• leoj@piefed.zip
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    4 days ago

    I feel like its also a big part of the reason inflation took off like crazy after his first term (some of the spending was a good idea due to Covid, but he spent on a lot more).

    Really wishing I had bought gold when it was cheap…

    • douglasg14b@lemmy.world
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      4 days ago

      To be fair, most of the inflation that we saw is just corporate greed.

      Which is clear given record corporate profits over the last several years. Year over year.

      • Jhex@lemmy.world
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        3 days ago

        To be fair, most of the inflation that we saw is just corporate greed.

        There is nothing “fair” about this point. The government should be there to level the playing field, if corporations are getting too greedy, a tax hike could tone them down. The gov is entirely complicity either because they are too corrupt or too inept to set the rules (in the case of the Orange Pedophile, it’s both)

        So yes, Corporate greed is a problem, but that does not “free” the gov from responsibility

    • minorkeys@lemmy.world
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      4 days ago

      Yep. Every dollar printed causes inflation. Every dollar destroyed caused deflation. Trump is only interested in creating money for himself and exchanging it for other things of value. The dollar tanking is irrelevant once the money he prints is exchanged for other assets which hold their value against the inflation he’s causing to buy things.