| ▲ | chc4 a day ago | ||||||||||||||||
CHIPS was signed into law in August 2022. The yearly inflation rate for 2023 was 4.12%. Inflation, especially in the wake of the COVID-19 pandemic, was caused by an extremely large amount of different issues and chalking 9% inflation up to infrastructure spending is a wild jump. | |||||||||||||||||
| ▲ | righthand a day ago | parent [-] | ||||||||||||||||
Good thing I didn’t chalk up infrastructure spending as the only cause by stating “part”. > but also was a part of the 9% inflation Yes there are other reasons, COVID payments being another reason, which citizens were warned about. The first payment was signed by Donald Trump himself. Any time there is an increase in spending it will cause inflation. Increasing defense spending is another cause which happens yearly. | |||||||||||||||||
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