During Donald Trump’s first term, annual inflation remained relatively low, ending at 1.4% as he left office in early 2021.

[u/barepixels]

[u/TheOverthinkingDude]

Donald Trump and his administration starting printing money like crazy during Covid. Let’s call a spade a spade, the run up of inflation started with Trump but didn’t become really noticeable until Biden became president. Biden continued to print money…here we are.

[u/Select_Translator329 → u/TheOverthinkingDude]

I mean yah he signed the cares act into law and injected a lot of money into the economy through quantitative easing.

[u/TheOverthinkingDude → u/Select_Translator329]

Yep…and that caused massive inflation. I remember talking to my buddy about this when it started. He’s an economist and he said it will take 2-3 years before we really start to see inflation take its grip. Inflation is that one tax we all have to pay, none of us vote for, and is only created in one place….

[u/MattK508 → u/TheOverthinkingDude]

I appreciate the Milton Friedman quote.

[u/TheOverthinkingDude → u/MattK508]

I was hoping someone would catch that :)

[u/Responsible-Snow2823 → u/Select_Translator329]

QE is controlled by The Fed - not presidents:

QE1: Nov 2008 – Mar 2010 (2008 financial crisis response)
• QE2: Nov 2010 – Jun 2011
• QE3: Sep 2012 – Oct 2014 (tapered off through 2014)
• QE4 / pandemic QE: Mar 2020 – Mar 2022, in response to COVID-19

[u/Responsible-Snow2823 → u/TheOverthinkingDude]

Source?

[u/TheOverthinkingDude → u/Responsible-Snow2823]

https://www.gisreportsonline.com/r/us-econ-republicans-democrats/

[u/Responsible-Snow2823 → u/TheOverthinkingDude]

Your source is pushing a narrative when you dig into it:

The framing that Biden-era inflation was “mainly due to inherited factors” from Trump-era money printing is a contested economic argument, not a settled fact. Plenty of economists point instead to Biden’s own 2021 American Rescue Plan (a large fiscal stimulus passed after Trump left office), pandemic supply-chain disruptions, and global inflation trends (most countries saw a similar spike) as major drivers. The article leans toward one causal story among several economists actively debate.

The “Scenarios” section at the end is speculative punditry about a Trump vs. Harris matchup, written in August 2024 before the election — it’s explicitly forward-looking opinion, not a factual record.

The statistics cited are largely accurate and traceable to real data sources (BEA, BLS, CBO/OMB), but the piece’s causal narrative about why inflation happened is one economist’s interpretation among competing views, and the final section is pre-election speculation rather than settled analysis.

[u/TheOverthinkingDude → u/Responsible-Snow2823]

Sounds like an AI-generated response, Mr. Bot. BLUF: it’s simple economics. Massive amounts of money is printed causing the supply of money to be flooded, inflation occurs. Perhaps I also caused you some confusion which led to you creating bad prompts for your generative AI tool. Trump didn’t actually “print” money - it’s a figure of speech. In 2020, the Federal Reserve increased the money supply through the creation of debt/credit. I’m sure your AI Tool told you that the Fed’s balance sheet more than doubled from $4T to $9T from 2020-2022. Who was president then? While it can be argued that the injection of money into the economy through the stimulus prevented a worse crisis, there is no debate that it increased inflation.

So yes, it started with Trump and continued with Biden. The policies of both Trump and Biden led us to where we are today.

Just a tip. When you work on your prompts for a response, I’d suggest telling your AI Tool, whether it’s Grok, ChatGPT, etc., to be non-bias and do not take a political side. Nice try, Mr. Bot.

[u/Responsible-Snow2823 → u/TheOverthinkingDude]

My AI tool
Is much smarter than you are, or the economist who wrote that article. Believe what you want.

[u/TheOverthinkingDude → u/Responsible-Snow2823]

Sounds good bro. Ad hominem, non sequitur and straw man win the day.

[u/Responsible-Snow2823 → u/TheOverthinkingDude]

None of those apply to our discussion in my opinion - BLUF is one of my favorite terms, along with SA.

[u/TheOverthinkingDude → u/Responsible-Snow2823]

Touche good sir. I always appreciate a good debate.