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Thomas Massie
Posted on March 10, 2022
Thomas Massie perfectly explained why inflation is surging
New inflation data show prices surging at the highest level in 40+ years. WHY is this happening?@RepThomasMassie just perfectly explained it https://t.co/SjwvOECFWN
— Brad Polumbo (@brad_polumbo) March 10, 2022
BASEDPolitics’ Brad Polumbo writes, “Simply put, the Federal Reserve, America’s central bank, printed trillions of new dollars out of thin air to 'stimulate' the economy during the COVID-19 crisis. All it really succeeded in doing was 'stimulating' some serious inflation.
Why? Well, when more money chases the same amount of goods, prices rise. That’s just Econ 101.”
Read the entire column.