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by curiousgeorgio
1432 days ago
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> I thought the current inflation is primarily driven by high energy prices and disrupted supply chains and those are primarily driven by war and the pandemic? Nope. You'd be wrong. It's the trillions of dollars unnecessarily printed by the fed. A large part of that went to business owners who didn't actually need it, but took advantage of all the "free money" (and who could blame them when the gov't practically gave it away). That money was quickly invested into real estate and equities markets, leading the way for inflation in the rest of the market, albeit with some delay. And we're not even at the worst yet. |
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