Government greed caused inflation, for the record

“…silly to be mad at corps for wanting to make a profit. . . in this case, it’s actually demagoguery meant to convince the masses to carry their pitchforks to the wrong castle.” https://t.co/QUbOdDq2qT

— Rand Paul (@RandPaul) May 24, 2022

FEE’s Hannah Cox writes, “For those unfamiliar with the real causes of inflation, there’s actually a basic recipe that tends to repeat in cycles in the US. The government gets greedy and wants to live beyond its means, promising all manner of special favors and services in exchange for votes that enshrine the political power of politicians. They pass spending bills we don’t have the money to afford. And then, in response, the Federal Reserve prints new dollars. This leads to more dollars chasing fewer goods—fewer goods, in this case, thanks to lockdowns, trade wars, and tariffs that have stagnated the economy. Boom, inflation.

It is unsurprising that the left and many on the right do not want to cop to this fact and discuss the true causes of inflation. It is, after all, their pet projects that created the problem.”

Read the entire column.