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Why was there (essentially) no inflation during the entire
Posted on: January 27, 2025 at 09:56:52 CT
Spanky KU
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Obama and Trump administrations?
Was there (essentially) no increase in money supply or was there a corresponding increase in productivity that offset the increase in money supply?
https://www.investopedia.com/us-inflation-rate-by-president-8546447
Barack Obama (2009–2017)
Average YOY Inflation Rate: 1.4%
The average year-over-year inflation rate under President Barack Obama was 1.4%. Inflation remained relatively low during Obama’s two terms in office.
Having inherited the economy during the Great Recession, Obama introduced the American Recovery and Reinvestment Act (AARA), passed by Congress, and included $831 billion in government spending to end the Great Recession.
The move, part of what’s now known as Obamanomics, was controversial at the time, with its role in ending the 2008 financial crisis still debated today.
Donald Trump (2017–2021)
Average YOY Inflation Rate: 1.9%
The average year-over-year inflation rate under President Donald Trump was 1.9%. Inflation remained low during Trump’s presidency.
When the COVID-19 pandemic hit in 2020, bringing a brief but severe recession along with it, the Trump administration declared a state of emergency and passed stimulus measures such as the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in an attempt to provide relief to individuals and businesses.
The economic policies followed by the Trump administration are now known as Trumponomics.
Was there (essentially) no increase in money supply or was there a corresponding increase in productivity that offset the increase in money supply?
https://www.investopedia.com/us-inflation-rate-by-president-8546447
Barack Obama (2009–2017)
Average YOY Inflation Rate: 1.4%
The average year-over-year inflation rate under President Barack Obama was 1.4%. Inflation remained relatively low during Obama’s two terms in office.
Having inherited the economy during the Great Recession, Obama introduced the American Recovery and Reinvestment Act (AARA), passed by Congress, and included $831 billion in government spending to end the Great Recession.
The move, part of what’s now known as Obamanomics, was controversial at the time, with its role in ending the 2008 financial crisis still debated today.
Donald Trump (2017–2021)
Average YOY Inflation Rate: 1.9%
The average year-over-year inflation rate under President Donald Trump was 1.9%. Inflation remained low during Trump’s presidency.
When the COVID-19 pandemic hit in 2020, bringing a brief but severe recession along with it, the Trump administration declared a state of emergency and passed stimulus measures such as the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in an attempt to provide relief to individuals and businesses.
The economic policies followed by the Trump administration are now known as Trumponomics.
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Why was there (essentially) no inflation during the entire - Spanky KU - 1/27 09:56:52
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