I find it confounding, so you don't really get to tell me what is, and is not "confounding" to me from what you have stated. You say it isn't money, yet then say it is shifting service demand to goods, as if it can be one without the other. If you dump billions into the system fiscally (again, not monetary but fiscal policy) that money has to go somewhere. You can't argue that all money is being used to pay down debt, and in the same breath go "its a shifting of service to demand of goods".
Awesome. We will get to see if Biden and Usualname's ideas bear fruit. If so, we can implement elsewhere. If not, well, I'm sure there will be a reason. Will raising taxes cause more inflation or not? Tune in!
It’s not a money problem. Banks are parking money, the consumer has transitioned from saving and paying down debt to drawing on savings and taking on debt. You need to stop unless you have some kind of measurement to point to.
You really need to understand the difference between monetary and fiscal stimulus. the Fed doing a reverse repo has absolutely nothing to do with fiscal policy.
Joe Bite Me and the democrats are in full panic. Biden plots inflation fight with Fed chair as nation worries https://apnews.com/article/biden-je...tics-economy-2b9295779a17e425d0d8da6f0f82176e "The White House, along with the Fed, initially portrayed the inflation surge as a temporary side effect caused by supply chain issues as the U.S. emerged from the pandemic." And who called the their lie? Another huge victory for Wildchild.
Janet Yellen - I was wrong about inflation. But hey, Barry Ritholtz says its still transitory - Transitory for longer. So its all good, right, Usualname?
Yes, she was wrong about the path of inflation but not the cause. Don’t think correlation equals causation. Like I said, show me your data not your theory.