Spending and Inflation

For those who believe the talking points that inflation is just the lingering effects of the pandemic and Russia’s war in Ukraine and have nothing to do with government spending, there is this…

The Chicago Federal Reserve released a paper that said that half of all of the increase in inflation is due to government fiscal policy. Translated, that means that the government continuing to spend so much money and pump money into the economy is as big a cause of inflation as everything else, combined.

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