Where is that orange hair man????
Trump hammered the Fed to keep the Fed rate artificially low - that was the start of the current inflationary trend.
Another idiot who blames Trump. Trump had US rolling and can get US rolling again.
DJT also knew that low energy prices was one of the main keys to keeping inflation tamed.
Trump was preaching bringing jobs and industry back to the US, and keeping a secure border. I'm spitballing, but how many commodities are the illegals consuming since FJB was appointed that US citizens need?
We’ve been competing with all the folks that they threw cash at for 2 years AND 30-40 million illegals (and millions of LEGALS) to boot.
You had folks with little money, GETTING money, and folks who had plenty, getting “fun money”, too.
Hell, just look at gun prices. Everyone sitting on their azzes at home, a $2000 check shows up from Govt. You can’t take a trip. There aren’t any trucks to buy. “Hey, Ima get me a gun! What the heck, I’ll bid it up a bit higher. I didn’t have to EARN this money! It was FREE!”
Now, apply that same principle to food, housing, autos, whatever.
Apparently, it never crossed anyone’s mind that illegals gotta eat, drive, have shelter, TOO! Oh, and you just went through 2 years where products weren’t getting made in large numbers, as well.
It’s all been a perfect storm of easy money and lack of available goods, with too many people (and $$$) chasing “too little goods”. Just like Mr. Friedman, said...