BIDEN BROS WE KEEP WINNING JOURNOCIDE 2024

A number of reasons.

A) Deflation during the pandemic due to a rapid drop in demand for goods and services.

B) A rapid increase in the demand for those goods as the global economy opened back up, which means a spike in demand as supply was down.

C) Other factors like the chip shortages causing the price of vehicles to increase, this was about a 3rd:

In its report, the BLS highlighted in particular the sharp rise in the price of cars and trucks (10.5 percent) and said this alone accounted "for more than one-third of the seasonally adjusted all items increase."

Or:

"A significant chunk of the rise in inflation so far has been driven by a small handful of categories most directly affected by the pandemic and recent easing of restrictions—e.g. airfares, hotel room rates, car rental prices,"

Combine this with insane amounts of price gouging people are engaging in to take advantage of inflation ignorance.

The point is prices have gone up for numerous reasons that exist outside of any kind of money printing.

Anyone telling you otherwise is lying to. All I've learned from this is most Americans are economically illiterate and think inflation is only a factor of money printing and nothing else.

They're also just being incredibly misleading, like trying to cite the pandemic low for gas prices as demand was cratered and then using the increase since demand went back up to spam dumb shit about how gas prices are totally up 200%.

They asked them if they were able to raise prices beyond offsetting costs:

When asked how recent inflation has impacted profitability, 56% of retail businesses responded that inflation gave them the ability to raise prices beyond offsetting costs.

Because it's also caused by other factors.

Also knowing they're price gouging and proving they're price gouging is 2 different things.

USD is now a global currency. It would need to print tons more or lose its reserve status for monetary inflation to occur. What we are seeing is the price inflation of goods and services across currencies (i.e. non-monetary) due to massive shortages as a result of pandemic recovery. If the inflation were monetary one would only see it inside US borders. Instead, the inflation is worldwide and high no matter the currency payments are denominated in.

implying

If that were true Japan would've been fucced for a while now.

Only in the long-term, and only if goods demanded continues to outpace goods available. Recent inflation is a supply-side issue and people usually aren’t this publicly r-slurred about economics outside election years

Potentially, but it’s a long-term consequence and likely going to stay concentrated in more fixed-supply goods like housing, not food.

You should learn how things work, you'd find yourself being proven an r-slur less often.

You're just saying things that don't mean what you think they mean and have no idea what you're talking about.

You are a genuine r-slur if you think the US stimulus somehow caused global supply shocks as demand spiked due to the economy re-opening.

Like, idk how else to word it for you. it's not reality, it was never reality, and anyone telling you that it is reality is lying to you.

Like this shit is r-slurred, you guys are delusional. This is almost as absurd as the rightoid here that argued with me for 20 comments claiming keystone XL failing increased gas prices.

I think you probably should, you literally have no idea what you're talking about.

A) you're not accounting for the deflation that took place during the pandemic.

B) you're completely ignoring, for example, the fact the price of cars and trucks alone is driving a substantial portion of inflation and this is completely unrelated to money printing and more so a factor of chip shortages:

In its report, the BLS highlighted in particular the sharp rise in the price of cars and trucks (10.5 percent) and said this alone accounted "for more than one-third of the seasonally adjusted all items increase."

Or:

Greg McBride, chief financial analyst at Bankrate, noted that June's inflation would be three percent if it were compared to the same period in 2019, when conditions were normal before the pandemic. Still high, but not nearly as bad as 5.4 percent looks.

We're in the middle of a massive spike in demand for goods coming off of a massive decline in the demand for goods during the pandemic, driving supply shortages:

This spike in demand as the economy returns to normal is putting pressure on reduced supply for some goods and services, which are slower to get back to where they were.

This isn't even getting into stuff like:

Airlines are slower to get their airplanes back into service—hangared because the pandemic stopped people flying—than the rise in demand from air passengers, driving up airfares.

Or:

"A significant chunk of the rise in inflation so far has been driven by a small handful of categories most directly affected by the pandemic and recent easing of restrictions—e.g. airfares, hotel room rates, car rental prices,"

It isn't as simple as "HUR DUR DA MONEY PRINTING IS TO BLAME" The only people under this delusion are poorly educated idiots that don't have a basic idea what they're talking about, or at best have a simplistic understanding of how inflation works.

If you'd like to read more about why you're an r-slur:

https://blogs.cfainstitute.org/investor/2021/04/19/myth-busting-money-printing-must-create-inflation/

Mind the gap between rhetoric and reality, Ted Cruz does not know what he's talking about.

Prices are going up faster due to a large increase in the money supply. Pizza is the last person I'd ask about this stuff