Re:Summers: Inflation Reached 18% in 2022 Using the Governme...
by chiefalchemist on Saturday April 13, 2024 @09:15PM
(#40027824)
> There are good reasons to hold politicians to task for recent abnormally high inflation.
Well, maybe 25% for the budget deficits. The Fed is responsible for 75%. They keep over-goosing the economy. They keep saturating the money supply. That devaluing is what inflation reflects. That is your money is worth less (and appears like prices going up).
Well, maybe 25% for the budget deficits. The Fed is responsible for 75%. They keep over-goosing the economy. They keep saturating the money supply. That devaluing is what inflation reflects. That is your money is worth less (and appears like prices going up).