MartinSE |
04-17-2022 11:37 AM |
Quote:
Originally Posted by JMintzer
(Post 2084546)
Not everyone is as financially fortunate as you or I...
Current sky high inflation and the significant increase in gas prices (over that last 1+ year) are the main culprit...
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This is very true. I completely agree and inflation historically lags the cause by 2 to 5 years. According to some experts, the current inflation cycle (they usually come every 15 years or so) has been "overdue" for about 2 or more years. So, it could possibly have been initiated by Obama policies or Trump policies. It is highly unlikely that it was caused by Biden's policies since those started just 1 1/2 years ago. However, I did say highly unlikely. With the pandemic creating economic chaos around the world (including here) it is hard to apply traditional economic models to the current situation.
And this is an ECONOMIC reply, not a political post. I did not blame or exonerate anyone, simply pointing out that cause and effect don't happen overnight. Inflation happens, it is a thing with capitalism/socialism/or whichever we have.
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