And as I wrote in another story, inflation never backtracks and goes down. It is cumulative. That’s why people who say idiotic things like “Inflation needs to go down” do not understand how our money system works. It never goes down. The RATE of inflation may go down, but the cumulative effect is already baked in. Biden’s team knew this. They screwed us. Inflation is baked into the entire supply chain. Disinflation is the only way out — and NOBODY wants that.
Democrats did give us inflation. With in six months after Biden election, food prices took off. At one of the few press conferences Biden ever gave over his term. While getting hammered by reporters,Jen Psaki stepped in to save Corn Pop. Her statement was this inflation will be seasonal? The inflation never slowed down. I agreed with this trend, making Joe Biden A Man For All Seasons!
And as I wrote in another story, inflation never backtracks and goes down. It is cumulative. That’s why people who say idiotic things like “Inflation needs to go down” do not understand how our money system works. It never goes down. The RATE of inflation may go down, but the cumulative effect is already baked in. Biden’s team knew this. They screwed us. Inflation is baked into the entire supply chain. Disinflation is the only way out — and NOBODY wants that.
Democrats did give us inflation. With in six months after Biden election, food prices took off. At one of the few press conferences Biden ever gave over his term. While getting hammered by reporters,Jen Psaki stepped in to save Corn Pop. Her statement was this inflation will be seasonal? The inflation never slowed down. I agreed with this trend, making Joe Biden A Man For All Seasons!