mogabi@fanaticus.socialtoPolitics@lemmy.ml•Republicans Say Inflation, Crime, and Immigration Are Out of Control. The Numbers Disagree.English
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1 year agoFear mongering is a political strategy for all types of politicians, not just conservatives.
The 2023 inflation numbers the article cites are still high. Just not as high as the previous year. I only have to go grocery shopping, go out to eat, and look at car prices to see there’s been plenty of inflation the last few years.
There was a huge increase in the money supply during COVID. This was bound to impact inflation, as it has. Corporations can’t just raise prices unless there is money to chase it. And there was. Here’s the chart:
https://fred.stlouisfed.org/series/M2SL
Biden and the Democratic leadership aren’t solely responsible for this, but they aren’t blame-free either.