General Discussion

melm00se

(5,141 posts)

21. The reality for this inflation

Tue Dec 14, 2021, 08:58 AM

Dec 2021

is that the groundwork was laid during the Bush administration. It was accelerated with the QE that ran almost non-stop from the banking crisis thru the Obama & Trump administrations.

The economic forces finally caught up because of the pandemic pressures.

IMO, if the pandemic did not bring it to a head, this would have happened normally at the next Presidential election.

Additionally, if the economy had been allowed to run normally starting in the Obama administration, we would have seen inflation but not the snowballed inflation we are experiencing (and will experience) now.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

26 replies

= new reply since forum marked as read

Highlight:

Nov CPI data shows 6.8% inflation, highest in 40 years [View all] Amishman Dec 2021 OP

This inflation has been caused by the trump Republican party. They own it. DemocraticPatriot Dec 2021 #1

I hate to be the bearer of bad news... Act_of_Reparation Dec 2021 #7

The GQP score ALL of their points by blaming the other guy... DemocraticPatriot Dec 2021 #16

The reality for this inflation melm00se Dec 2021 #21

I agree Johonny Dec 2021 #24

And nothing for retired people thanks to the Medicare premium increase dalton99a Dec 2021 #2

You have a good sense of humor. walkingman Dec 2021 #10

Nor the disabled among us CountAllVotes Dec 2021 #19

This was a spike that will come down. Freethinker65 Dec 2021 #3

I do not think prices will fall significantly, the money supply has grown too much Amishman Dec 2021 #4

Possibly. But I can also see people have found they can live with less crap they do not need. Freethinker65 Dec 2021 #5

Are you an economist? BannonsLiver Dec 2021 #12

I do have a degree in economics Amishman Dec 2021 #14

This is a discussion board. Feel free to scroll past. Freethinker65 Dec 2021 #20

Thanks for the tip, Dad. BannonsLiver Dec 2021 #23

With a larger M1 monetary stock, the velocity of money becomes more sensitive. roamer65 Dec 2021 #15

Agreed, core inflation Sgent Dec 2021 #6

I disagree Chuuku Davis Dec 2021 #8

And this is why all the talk about the booming economy is irrelevant. Drunken Irishman Dec 2021 #9

Keep amplifying GOP talking points BannonsLiver Dec 2021 #11

Why in the hell can't everybody, you and I included, Ron Green Dec 2021 #13

A vicious circle... WarGamer Dec 2021 #17

This is what I'm thinking The Revolution Dec 2021 #22

CEO pay isn't a fraction of what you'd need... WarGamer Dec 2021 #26

I won't get more than 2 percent iemanja Dec 2021 #18

I don't think we will see the Carter years again Johonny Dec 2021 #25