Replying to Avatar Pleb34

Exactly. The LAG allows Trump to blame Biden, but most of the of inflation under Biden was caused by Fed monetization while Trump was President.

However, monetary inflation does NOT cause general price increases IF growth in GDP is equal to or more than the monetary inflation.
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ManĂ¡nguri 1y ago đŸ’¬ 1

So, if Trump had spent that money on infrastructure, rather than tax breaks for the rich and PPP loans, current price inflation wouldn't be as bad.

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Pleb34 1y ago

I think so.