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Biden's America

Danny Bateman

By Danny Bateman,
in Politics & Religion

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Archy1221 Defensive Coordinator

Archy1221

Posted
Posted
24 minutes ago, BigRedBuster said:

I’ve been chuckling all day about how ridiculous this statement is.  Wow.  

 


 

https://www.nytimes.com/2022/10/19/briefing/inflation-britain-united-states-europe.html

 

 

So what happened? It helps to think of inflation as two related crises instead of one. In the first, global disruptions from the pandemic and Russia’s invasion of Ukraine prompted inflation to spike around the world. In the second, some countries — particularly the U.S. — also made inflation worse for themselves through domestic policy decisions. In today’s newsletter, I’ll explain both.

 

https://www.thepublicdiscourse.com/2022/07/83410/


Furthermore, some of the core inflation in Europe is, in fact, the result of the United States being able to externalize some of the inflationary costs associated with its monetary policy. US stimulus money has allowed Americans to spend an additional $600 billionon goods since 2020. This excess spending coincided with the world’s supply chain issues, which led to higher prices worldwide. By contrast, Europe’s demand during this period fell below its pre-pandemic levels. Europe is essentially absorbing part of the inflation produced by the United States without receiving the short-term purchasing power benefits of its monetary stimulus.

 

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funhusker All-American

funhusker

Posted
Posted
38 minutes ago, Archy1221 said:

 


 

https://www.nytimes.com/2022/10/19/briefing/inflation-britain-united-states-europe.html

 

 

So what happened? It helps to think of inflation as two related crises instead of one. In the first, global disruptions from the pandemic and Russia’s invasion of Ukraine prompted inflation to spike around the world. In the second, some countries — particularly the U.S. — also made inflation worse for themselves through domestic policy decisions. In today’s newsletter, I’ll explain both.

 

https://www.thepublicdiscourse.com/2022/07/83410/


Furthermore, some of the core inflation in Europe is, in fact, the result of the United States being able to externalize some of the inflationary costs associated with its monetary policy. US stimulus money has allowed Americans to spend an additional $600 billionon goods since 2020. This excess spending coincided with the world’s supply chain issues, which led to higher prices worldwide. By contrast, Europe’s demand during this period fell below its pre-pandemic levels. Europe is essentially absorbing part of the inflation produced by the United States without receiving the short-term purchasing power benefits of its monetary stimulus.

 

Why are we blaming Biden for Trumps stimulus?

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