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Uncle Joe

(58,365 posts) Thu Nov 3, 2022, 02:36 PM Nov 2022

When we talk about inflation, what everybody should know

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When we talk about inflation, what everybody should know (Original Post) Uncle Joe Nov 2022 OP

People are generally ignorant. BlueTsunami2018 Nov 2022 #1

What people should know is the Federal reserve actions driving it Amishman Nov 2022 #2

Twitter reply: Rhiannon12866 Nov 2022 #3

BlueTsunami2018

(3,492 posts)

1. People are generally ignorant.

Reply to Uncle Joe (Original post)

Thu Nov 3, 2022, 02:54 PM

Nov 2022

Amishman

(5,557 posts)

2. What people should know is the Federal reserve actions driving it

Reply to Uncle Joe (Original post)

Thu Nov 3, 2022, 02:59 PM

Nov 2022

The Fed's drunken asset purchasing program created six trillion dollars out of mid air. M2 money supply went from 15.5 to 21.5 trillion - roughly a 40% increase.

https://fred.stlouisfed.org/series/WM2NS

By increasing the amount of dollars in circulation, we decrease the buying power of each dollar. Inflation.

Corporate greed is a tiny factor compared to the macroeconomic pressure caused by the Fed's actions.

Rhiannon12866

(205,467 posts)

3. Twitter reply:

Reply to Uncle Joe (Original post)

Thu Nov 3, 2022, 08:49 PM

Nov 2022

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