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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (1421753)10/12/2023 7:06:38 AM
From: Qone0  Read Replies (1) of 1572208
 
Ten,
Inflation is constant over long periods of time. There are times it spikes. These are caused by extraordinary circumstances. The oil shock of the late 70's early 80's

In January 1980, Inflation was 13.91%, and Unemployment was 6.3%. Inflation peaked in April 1980 at 14.76% and fell to “only” 6.51% the following April. By December 1989, Inflation had decreased drastically to 4.65%, and Unemployment had declined to 5.4%.

If spending caused this, then why did more spending not cause the spike to continue?

The first is year, second row debt in billions, third debt to GDP



Now lets look at the pandemic. And the false narrative of Biden spending causing inflation.

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