Global inflation - which was and remains higher than in the U.S. - was not caused by pandemic relief. Pandemic relief kept tens of millions of Americans from losing their homes and helped to keep families fed when the worst effects of covid took hold and forced massed unemployment heretofore not seen since the Great Depression. And how long did that last without any appreciable stimulative help from the federal government?
Are you letting Trump off the hook?
You're confusing government spending and pandemic relief. The pandemic increased M2 money supply really quickly, causing the quick jump in inflation a couple of years later (but it was bound to happen) as the government continues to spend WAY more than it gets in REVENUE.
In the short term politicians have bought votes.
Long term, you looking at decaying standard of living. See you imagine my argument is it gets bad ALL at once immediately, because you don't see history "correctly" (few do, its difficult). But that's not how to view it in the present tense;, This is a slow erosion of lifestyle, income, community, jobs etc.
This is the long term effect of deficit spending, and pumping money into a system at unsustainable rates.
We didn't see Americans starving in the streets and we didn't see an avalanche of foreclosures and evictions due to the help our government provided that ultimately went into the pockets of business owners, lenders, and landlords in lieu of the income many no longer had.
You sure?
Homelessness is on the rise?
www.npr.org
The FBI is saying crime is decreasing through estimates But
www.washingtonexaminer.com
Again the slow march started before the pandemic, it just quickened the pace of the erosion. It takes time for the cause of the issue to expose the problems.
Did you know after the 1929 crash there was two years before the "depression"? My guess is you didn't. You aren't looking at the problem as a system.
