DEBUNKED INFLATION CAUSE CLAIM: Federal spending on pandemic relief like Trump's stimulus payments, small business loans and childcare credits gave consumers too much spending money, and raised demand and prices for everyone...
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However: "Inflation is global. There's been an acceleration of core inflation across every advanced economy, even the ones that did very, very little fiscal relief," he said. "And so I think the evidence linking specific Biden-era policies to the surge in inflation is just really, really weak."
https://www.npr.org/2022/06/29/1108388304/inflation-biden-fed-interest-ukraine-stimulus
Here is an excellent opportunity to TEST THE Bezos/Musk THEORY... If Prior Government Cash Giveaways ACTUALLY CAUSED Inflation... This one ought to CAUSE inflation ALSO... It's called Science... Repeat the experiment!
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How to Whip Inflation Now 2022 - Problem: The Ruling Class Has Voluntarily Selected to Raise All Prices. What's the Solution?
The People That Actually Set Prices at Corporations Do Math to Determine Just How High They Can Set Prices before Customers STOP Buying. The Goal is to Maximize Profits and, if Customers are Not Buying, the Prices are Too High and It's "ROLL BACK" Time. SO... One Way to Motivate them is to SIMPLY STOP BUYING...
My Personal Boycott is to Stop Shopping at Amazon. I Cancelled my Prime Membership and Haven't Bought Anything in Months... Of Course, This is Not a Big Deal because I Already Have Everything I Want... Jeff Bezos Has Been Behaving Badly Recently and I Refuse to Fund His Plans.
Remember: The Trouble With Taking Economics Classes is That You End Up BELIEVING the Fantasies They Teach... Watch the Film "Boom Bust Boom" Instead... MUCH More Insightful... It Starts with a Quote by Alan Greenspan, former Chainman of the Federal Reserve Speaking of the Collapse of The Banking Industry in 2008: "There was a Flaw in the Model I Percieved is the Critical Functioning Structure that Defines How the World Works... So To Speak... " - and That's Why the "Free Free Free Markets Crashed in 2008... He Believed in a Fantasy... and the Banks Lost all their Money... and Obama Magically Replaced the Money for Everyone Except Lehman Brothers... SOMEONE Had to be the Scape Goat... However, CEO Richard Fuld Personally Kept Millions of Dollars and Has Come Back to Play the Stock Market Again... The OCCUPY WALL STREET Movement was In Reaction to This Bailout of the Super Rich...
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