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ShinerBock
Jun 29, 2022Explorer
time2roll wrote:ShinerBock wrote:time2roll wrote:
More like get vaccinated and get back to work far more than any shutdown. I remember there would be vaccinations available to everyone and 4th of July 2021 was going to be the new freedom with 95+% of the population vaccinated.
Of course there was a lot of resistance to getting vaccinated and any mandates went nowhere. We have seen the enemy and it is ourselves ;)
The last administration printed more than any one previous or since.
But that was not the case. Many blue states still shut down or shuttered even after the vaccine(unless you were rioting). The current administration supported these shut downs and even chastised red states like mine who stayed open.
Also, as you can see in the link federal reserve showing the amount of money in circulation. The money in circulation exploded in March 2020 after the bill signed by the current administration and the amount put in circulation during the previous administration was no where near the increase in the past two years. So I am not sure how you can say more was printed with the last administration when there wasn't that much of an increase in circulation unless they destroyed trillions of currency.
Currency in Circulation
I looked at your graph.
Jan 2017 to Jan 2021 1504 to 2093 is 147 average annual increase
Jan 2021 to jan 2022 2093 to 2233 is 140 during the first year.
The pressure has been building for probably a decade.
It was not pressure building over the past 10 years. The increases in the amount of circulation coincide with the covid stimulus packages. The first few packages, the left filed it with so much pork barrel spending(that had nothing to do with covid) that the previous administration fought to remove. The next administration wanted to add even more money than what was in the bill. This spending is was caused the need to print more money.
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