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I feel the actual inflation (lemmy.world)
submitted 3 years ago by to c/lemmyshitpost@lemmy.world
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[–] -3 points 3 years ago (2 children)

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.

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  • [–] 2 points 3 years ago

    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.

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  • [–] -2 points 3 years ago (3 children)

    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.

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  • [–] 1 point 3 years ago (1 child)

    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

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