The Two Leading Causes Of Inflation


Inflation, growth of food sales, growth of market basket or consumer price index concept. Shopping basket with foods on arrow.

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In his inflation address, while looking especially constipated and sounding especially confused, President Biden rumbled, bumbled and stumbled through his speech which started with blaming two factors for inflation. The pandemic and Putin (this was prior to his saying Rick Scott is from “a problem” from Wisconsin and “mega-Republicans” are bad hombres or something like that). Now, given that you’re more informed and cognitively sound than the President of the United States, you know that the pandemic nor Putin are responsible for 40-year high inflation, that Rick Scott’s from Florida, and that its MAGA, not MEGA (though there is a case to be made that making America great again would have the potential to make earth great again). Anyway, he did stumble onto the truth at one point when, as he seemed to have no clue what he was actually saying, he said “we have no plan” to combat inflation. That said, there are two leading causes of inflation today but they’re not the ones he mentioned.  


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