Not really because if you look at "national debt" it's mostly loans for mortgages, vehicles, and retirement plans. This is called public debt and overwhelming majority of that is and always has been paid back.

So true. The academics and the Keynesians took over and started what was a very basic and easily understandable concept.

I really wish the education system would do a better job explaining inflation. Even relatively educated people don’t seem to understand it.

I Agree

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Because many have fiat (by decree) currencies, rather than gold standard. Money is not the issue it is it's comparable value to others often based on natural resource, rule of law, stable governance, thus Nordic currencies are expensive and many other regimes that are viewed as corrupt often link their currency to a stable one or the world reserve ie the US dollar . This is still problematic. Bottom line in a world of mercantile markets there are winners and losers, the winners have a trade surplus and the losers have a trade deficit. On a planet with a limited free resource supply, this is a problem we have yet to solve for the future generations. Not about left or right, just survival.

Printing more money doesn’t create more money. Printing more money just decreases the value of the currency. Just ask Zimbabwe, Venezuela or the German Weimar Republic. When there isn’t a lot of currency floating around, the currency becomes stronger such as Kuwait

They say that it adds in achieving price stability. They don’t want to assume deflation or the liquidity in the market, that actually is their real job, will dry up. To buffer the system with liquidity for growth they set an arbitrary figure, 2%. One spokesman said “Modern economic theory says that inflation expectations are an important determinant of actual inflation,” that to me seems a self fulfilling prophecy,but oh well that’s just me.

This well articulate comment is true 9 months later.

biggal People like to eat, drink, have a place to sleep and keep their stuff. They need money for all of that.

rskrilly It is the highlight for sure.

Always an asshole in the Wings

Exactly, other countries have much higher inflation. But people will still blame biden.

It actually does have to do with every president whose money policies inject money into the system (printing cash) without taxation. This causes inflation. The only question is how much? During covid we infused 158 billion into the economy which is slightly over 7% of the normal circulation of money in 2021-2024. Then if you add the excess trillion in make work programs of the so-called inflation reduction act that adds more. So if throwing cash from the presses to the market in search of a home cause a reduction in inflation (thus the name) why couldn’t it cause inflation? Most economists say it will. In fact, that is how politicians these days tax without raising rates. That is bad for reelection. They garner capital by stealth. IE inflation. They print. But he does confirm one thing though, government caused inflation even if you don’t put a name to them.

He’s definitely been one of the absolute worst presidents when it comes to inflation in recent times but it’s worth noting this is not a republican vs democrat issue it’s a govt vs people issue. Both voting bases need to come to this realization otherwise the status quo will remain

Like magic

We’ll be in a full on recession when he enters office and all of his supporters will believe he “fixed the economy”. The GOP knew it would go down this way. Try explaining this to his supporters though. You’ll get nothing but glazed over, puzzled looks

Like reality

Big companies have more control of inflation than anyone else.