[TheOsiris]

> The Fed has been funding extremely reckless fiscal policy for two years. We literally shut the economy down and gave people checks for doing nothing. I don't think we need to reach for fancy explanations. The reason for inflation seems plainly obvious to me.

100% this. I don't understand the motivation or the logic of the people who argue against something that's so obvious

[derelicta]

Because its not universal. Lotsa European countries have decades-high lvl of inflation without having printed money.

[bsaul]

maybe not during covid, but the eu bank did follow the same kind of very generous monetary policies and super low interest rates for the decade prior, as the fed.

[UncleMeat]

Okay. So why did inflation show up globally all at once rather than when these policies were in place?

[bsaul]

i believe all government played the same game ( at least us, eu and china did), which is probably enough to impact the whole world.

A few currrency which didn't play that game such as swiss franc saw their value raised tremendously, which probably means inflation is much less an issue there.

[derelicta]

oh yeah absolutely. but we didnt get to try the whole direct-transfert that happened in the US during the covid crisis. Depending on the country, there were "technical unemployement" measures that have been applied. Basically companies reduce your working hours temporarly, and thus your salary, and your unemployment insurance fills the gap.