Originally posted by: Kevin Lewis
Charles will weasel. Just look at his language..."set by" Biden. The same old conservitard bleat that Biden caused inflation.
I've asked this question many times before, and of course all our conservitards have weaseled away from it, so I challenge stupid fucking Angry Charles directly to answer it: If Biden was responsible for inflation during his term, why wasn't that inflation experienced ONLY by the US?
Angry Charles can't answer that!
Of course I can answer that question. You think that inflation just emerges occasionally from the primordial ooze? You think it's a natural phenomenon like a tornado and governments have no role in it? No one is responsible? No one is accountable? Of course, that's completely wrong but convenient for your narrative. Real inflation (a general rise in prices) is created by poor fiscal, monetary and regulatory policy. Like pumping trillions of extra dollars into the economy when the economy was quickly recovering from the pandemic and approaching full employment. Or imposing a costly regularory environment on business, especially energy related business.
Here... Educate yourself. Read all about it from the Democrat former Secretary of the Treasury Larry Summers in his stark 2021 warning to the Biden Administration to pump the brakes on stimulus. Instead, they doubled down and gave us a 40-year record inflation. Note that our inflation rate was far greater than any other top industrial nation during that period of 2021-2022. Yes…Joe Biden was a world leader in something.
Larry Summers sends stark inflation warning to Joe Biden | CNN Business
Or better yet, listen to Nobel Prize winning economist Milton Friedman explain how inflation in the US is made in Washington.
(Milton Friedman - Only Government Creates Inflation
So to answer Kevin's question: "If Biden was responsible for inflation during his term, why wasn't that inflation experienced ONLY by the US?" The answer is: “Nobody claimed Biden was responsible for inflation everywhere in the world and not every country in the world experienced significant inflation. Only you said that”.
All those countries that did experience inflation have their own fiscal and monetary policies. They did their own stimulus packages. They ran their own money printing presses overtime. We actually made it a little worse for them, because the US dollar is the world's reserve currency and they all keep large sums of dollars to participate in international trade, our dollar's loss of value contributed to their inflation, but not as much as their own faulty economic policies.
Now, If you want to debate this, I’m happy to do that…BUT before I’ll continue this or any other conversation with you, I want you to answer a question…I just answered yours. I want to know why you feel it’s important for you to be so nasty and personally insult those you disagree in virtually all of your comments? Does it make you feel important? Were you bullied in grammar school or something? It’s really immature and makes you look pretty foolish and sad.