Posted 4/23/2022 13:50 (#9627848 - in reply to #9627805) Subject: Covid, Trump and Biden stimulus, Green Economy energy constraints.
FA11 - 4/23/2022 13:08
So you really think inflation is a light switch. You just walk over to the wall and turn it on.
You might want to take a couple online economics classes.
Most of the economist quoted in this article that Bidens economic stimulus programs are responsible for upwards of half the current inflation. They determine this by comparing US inflation to Europe
But Europe is also held hostage by green energy policies and its dependence on Russia natural Gas so that may mask some of Bidens policy impact.
In this country we have grown our dependence to.. up till now.. cheap natural gas from the fracking revolution.
With the Texas freeze up in February of 2021.. natural gas users... fertilizer companies etc.. have struggled to catch up.. and we have supply shortages yet today.