It is disingenuous to hang it on Biden alone - Tumpy printed money with the best of em. And I would assert, still does, and still will.
This problem is endemic to big.gov - Not democrat vs. republican. Both. ALL.
The solution is , as always, way, way, way less government.
small.gov has little need to print money.
While I agree about the money supply, Biden was an egregious offender (or whoever was at the reins).
Consider every action taken by the Biden Administration to hamper the exploration for and production of Oil and Gas, as if batteries were going to replace the feedstock for fertilizer. Fuels jumped in price, and when you raise the cost of fuel, the cost of everything it is used to produce and transport goes up, too.
While that is only part of the problem, in the food chain, it intersects production (fuel, fertilizer) at tilling, planting, harvesting, transport, processing, transport, packaging, transport, and even when you go to the store or have it delivered. Add in panic disruptions due to this bug or that quality issue, and prices jump higher. Blame global warming if one must, but no rain means no fodder, and the herds will be cut as an adjustment by all but the most flush (farming is often done with thin reserves; many farmers take out 'production loans' to even get a crop planted or to buy heifers for breeding.
But where it really hurt is in the tremendous amount of fraud involved when Government starts throwing around a lot of money. Minnesota is just one place where it has been noted, and doubtless there are dozens, if not hundreds or thousands of other instances where money that was supposed to help people through tough times ended up diverted to the pockets of crooks and politicians and political entities which backed (naturally) even more fraud and the money to fund it.
Until the 'money supply' is reduced, as in paying down the debt, we will be in the unenviable position of having to pay incredible amounts of interest just to 'service' the debt. It's like having a large credit card balance and making the minimum payment: most of it goes to interest, only a little to pay down the actual amount owed--a rat trap, I thankfully escaped this past year--at the start of the year I was paying a couple hundred a month in interest, now I pay the bill in full each month and pay no interest. It took a bit of austerity to get there, but it's done.
With so many people out there heavily leveraged through credit card, auto loan, and mortgage debt and paying hundreds of dollars a month in interest (money they effectively lose, because all it buys them is time for their debt), Americans from the top to the bottom need to tighten their collective belt and reduce the amount they are in thrall to the banksters.
Keep in mind that my credit score is well over 800, so the interest rates I was paying are at the low end of the spectrum. The high end is nearly double per dollar owed per month, which would have made it much harder to pay off the five figure debt I retired.
Now consider trillions of debt, with 'money' floating around that never should have been borrowed, and the whole problem gets worse, especially when much of that money never went where it was supposedly going, and the money that did (EBT, Medicaid) only fueled higher prices in vital sectors that the rest of us had to pay on our own, even as we paid for the largesses (pun intended) shuffling down grocery store aisles and eating better than we could have dreamed of.
When we were kids, most poor folks were skinny. Now we have the fattest poor people in the world.
