That’s the common narrative around inflation. It’s wrong.
The pentagon lost (not spent, just straight up had go missing) 21 trillion dollars. Inflation didn’t spike.
I’ve studied college-level economics. I’ve worked in a shop that dealt in gold and silver. I’ve been looking into interest and monetary policy since the 2008 crash. What I’ve learned: day-to-day costs of fundamentals of living is not directly connected to interest rates. It is directly connected to what capitalists charge for them.
The CEO of Kroger admitted to price gouging. Yieldstar has been fucking up the rental market for years. Gas spikes in price during elections where a Democrat is the incumbent.
You can follow the standard explanation if you want, but don’t act like it’s a mystery how a lot of people weren’t happy.
Ok, keep feigning ignorance, I guess.