Quote:
Originally Posted by ChrisTee
Have you looked at the money supply?
Unbelievable. The Federal Reserve increased the money supply higher than ever over the past 4+ years (QE started earlier but ramped up so much over the past 4+ years).... they've created so much money it's unbelievable. Unbelievable. In the form of mortgage backed securities (that are sold on the stock market! And purchased with taxpayer $ Hello!) and selling Treasuries.
The mainstream media doesn't hardly report this, but it is public record. Look it up under Federal Reserve money supply, or see the recent papers written by professors at Harvard, Stanford, etc. Our government keeps spending - regardless of party - they spend and spend and are "printing Monopoly money" to pay for it. Seems like we're in deep - too deep?
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Yup, the media doesn’t report the root cause of inflation. They blame it on the pandemic, supply chain issues, the Russian invasion of Ukraine, etc…. Sure, those things all contribute to inflation, but extreme irresponsibility by the Federal Reserve and out of control deficit spending by the government since around 2008 is the real cause. Unfortunately, the same reasons for the cause are also the reasons inflation is not transitory and will be a long term burden.