Switch to 10 Year view. Put your ruler on the line. You should get a bit under 18,000.
It's actually 22,000. So pretty simple maths. It's 22% inflation from simple 'printed too much money'. This is monetary policy gone wrong. Though if you zoom it, they did stop printing money and have been pulling out a minuscule amount in the last few months.
So there's 22% inflation just from monetary policy. Then you have inflation from various other sources like cancelling oil projects causing supply issues. You have carbon taxes causing pretty big harm to the food industry. Afterall I'm not familiar with any combine harvesters or tractors that get good mileage. Long story short, there's about 40% inflation locked in. If it doesnt rise above 9.1%, then it's years more of this.
https://tradingeconomics.com/united-states/money-supply-m2
Switch to 10 Year view. Put your ruler on the line. You should get a bit under 18,000.
It's actually 22,000. So pretty simple maths. It's 22% inflation from simple 'printed too much money'. This is monetary policy gone wrong. Though if you zoom it, they did stop printing money and have been pulling out a minuscule amount in the last few months.
So there's 22% inflation just from monetary policy. Then you have inflation from various other sources like cancelling oil projects causing supply issues. You have carbon taxes causing pretty big harm to the food industry. Afterall I'm not familiar with any combine harvesters or tractors that get good mileage. Long story short, there's about 40% inflation locked in. If it doesnt rise above 9.1%, then it's years more of this.