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Uh no.Inflation has been fueled primarily by 2 things :
1. Biden's open border policy and
2. his transition away from fossil fuels policy.
Reagan-Bush 2- Trump all cut taxes, delivered net revenue to the Treasury more than Carter-Clinton-Obama-Biden and lower gas prices.I did. His monetary policy sucked for people, but was necessary. In the end it worked but it didn’t make him popular.
Interest rates that high today may destroy us. We have had opportunities to stop the reckless spending. To many people collecting checks and benefits and not doing much work in any way. The yearly budget deficit alone may be more than the budget for the rest of things in it.It was less Carter specifically and more Voelker whom Carter had appointed. Inflation was tamed by very high interest rates. It wasn’t great. It sucked. But it had to be done.
Conservatives thinking that tax cuts are the solution to every problem is pretty shallow.
Tax cuts don’t pay for themselves. It’s conservative dogma that they do.Reagan-Bush 2- Trump all cut taxes, delivered net revenue to the Treasury more than Carter-Clinton-Obama-Biden and lower gas prices.
Tax Cuts work. Refusal to cut Government spending does not.
Your dogma is you think you have tax and tap into an unlimited supply of high income earners to pay for egregious spending.Tax cuts don’t pay for themselves. It’s conservative dogma that they do.
It’s never been true.
Uh YES. If Trump had been in office 2021-2024, we would haev had the same rate of inflation that we had when he was in office from 2017-2020. > From zero to 2.9 (lower than almost ALL of Biden's monthy rates) and far lower than Biden.Uh no.
It was fueled by COVID and COVID related policies.
Massive expansion of money supply. Massive distribution of cash to people and businesses. Pent up demand. Stopping or slowing of production.
We would have had dramatic inflation no matter who won the 2020 election.
But after Trumps tax cuts, US revenues increased.Tax cuts don’t pay for themselves. It’s conservative dogma that they do.
It’s never been true.
Yes, they work great for the rich.Reagan-Bush 2- Trump all cut taxes, delivered net revenue to the Treasury more than Carter-Clinton-Obama-Biden and lower gas prices.
Tax Cuts work. Refusal to cut Government spending does not.
Because the economy was already growing. They would have gone up more if there hadn’t been a tax cut.But after Trumps tax cuts, US revenues increased.
FALSE! The economy was SINKING like a lead ball. Have you never seen the infamous V-GRAPH ? GDPs dropping in 2015/2016 and then rising after Trump took over.Because the economy was already growing. They would have gone up more if there hadn’t been a tax cut.
Absolute nonsense. Do you have any idea how much cash the fed pumped into the economy in 2020?Uh YES. If Trump had been in office 2021-2024, we would haev had the same rate of inflation that we had when he was in office from 2017-2020. > From zero to 2.9 (lower than almost ALL of Biden's monthy rates) and far lower than Biden.
You are either a liar, or an ignoramus DUPE of leftwing media. Ho hum. yawn****Absolute nonsense. Do you have any idea how much cash the fed pumped into the economy in 2020?
$4 trillion
Not that you have any idea what this means, but here you go.You are either a liar, or an ignoramus DUPE of leftwing media. Ho hum. yawn****
You haven't heard a word I've said.Not that you have any idea what this means, but here you go.
M2
View data of a measure of the U.S. money supply that includes all components of M1 plus several less-liquid assets.fred.stlouisfed.org
They work great for anyone who works and wants to keep more of their paycheck.Yes, they work great for the rich.
