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A comment on White House deletes tweet after Twitter adds 'context' note. Parent comment

Re:White House deletes tweet after Twitter adds 'context' note by ajross on Friday November 04, 2022 @06:15PM (#33474656)
> Loose monetary policy is what enabled the US to respond to COVID in the manner it decided to.

This still fails to explain why the US is seeing lower inflation than most of the rest of the world, almost none of which has the borrowing capacity of the US federal government.

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Re:White House deletes tweet after Twitter adds 'context' note by ravel-bar-foo on Friday November 04, 2022 @06:34PM (#33474904)
The US is the world reserve currency, so in uncertain times investors in foreign countries buy dollars. This is the only reason why the US is not currently seeing inflation rates of 20 or 30% per year.

The rest of the world is not uniformly seeing inflation. I heard this morning that Canada is at 3.5%. Korea is at 6%, and this is driven by import prices, since the USD is at high demand.

Domestically to the US, it's more complicated. Boomers are retiring causing a labor crunch, but businesses are attaining record profits which just about match the magnitude of price increases.

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