, but it's not accurate, helpful, or even actionable.
does the "putin price hike" talking point really work on anyone? do they think we have memories of a gold fish?