Folks at the Xiden White House have referred to inflation as a “high-class” problem. Now, when I took ECON 101 many decades ago, I was told that the cause of inflation was too much money chasing too few goods. Of course, the Build Back Better scam will pump even more fiat money into circulation, so that would suggest that inflation would accelerate even more if Xiden’s plan were to pass.
But what if all that money had no goods to chase after? Would that break the back of inflation? Is the supply chain disruption seen as so potentially beneficial by the people in the Administration that they’re willing to tolerate late delivery of their treadmills?
Or are they thinking at all?