Rye Catcher
Platinum Member
- Nov 21, 2019
- 12,780
- 7,608
- 940
- Banned
- #101
Statement: "It's Biden's fault because who ever is running him these days doesn't have the first clue about economics! We're in this situation because of that...something that even someone like Larry Summers was warning about LONG before it happened!"With all due respect, Dragonlady? Your ignorance of basic economics is shocking! Inflation isn't caused by "price gouging"...it's caused by too much money chasing too few goods! When you pump trillions of government money into an economy that you've burdened with supply chain issues that kill supply...then you are going to get massive demand with scant supply...and THAT is the classic recipe for inflation!
It's Biden's fault because who ever is running him these days doesn't have the first clue about economics! We're in this situation because of that...something that even someone like Larry Summers was warning about LONG before it happened!
Response: Of course those of us who understand reality were blaming fiscal conservatives and not being fiscal responsible: Bridges fall, tunnels collapse, damn fail and flood, and our electric grid is vulnerable to failures and fires.
What those who kick the can down the road don't understand to rebuild or replace our rusting infrastructure decide cutting taxes are a better way to get votes.