The inflation stemmed from pandemic-justified price gouging on groceries and private equity purchases of rental properties. Government absolutely could have addressed this- even just continuing pandemic level food stamps would have helped immensely, but Biden ended it.
Biden pushed to take money and support away from people so he could declare the pandemic was over.
No its not. Interest rates do effect inflation and they are supposed to be lowered due to economic pressures but trump brought them to zero after obama got them back to 3 or 4 percent and he did this before covid. Thus when covid hit lowering rates was not something else they could do. continuing food stamps would help people but would certainly have increased inflation. Now given that interest rates are not the only reason and price gouging was certainly part of it and possibly the major part. They did take action on that though by going after the gouging which is action that tames inflation rather than exacerbates it. He could not have made better moves in realtion to inflation while trump could not have made worse ones.
The inflation stemmed from pandemic-justified price gouging on groceries and private equity purchases of rental properties. Government absolutely could have addressed this- even just continuing pandemic level food stamps would have helped immensely, but Biden ended it.
Biden pushed to take money and support away from people so he could declare the pandemic was over.
That’s truth. Recognize it.
No its not. Interest rates do effect inflation and they are supposed to be lowered due to economic pressures but trump brought them to zero after obama got them back to 3 or 4 percent and he did this before covid. Thus when covid hit lowering rates was not something else they could do. continuing food stamps would help people but would certainly have increased inflation. Now given that interest rates are not the only reason and price gouging was certainly part of it and possibly the major part. They did take action on that though by going after the gouging which is action that tames inflation rather than exacerbates it. He could not have made better moves in realtion to inflation while trump could not have made worse ones.