Inflation was caused by decades of fiscal irresponsibility by all the federal government, Democrat and Republican alike. The chief responsibility lays with the fed and their mostly independent leadership, but its clearly the consequence of third way neoliberalism that has been pumping trillions into the economy to artificially stimulate growth. And while Biden has done it since taking office and so did Obama, also so did Bush before him, and the biggest spurt of money printing occurred under Trump- a covid response he reluctantly agreed to, clearly not in line with his preference for having an economy move along under its own power like his first three years and generate real growth to offset the funny money. If Trump had actually gotten what he wanted, we wouldn't have lockdowns and the economy grind to a halt, so we wouldn't have this inflation show up later. But he didn't get what he wanted, and he championed the money printing approach when it became his political necessity, and this is the consequence. Nobody can be absolved of blame here, except maybe Peter Navarro and we're ready to burn him in a wicker man

its 2 phased. phase 1, willingness to tank the economy. phase 2, willingness to take on banks and wallstreet.

MAYBE, and thats a big maybe, Bernie would have cleared phase 2, but you dont get there without clearing phase 1. and a subphase is willingness to lower fed spending, and that's laughable. biden and trump both failed the main phases.

you are an idiot. trump increased the deficit each year while boasting the economy was "Roaring" your inabiility to criticize your orange lord results in you looking like a complete idiot.

trump pushed for lower interest rates the moment he stepped in office.

also, way to fail to mention trump's tariff war's impact on supply chains.

man you people really are demented.

Inflation is skyrocketing right now because 1) crazy government spending and 2) the war in Ukraine.

Biden is directly responsible for the war in Ukraine and it is clear that the consequences of initiating this proxy war were known in advance, meaning it is intended to inflict this upon the world at this time.

Why did it take from 1776 till 1913 to even create a Central Bank? USD backed up by gold is a great idea to prevent inflation. Thus preserve our work and gives us freedom to control our buying power. The ability to print and control money supply is a form of stealing/indirect tax from the people. Over 100 years of inflating our money and savers are losers.

All fiats will reach to the value of zero, eventually. The only way to prevent this is, having a strong flow of money by spending and keeping flow of business and stop inflationary spending. If prices hit too high, then the cash flow stops, the US economy will crash.

This post was edited by Tarisus on Jun 10 2022 10:24am

You arguing with someone who spent his life online watching MSM. Notice how all he talk bout is TRUMPTRUMPTRUMP. Dude got mentally destroyed by Trump and can't come back from it. It's all he think bout. Must be weird as fuck to know him irl.

hey timmy, what do you want to eat for diner?
timmy: ITS ALL TRUMPS FAULT. GOSH I HATE TRUMP!

He prob think Biden did a good job thus far like the good little democrat he is.

I can't stand people pro politics. They usually the most retarded in a room.

>You can't blame one man
>Why did orange man do this

Chose one

Inflation is a lie. Up until about 1980, inflation was a gauge for maintaining the same standard of living. They changed how it's accounted for, and now it's "general price levels" and includes fucking Alan Greenspan's "substitution effect" (if people can't afford steak, they buy hamburger). Well, due to the miracle of compound interest over the last 40 years, steak became hamburger, which became pork, which became chicken, which became bologna, which became dog food.

30+ Years of nato expansion and a 2014 coup are the direct fault of the president as of jan 6th 2020.

Biden was VP when Obama ordered Victoria Nuland to overthrow the Ukrainian government with assistance from the CIA.

He also profited financially off of business deals in the country post-coup, Hunter was famously investigated by a Ukrainian prosecutor for being on the board of Burisma holdings.

To say he had nothing to do with the coup is false.

Furthermore, the Biden admin had a chance to engage in diplomacy with the Russians in December of 2020 but refused to do so. They literally had a chance to stop the war but didn't. This was very much intentional.