mrpoops t1_j1b4zbb wrote
Reply to comment by BufferUnderpants in Leaked internal document shows Amazon expects a soft landing for the US economy and little chance of a recession, a rosier outlook than many other forecasters by Sorin61
https://cdn.factcheck.org/UploadedFiles/12-month-percentage-chan.png
Russia was the gas station for Europe and a big chunk of Asia. When fuel prices go up it’s more expensive to do everything.
I’m not exactly sure how a couple 1400 checks to everyone 2 years ago would keep inflation at 10%…
If you flood the economy with free cash and it’s causing inflation there would need to be a corresponding increase in consumer spending.
That didn’t happen.
BufferUnderpants t1_j1b6y4o wrote
Alright dude, whatever, you win, there's alternative facts and theories that the establishment keeps secret from everyone as to why inflation happens.
mrpoops t1_j1b7zbo wrote
It’s not complicated. The US sending out $1400 checks 2 years ago didn’t create inflation in other places, like Europe.
A global market collapse, (mostly Chinese) supply chain issues and a war in Europe that’s still happening are way more obvious answers….
I dunno what to tell ya. Economists are biased and say whatever matches their worldview. Bottom line is there needs to be a mechanism for this stuff…and giving a couple grand to people years ago now isn’t gonna cause 10% inflation now, across the entire western world…
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