>>1416258
>No, I can't, can you point it out?
A glut of fiat currency + low economic activity + monetary velocity = inflation.
The stimulus checks and economic aid handed out by the federal government was saved by American citizens. The money wasn't put into circulation immediately. During this time all non-essential businesses were closed and economic productivity was slashed.
Inflation wasn't felt by the general public until economic activity increased. Movie theaters, gyms, restaurants etc opened up and people began spending money again. Once the monetary velocity increased, the full brunt of Trump's COVID spending plan was felt.

Back | Go to board

Board:

/news/

Thread:

Trump tariffs raise prices of July 4th foods, he's busy dropping bombs on Iran instead