Here are 15 or so drivers of rising prices, roughly in order. Most of the blame goes to those at the top of the list, the bottom of the list are very modest but real contributors:
Inflation Blame
1. Covid-19
2. Congress
3. President Biden CARES Act 3
4. President Trump CARES Acts 1+2
5. Consumers (overspent without regard to cost)
6. Consumers (shift to Goods)
7. Russian Invasion of Ukraine
8. Just in Time Delivery (supply chains)
9. Fed/Monetary Policy
10. Wages/Unemployment Insurance
11. Home Shortages
12. Semiconductors/Automobiles
13. Corporate Profit Seeking
14. Tax Cuts (2017) / Infrastructure (2022)
15. Crypto
Read the rest at Barry’s site now:
Who Is to Blame for Inflation, 1-15 (The Big Picture)
