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Inflation erased U.S. income gains last year

(www.wsj.com)
177 points JumpCrisscross | 1 comments | 09 Sep 25 19:44 UTC | HN request time: 0s | source
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argentinian ◴[09 Sep 25 22:18 UTC] No.45190101[source]▶
Do people in the U.S. have a good understanding of the causes of inflation?
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dennis_jeeves2 ◴[09 Sep 25 22:31 UTC] No.45190271[source]▶
No.

To me the answer is very simple, the primary (not sole) driver is govt printing currency indiscriminately.

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throwawaymaths ◴[09 Sep 25 22:41 UTC] No.45190393[source]▶
It's more complicated than that (lending also increases the money supply) though you're right that "printing money" loosely speaking is the primary irreversible driver.
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dennis_jeeves2 ◴[09 Sep 25 22:46 UTC] No.45190456[source]▶
Of course the printed money has to be put into circulation ( either lending or spending by the gov)
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1. somewhereoutth ◴[09 Sep 25 23:06 UTC] No.45190694[source]▶
In modern economies, banks create money by originating loans. The government controls this process with various policy levers.