Top economist says most US inflation ‘could have been avoided’

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[–]SMCAB 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Nah, they printed more money than ever with an interest rate of zero for decades. It was always going to happen.

[–]at_finn 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Well this is what the people wanted. They would rather completely destroy this country then have mean "tweets".

[–]Drewski 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

El-Erian said that most of the inflation “could have been avoided if early action had been taken” by the Fed

Inflation is caused by the Federal Reserve, not controlled by it. This could have been avoided if Andrew Jackson had permanently killed the Fed in 1832.

[–]IkeConn 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (1 child)

Well they elected Biden anyway.

[–]TarBaby 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Anyone who voted for Biden is a fool. Trump warned us this would happen if Biden was elected.

[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It could have been avoided by not spending money we don't have, sure. Failing that, it was impossible.