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Topic - WORST President EVER
Posted: July 12 2018 at 2:08pm By DeepThinker
Originally posted by Satori Satori wrote:

Inflation jumps 2.9 percent in largest annual gain in 6 years

Okay a bit of perspective to go with that number.  I don't like inflation either but you do know... by historical norms that is a relatively low number.   Also the primary cause of our inflation is irresponsible government spending.   Every dollar they spend that they don't raise in taxes has a direct impact on inflation.    You can blame the last several administrations for this problem.

The fact that that this inflation is kicking in now... is actually a good sign.    It shows that the economy is turning around.   Generally speaking economic growth is the trigger for inflation while deficit spending is the cause.

Would you rather have nominal inflation but an even worse economy?

MTA: Funding personal consumption through credit also contributes to inflation but IMO government debt is a much bigger driver.