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A comment on Core US Inflation Rises to 40-Year High, Securing Big Fed Hike. Parent comment

Re:Core US Inflation Rises to 40-Year High, Securing Big Fed... by mc32 on Thursday October 13, 2022 @12:06PM (#33192904)
...and then we have Newsom saying he'll provide gas rebates because gasoline is too expensive in the state where gasoline is regulated the most... and they accuse service stations to refiners of being "price gougers". Oh, well.

"We'll fight inflation with inflation causing instruments (more liquidity)!!!" "People don't have enough money; let's print more."

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Re:Core US Inflation Rises to 40-Year High, Securing Big Fed... by quickthrowman on Thursday October 13, 2022 @12:42PM (#33193437)
California does not control the Federal Reserve Bank, so they are unable to print money.
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Re:Core US Inflation Rises to 40-Year High, Securing Big Fed... by bergenty on Thursday October 13, 2022 @12:50PM (#33193537)
States don’t “print money”
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Re:Core US Inflation Rises to 40-Year High, Securing Big Fed... by nostromo on Thursday October 13, 2022 @02:58PM (#33195017)
States have been spending printed money nonstop since 2020.

Federal Reserve buys treasuries -> Federal Government hands trillions of borrowed dollars to state and local governments as “Covid relief” -> States spend well beyond their means.

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