BasileusLeoIII t1_iuizso1 wrote
Reply to comment by dc122186 in Editorial: Better bet: Despite turbulent Senate race, Oz better prepared to lead by User_Name13
cannot believe that people are unironically pushing this narrative
that companies have somehow gotten together and utterly beaten centuries of microeconomics, shifting the supply/ demand curve across the nation to raise the prices they charge for goods and services
No, inflation is currently being caused by the unprecedented and untenable amount of money the Federal Reserve is printing, or put more succinctly, the Money Supply
Absolutely reckless federal spending, and a skyrocketing deficit due to tax incomes not even approaching spending rates, are causing inflation, coupled with major supply chain issues
The dollars in your bank account are worth relatively less, because there are suddenly so many billions more of them in circulation
Dryheavemorning t1_iuj1pwa wrote
>Absolutely reckless federal spending, and a skyrocketing deficit due to tax incomes not even approaching spending rates
Japan spent comparable amounts on Covid stimulus and also runs a big deficit but doesn't have bad inflation at all.
TiberiusDrexelus t1_iuj23b1 wrote
...excuse me?
>Yen’s 24% Plunge Is Crisis Warning World Can’t Ignore
[deleted] t1_iuj3h5o wrote
[removed]
a-german-muffin t1_iujdyix wrote
>Since the late 1990s, a succession of governments favored a weak exchange rate to boost exports. Tokyo is now losing control over the yen as the Federal Reserve hikes rates.
It ain't just the last two years tanking the yen.
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