Once again Lisa Benson demonstrates her lack of understanding of basic economics.
BECAUSE OF BIDEN’S ENORMOUS SUCCESS in re-opening the economy, people have money in their pockets and demand for getting life back to normal is rising. Investment markets are up, employment is up, production is up and the economy is booming.
BECAUSE OF THE BIDEN ECONOMIC RECOVERY, there is a surge in consumer confidence and consumer demand, but after 16 months of being closed down due to TRUMP’S FAILURE TO HANDLE THE PANDEMIC, the supply chain has dried up. IT TAKES TIME for the supply chain to catch up with the rise in consumer demand.
In the meantime, there is a TEMPORARY imbalance in supply and demand, resulting in a TEMPORARY price imbalance that will self-correct as the supply chain catches up.
Do economic ignorati like Lisa really not see the difference between a TEMPORARY supply/demand/price imbalance and an actual rise in inflation? Or are they just trying to make up imaginary problems because they can’t find real ones now that Trump is gone?