Michael F Schundler
1 min readJun 3, 2022

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The current inflation is being driven by both to much money being injected into the system at a time supply was constrained due to supply chain issues, bad energy policies, labor shortages, and declining productivity of workers.

https://abcnews.go.com/Business/wireStory/us-fourth-quarter-productivity-revised-decline-42-76249461

Covid assistance was needed in the Spring of 2021 for a small number of Americans especially small business owners. But stimulus checks to every American was like pouring gasoline on a fire, when the economy had already been booming for two quarters.

Normally, imports help to buffer excessive government spending by absorbing excess monetary and fiscal stimulus (funded from the future incomes of taxpayers). But that was off the table as an option long before the stimulus package was passed.

Simply said, Biden's administration screwed up and even now refuses to pivot to fix the problem. We need to shift the focus within America to maximum production of goods and services especially fossil fuels and food until green energy can replace fossil fuels at competitive costs (probably 20-30 years in the future) and global food supplies can adjust to the loss of grain from Ukraine and Russia.

Excuses for why Biden's administration is not to blame is not going to cut it with the American people. They don't care how the problem happened, they care about how the President is going to solve them... so far, they are not inspired.

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