You morons have no understanding of even the most basic fundamentals of economics.
I've shown you the causes of the high inflation time and time again.
It's very simple.
Inflation was caused by a sudden drop in demand due to the pandemic, followed by a tremendous surge in demand afterward.
It was also caused by the Fed holding interest rates too low for too long.
Consumer expenditures (demand) rose to an all time high after the pandemic.
When the pandemic Trump completely bungled abated, all that pent up demand spiked, and it overwhelmed the supply chain which had collapsed during the pandemic.
Add to that all the Trump and Biden stimulus which added trillions to the money supply.
Due to the demand surge, we had a sudden, massive increase in the velocity of all that money.
Basic economics, but apparently too complicated and too many moving part for most partisan hacks to understand. So, "BECAUSE BIDEN!"
Sadly, the MAGAs have been deliberately dumbed down over decades by their propagandists to the point they have the intellectual bandwidth of a bumper sticker. Everything is "BECAUSE BIDEN!"
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