General increases in prices don't occur immediately
Posted on: May 9, 2024 at 10:18:16 CT
ummmm MU
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after an increase in the money supply because the new money doesn't enter the economy in a dispersed way (it usually enters through govt, banks or into select securities).
The CPI may not have been high when Biden took office, but the general increase in prices that we have experienced over the past 3 years is the result of the unprecedented increases in money printing from April 2020 through the end of 2022.
This isn't R v. D, and it isn't the braindead puppet's fault either.
Edited by ummmm at 10:18:57 on 05/09/24