mrmatto
Autocross Champion
- Location
- Jacksonville, FL
- Car(s)
- 2024 GTI DSG
I don't disagree with any of that. But the notion that stimulus in 2020 is to blame for the huge inflation we're seeing right now across the entire globe is just silly. I was merely citing that this is a global issue caused by global supply chain issues.As for "printing money" the FED controls the US monetary supply, and does specifically order printing, (the treasury actually prints it) typically by purchasing bonds (although there are other triggers) in order to increase inflation. QE was when this happened on a massive scale in 2008-2009 in order to prevent deflation. The FED also uses its power to set interest rates to control economic cycles. Right now, the fed is slowing its bond purchases and signaling that it expects to start raising interest rates in 2022 (likely summer, but nothing set yet) in response to current inflation. One of the reasons cited is that inflation is outstripping economic growth, due in large part to stimulus plans introduced in response to COVID.
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