December 15, 2021
I’m amazed
at people who are blaming inflation on the current administration.
Once people started buying more, after pandemic restrictions eased and people went back into the workforce, there were fewer goods available.
Fewer goods means higher prices. Remember how people grabbed toilet paper and hand sanitizer and prices went up because there was less to go around? Or think of a spring that gets really compressed: When the pressure’s off, it sproings back higher than normal before it goes back to its resting level.
Yes, the administration can try putting policies in play that will mitigate the effects; but to say that the current president is responsible for causing inflation defies the basic economics lessons people (should have) learned in high school.
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