weatherfide
Member
- Joined
- Jan 5, 2017
- Messages
- 3,247
- Reaction score
- 4,892
Yes, partly, he signed massive spending bills that greatly increased the national debt. This is what is fueling the expanded money supply. More money chasing the same amount of goods = inflation. He didn't have to sign the bills, so he is culpable.Inflation during Biden, which was the worst in 40 years and which was a major problem also in some other countries, was largely related to supply constraints related to COVID and its aftermath including COVID related policy decisions. How much can be tied to Biden is questionable, especially when realizing it wasn’t just experienced in the U.S.:
Inflation Perceptions During the Covid Pandemic and Recovery
The Federal Reserve Board of Governors in Washington DC.www.federalreserve.gov
In other words, there would have been a rise in inflation regardless of who the Pres was. It’s on his watch, but was he actually largely responsible?