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Originally Posted by Grlzrl
Inflation for May was 5%. It's the regressive tax there is. Biden hurting the poor.
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Biden has nothing to do with it.
Quote:
Originally Posted by Corascant
The US Federal Reserve has basically become a criminal organization, ...
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Newsflash: The Federal Reserve does not and cannot cause Demand-pull Inflation, nor can it do anything to halt or mitigate it.
Quote:
Originally Posted by Corascant
The level of inflation right now is reaching nose-bleed levels.
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Panic much?
I guess it's a good thing you weren't alive in the 1970s or you'd have bled to death.
Let's have a quick Economics lesson for the non-starters.
Prices are determined by the Supply & Demand of goods, services and resources.
When the Supply of goods, services and resources exceeds Demand, prices stagnate or drop. Likewise, when Demand for a particular good, service or resource decreases, prices stagnate or drop.
When Demand for a good, service or resources exceeds the Supply, prices rise, or if Demand remains constant, but the Supply decreases, prices rise.
As everyone with a brain can plainly see, the Federal Reserve has nothing to do with that.
The Locust-like Borg Americans over-consume and over-use everything, and some things are in short supply, so naturally, prices rise.
You ain't seen nothing yet. Just wait a few years. You really will have Monetary Inflation and then you can proudly and correctly scream, "
Federal Reserve!" all you want.