Quote:
Originally Posted by Superpro
Unfortunately the issues are global. Not looking beyond your own back yard is the beginning of the problem. Doubtful that any government in power, in no matter which country could do better. At the end of the day, they're all clowns. That's why we call them political "parties". You can't have a party without clowns!
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Utterly wrong. It is current government policy driving inflation, period. Without question. The best reason to study history is that you can find the the stupid ideas currently in vogue today have already been tried, and failed miserably. History teaches us that government spending drives inflation. Not interest rates. The government has literally poured a couple of trillion dollars on the inflation fire in the last two years, and inflation has gotten substantially worse, every time. In fact, until the government poured money into the economy, inflation was relatively low. But they decided to spend trillions, increase the debt, and wreck the fossil fuel production, increasing the cost of fuel and energy more than 75%, and driving the cost of transportation of goods to double. Further, EVERY tax increase in corporations immediately results in an increase in prices paid by the end consumer of the goods and services, as corporations view taxes as a cost of doing business, added to the product. The current congress and current administration have done nothing but drive inflation higher. They plan to continue to do so, there's even more spending being proposed right now, including billions of dollars in "loan forgiveness".
Oh, and I use my real name. If you wish to discuss this further, have the integrity and temerity to put your real full name on what you say, or don't waste the band width.