Inflation was done on purpose to deal with the debt growing. Then they lost control of things. Hubris. The economy is not a machine where you can throw levers and push buttons and get it to do what you want. Read Hayek on this issue, his Nobel Prize win address sums it up.
Edit to add, they ramped up gas prices on purpose, to push a "green" economy.
The fed caused the original great depression and they cause this issue with their qualitative easing printing. They never lost control, it was the goal from the start, stop believing their bs about not know X would happen.
Both.
Inflation was done on purpose to deal with the debt growing. Then they lost control of things. Hubris. The economy is not a machine where you can throw levers and push buttons and get it to do what you want. Read Hayek on this issue, his Nobel Prize win address sums it up.
Edit to add, they ramped up gas prices on purpose, to push a "green" economy.
What effectively sustains ones ignorance? The suggestion of others to blame.
The fed caused the original great depression and they cause this issue with their qualitative easing printing. They never lost control, it was the goal from the start, stop believing their bs about not know X would happen.