Comments by "Greg Greg" (@SlowhandGreg) on "Prices surge and President Joe Biden's ratings take a hit" video.

Food inflation isn't caused by the increase in money supply, you could blame consumer spending on luxury goods for that. Its caused by scarcity along with increases in supply chain costs The economy is expanding at its faster rate since 1980 the Fed has already announce an end to Tapering they will also raise rates. The balance to be struck is to keep the economic boom that is under way maintaining high employment while introducing interest rates that will stymie inflation growth. A small amount of inflation is actually good for the economy (3.5-5%) it shows that wages are growing with inflation at say 1-2% your into a place where wage growth is low and there's a level of stagnation in the system.
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@beluga2342 seeing as your running around with your hair on fire over this I'll just point out why the current sudden increase in inflation isn't connected to the money supply (that's not to say that it won't cause issues in the future). The bulk of US wealth is in the hands of the 1% that figure hasn't changed with the increase in money supply, they don't know what to do with their money already bar becoming Space tourists. As someone reasonably well off nearing retirement my 401 has been blasting away well beyond inflation that additional wealth is locked up till I retire and a part of that additional wealth is generated by cheap money and fed easing but its not entering the economy for a few years yet. Corporate America appears over the last number of years to be addicted to low interest rates and a low wage economy with the labour shortages increasing wages especially at the bottom the economy is readjusting put on top of that fossil demand.
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