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May 15, 2024
9:25:25am
PROBcoug Playmaker
No rational economist will deny that Biden pushed inflation higher but if they are rational they won't deny that Trump
contributed to the high inflation as well. Yes, it took time for inflation to increase as prices are sticky and lockdowns impacted the ability to spend, but Trump clearly played a role in pushing inflation higher. I haven't seen a rational argument to counter the fact that Trump's stimulus bills put TONS of money into households when the problem wasn't a consumption problem but a production problem (and an ability to spend during lockdowns). Once people could start spending the money from both Biden and Trump, prices started to spike like crazy. Both are terrible at fiscal policy.
PROBcoug
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PROBcoug
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Apr 2, 2002
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Jun 20, 2024
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