Analysis: Inflation recovery stalled by Trump-era economic policies
By
Jacob Weindling
17h ago· 10 min readenOpinion
100/100
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Summary
The article argues that inflation, which began rising in late 2021 due to supply shocks and loose monetary policy, would have been nearly resolved by now if not for the policies and actions of Donald Trump. It presents a critical view of Trump's economic impact, suggesting his leadership has prolonged inflationary pressures that were already being addressed.
Key quotes
· 3 pulledIn November 2021, right as Dogecoin reached a $36 billion market cap—one larger than Halliburton's, Estee Lauder's and The Hartford's right now—the Bureau of Labor Statistics returned an October inflation report confirming a trend that would shake the financial world to its core.
In the midst of an easy-money bonanza, the bill for nearly two decades of greed had come due.
Inflation driven by a historic supply shock was ripping through an economy that held interest rates far too low for far too long.
We would be in an entirely different economy if practically anyone other than America’s worst human was president.
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