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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 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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