Re4 inflation

Charlestown IN

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Hardly, Trump experienced a slowing economy due to the artificial freezes put on it mostly under pressure of the House of Reps Dems controlled under Pelosi. Although to be sure many republicans were in agreement. Inflation under his policies ran the typical 2.something percent—-for 4 years. Don’t agree at all with your statement that inflation takes years to occur. Neither does the federal reserve agree with you either: On policy of spending effecting inflation: “.. For example, the major effects on output can take anywhere from three months to two years”. So 3 months is easily within the time of Biden’s influence. Biden’s signed the 1.9 trillion dollar stimulus bill in mid May 2021, it’s now mid September that’s 4 months. No, the current inflation is mostly caused by Biden’s stimulus packages and yes a small bit of it being caused by the economy opening back up. From a recent paper in an interview with an Econ professor at Rochester Univ: “ The money will soon be gone from the Biden administration’s $1.9 trillion stimulus package. Will that help bring down inflation? Yes. That will bring down demand, which is one force behind inflation.” PS to be fair Trumps stimulus plan in Dec had some effect as well. God help us if he gets the $11 trillion infrastructure bill passed….