Anonymous #2 10w

The real question

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Anonymous #4 10w

you do realize the inflation was global because of the aftermath of COVID right?

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Anonymous #5 10w

inflation spikes (peaking at 9.1% in mid-2022) hit after Biden's massive $1.9T American Rescue Plan that flooded the economy with extra stimulus on top of supply disruptions. Economists from MIT and others have shown federal overspending was 2-3x more responsible for the 2022 surge than supply chains alone.

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Anonymous #5 10w

Gas climbed to $5+ a gallon under Biden going from low $2+ while under Trump from 2016-2020.. Blaming 'global COVID aftermath' is a cop-out when Biden's policies poured gas on the fire. Literally.

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Anonymous #4 10w

what paper are you citing?

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Anonymous #5 10w

also, prices began to stabilize by the end of bidens term

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Anonymous #4 10w

nvm, I found it. yeah, federal spending was partially responsible, but denying the role of supply chains is a huge mistake. it’s also completely arguable that the spending was necessary to prevent evictions, recession, etc during COVID, as many economists have shown. idk about you, but I’d take less purchasing power over being homeless

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Anonymous #4 10w

The gas prices were a different issue than inflation, crude oil prices rose largely to conflicts which would be hard to argue at all that Biden could have prevented. I was wrong about COVID being the cause yeah, but inflation or spending wasn’t the cause of the gas prices either

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Anonymous #5 10w

Very respectable take. While I was typing what I did I also found myself thinking; you know it’s not all political either, entrepreneurs have their own weight and why inflation was caused, which I don’t blame them either because they saw opportunity and adjacent possibles and took advantage of it.. any decent company with a good business model would do the same thing.

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