Quote:
Originally Posted by tophcfa
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.
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You got it. The current inflation is very much about the money supply. M2 is way out of control and directly related to the inflation we're experiencing. Inflation is well over 8% and the value of the US dollar is eroding - losing value every day. It may not end that well for some, and it will hurt our kids. We all know the government can't just spend $ and print $ forever - it will retard and then collapse the economy at some point.