Quote:
Originally Posted by Table 5
The inflation pain train started long before the war in Ukraine. The war is just the cherry on top.
And just before anyone thinks it, no, it's not all Biden's fault. The way his administration has been managing inflation/energy policy has been terrible...but it's a a culmination of years (decades?) of bad Western policy, mixed with a black swan Covid event that shook how the world does business. Yes, the war has made it worse, but even if the war would end tomorrow, many of the issues are not going away until the issues of supply are fixed. |
The uptick in inflation as shown on that chart coincides almost perfectly when COVID stimulus would have started really flowing through the economy.
It really shouldn't surprise anyone that injecting TRILLIONS of dollars into the economy would have inflationary results.