Comments by "" (@tekannon7803) on "Mohamed El-Erian: Fed ChairJerome Powell is 'losing total control' of inflation narrative" video.

Once the train leaves the station all you can do is chase it. No one is to blame for the unprecedented inflation-nation America has become. Jerome Powell is doing everything he can to reign in the run-away climbing prices. Don't forget, some of the best advisers are on his team as well. What we don't want to admit is that we've never been here before and no one really has seen anything of this scale come at you with such a vengeance. What has happened is that the pandemic opened the spigot and let money fly out of the US treasury carelessly to the point where the limits of the treasury were not respected. One cannot cast blame to anyone because your Congress did what it was mandated to do: help the people. The problem is they solved the solution of people losing their livlihoods by not having a job and nowhere to find work by letting businesses fold and companies go under and factories close down. Then they sent one-off checks to help people who need regular money coming in, but it was a bandage on a major wound. What I think the government should do the next time a pandemic hits is to guarantee the payrolls for every company, every small business and all revenue sources for working people. This way the companies can come back with all of the employees back on their jobs and not having lost their homes because payments couldn't be made. What we must learn is that money is precious; you don't print your way out of a problem. By sending out trillions of dollars over and over again, what we see now is the blow-back and it's devastating. What is obvious is that capitalism is showing its ugly head once again and as it's an economic system built on accumulating wealth, only those with a sufficient amount of money will get through this inflation-hurricane and possible great-recession and market meltdown that many financial gurus are already predicting.
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