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popcap200@lemmy.ml ⁨8⁩ ⁨months⁩ ago

I mean, sure, we can say it’s corporate greed, but also we’ve put over a trillion dollars extra into the economy in a short span due to COVID and Build Back Better, while at the same time there were supply shortages for years, plus record low unemployment causing a raising of wages, all without the fed reacting quick enough by increasing interest rates sooner. We’ve got every textbook condition for an increase in inflation rates.

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