Inflation almost everywhere in the world was a function of excessive money printing. Whenever pundits and politicians disconnect from this economic reality, we risk making people dumber about how the economy works.Sure and Ana is correct, jobs and the economy tanked because of Covid and not Trump's fault but now if that is the case, why doesn't the right, it's rabbit hole Russia ass kissing podcasters, FOX news, Newsmax, etc. admit inflation is also the result of coming out of a pandemic?
The Fed's money printing might have been necessary during the crisis. It continued far too long in some ways to help fund Biden's post-COVID spending initiatives. The Fed has recently clamped down on the money supply and inflation has come down. Unfortunately, we are still at risk of a recession.
It's not all that mystical when you stand back and look at some charts.
Real M2 Money Stock
Graph and download economic data for Real M2 Money Stock (M2REAL) from Jan 1959 to Sep 2024 about M2, monetary aggregates, real, and USA.
fred.stlouisfed.org
By the way, Western central banks key their monetary policies off the U.S. Federal Reserve.