Printing hundreds of billions of dollars is also inflationary. Governments change but the impact of all this takes a very long time to flow through the economy.
Except American was in a structural slump similar to but not quite as bad as japans lost decade which meant that interest rates were stuck as near 0% percent. The inflation caused by Covid actually broke that cycle and American was on a much better path. Go look at articles from the last year of bidens term in the economist and financial times. The US had achieved a soft landing by bringing inflation down to within fed targets while avoiding a recession. We were the envy of the world. Income inequality was reducing, real wages were increasing for the first time in generations and productivity vs wages were converging.
Now we’re back to chaos and inflation and wage stagnation.
Yep. Biden handled this gracefully. And i can confirm internarional envy.
The part gggGP doesnt seem to grasp is, the fiscal hawks seeking to cut taxes and regulations etc. are strong and old lobbies around both parties and thats why you can see a trend. Some elected officials are just less susceptible than others and trump is a giant jackpot for the parasites, but so was reagan back in the days.
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