[Stu from NYC]

Originally Posted by tophcfa

Good to see that someone else actually gets it, the root cause of the inflation we are experiencing is about 13 years of irresponsible monetary and fiscal policy. Rapid expansion of the money supply (printing $$), artificially low interest rates, and unprecedented rapid growth of unsustainable debt are why we are currently experiencing hyper inflation.

I am sick of hearing the excuse that inflation is because of Covid, supply chain shortages, or the Russian invasion of Ukraine. The biggest misleading statement is that current inflation is transitory, unless transitory means several years? All those excuses were merely triggers that set off the inevitable hyper inflation caused be irresponsibility. Because of this incredible irresponsibility, the Federal Reserve doesn’t have the tools at it’s disposal necessary to combat inflation like it did back in the early 1980’s. Not trying to be an alarmist, just a realist. An economy fueled by cheap money and debt is going to eventually crash and burn. Buckle up for a long and bumpy ride.

You nailed it. Unfortunately nobody who can do something about it seems to care about bringing the budget under control.