No, it’s inflation. Too much money chasing too few goods. Caused partially by years of central banks across the world injecting new money into financial markets and partially by the massive dump of new money into the consumer economy in 2020-2022.
100%. I don’t know why anyone expected anything different - we’ve been printing and printing and printing money for the last 10 years. Chickens are home, roosting.
This particular theory is far too prevalent. Corporate executives are tugging themselves silly at the sight of people blaming the government instead of the people who paid them.
That’s fucking moronic… The US government has had that money printer running since Nixon… It’s just garbage all around regardless… even though they are and have been some slightly less garbage parts
Prices are going up because people are willing to pay higher prices than they were. We still have not found a new ceiling. It’s not “all the money printed by Trump” that caused a giant spike in inflation (that only played a small part). It’s record profits in a variety of industries convincing anyone and everyone to charge more.
No, it’s inflation. Too much money chasing too few goods. Caused partially by years of central banks across the world injecting new money into financial markets and partially by the massive dump of new money into the consumer economy in 2020-2022.
100%. I don’t know why anyone expected anything different - we’ve been printing and printing and printing money for the last 10 years. Chickens are home, roosting.
It’s amazing it worked for as long as it did, actually.
This particular theory is far too prevalent. Corporate executives are tugging themselves silly at the sight of people blaming the government instead of the people who paid them.
That’s fucking moronic… The US government has had that money printer running since Nixon… It’s just garbage all around regardless… even though they are and have been some slightly less garbage parts
Look at the Feds balance sheet (or the ECBs balance sheet) over time and then tell me that again.
Too much money chasing too few goods?
Wrong. Supply is fine.
Prices are going up because people are willing to pay higher prices than they were. We still have not found a new ceiling. It’s not “all the money printed by Trump” that caused a giant spike in inflation (that only played a small part). It’s record profits in a variety of industries convincing anyone and everyone to charge more.