This has been coming for many years...ever since the Fed decided in 2008 to start deliberately manipulating the economy via the equity markets.
And one could even say it first began in 2001 when the Fed dropped interest rates NOT to fight inflation...but to stimulate the economy.
No, you have no fucking idea what you're talking about.
QE has nothing to do with inflation, and if it did, those inflationary pressures would have started IMMEDIATELY.
This is just like the lazy argument you made about how the CRA, which was passed in 1977, somehow, someway was responsible for Bush and his stupid regulators lowering lending standards 27 years later.
There was no inflation time-release capsule...inflation doesn't take years and years to occur.
There is NO LINE TO DRAW between QE and the current inflation, which is just price gouging because wages haven't inflated at the same rate as prices, and inflation AFFECTS EVERY DOLLAR EQUALLY.
There is, however, a line to draw between downplaying a pandemic and causing people to stay at home and be cautious for two years, and then all those people emerging and putting more demand into the market.
And you fucking morons should be LOVING QE because it is trickle-down, supply-side economics in its most base form...and now, suddenly you're mad about it and are blaming it for inflation? Sooooo, where was this inflation during the last decade? You would have us believe that inflation is self-realized and chose this particular moment in time to...increase?
Are you also brain damaged?
But the ACTUAL responsibility for this inflation is the MASSIVE amount of 'cheap money' sloshing around - 90+% of which is due to the central banks actions.
COMPLETELY.
FUCKING.
WRONG.
The responsibility for this is corporate price gouging and Conservative mismanagement of the country.