jusplay4fun wrote:
When was inflation the worst in the past 10 years? I know this will be a shock to Duk, but Blame Biden:AI Overview
Over the last 10 years (2015-2024), the US inflation rate has fluctuated, with a notable increase in the latter part of the period. From 2015 to 2020, inflation was relatively low, averaging around 1.7%. However, in 2021 and 2022, the inflation rate surged, reaching 7.0% and 6.5% respectively, driven in part by the pandemic and supply chain issues. By the end of 2023, it had moderated to 3.4%, and by the end of 2024, it was 2.9%, according to Investopedia.
Pretty clear evidence. From your own quote, inflation was 7.0 as the start of the Biden administration, due to the insane Trump deficits. Declined steadily throughout the Biden years, as more rational management took hold. By the end of the Biden years, inflation had reached 2.9, still not at target but a large part of the way there.
Biden got a completely crazy fiscal situation from Trump, gradually tamed it, and then had to give it back to Trump. Now inflation is rising again. Should be a total disaster by the end of the 2nd Trump debacle.
Thank you, JP, for posting clear evidence that disproves your own theory.
