this post was submitted on 14 Feb 2024
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I mean, sure, we can say it's corporate greed, but also we've put over a trillion dollars extra into the economy in a short span due to COVID and Build Back Better, while at the same time there were supply shortages for years, plus record low unemployment causing a raising of wages, all without the fed reacting quick enough by increasing interest rates sooner. We've got every textbook condition for an increase in inflation rates.
Don't forget the PPP where Trump refused to sign it if it had proper oversight.
That is very true! I'm very salty Trump was able to just do that, but I couldn't get my student loans deleted. :l