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H2AK119ub t1_j29eatd wrote

Reply to comment by SgtPapa in New coronavirus subvariant, XBB, now widespread in New England by uxd

Inflation is a multi-factorial problem. Constrained supply and high demand is probably a major contributing factory though.

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SgtPapa t1_j29ggfd wrote

Print money out of thin air, give everyone newly printed money, people spend newly printed money which inputs more money into circulation which decreases the value of the existing money and now things that once $1 are now $1.75.

Both parties are to blame and now the Fed needs to raise interest rates in order to curb the inflation or else it will keep spiraling.

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