Comment

Comment by WalterBright

There won't be progress on inflation until after the deficit comes down.

Edit: The deficit has come down, and then the inflation came down. Figures 1A and 2. https://epicforamerica.org/the-economy/is-inflation-the-resu...

Edit2: The reason for it is the Law of Supply & Demand. When more money chases the same basket of goods and services, the money loses value (which is what inflation is). Federal deficit spending is just that - more money dumped into the economy devalues the rest of the money.

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton