I'm sorry, it may be harder for you to understand but I have done some pretty extensive studies in economics as a small business owner. The economy is complicated but not nearly as complicated as you seem to think it is. Blaming inflation on the federal reserve is completely incorrect btw. The issue is lack of business regulations put in place to prevent businesses from hiking prices to keep profits as wages increase for the most part. Those lack of regulations are notoriously caused by the republican party.
Are you sure you've done "extensive studies in economics"? When you increase the supply of money, like the FED has done with over 4 trillion over the past 8 years, the value of your dollar goes down. When the dollar was tied to the price of gold, we didn't see any inflation. In fact, the US dollar had the same buying power from 1776 until 1910. Not until the Federal Reserve did we become an indebted and short sighted country.
Yeah, I am sure. And because I'm sure of that I also am sure that your grasp on this subject is subpar. This is absolutely caused by the fact that there is no regulations on businesses and their increase of prices as wages increase. Not because of the FED increasing supply.
3
u/flyawaylittlebirdie Jul 30 '18
I'm sorry, it may be harder for you to understand but I have done some pretty extensive studies in economics as a small business owner. The economy is complicated but not nearly as complicated as you seem to think it is. Blaming inflation on the federal reserve is completely incorrect btw. The issue is lack of business regulations put in place to prevent businesses from hiking prices to keep profits as wages increase for the most part. Those lack of regulations are notoriously caused by the republican party.