https://www.cnbc.com/amp/2022/07/15/millennials-are-to-blame-for-sky-high-inflation-strategist-says.html

"See, what everyone is not including in the conversation is what really causes inflation, which is too many people with too much money chasing too few goods," Bill Smead, chief investment officer at Smead Capital Management, told CNBC's "Squawk Box Europe" on Thursday.

"So we have in the United States a whole lot of people, (aged) 27 to 42, who postponed homebuying, car buying, for about seven years later than most generations," he said.

Damn, Millennials are just not good with economics

  • BowlingForDeez [he/him]
    ·
    2 years ago

    which is too many people with too much money chasing too few goods

    I agree, Trump's corporate bailouts and PPE loan scams gave the bourgeoisie too much money which they hoard by buying up stock instead of investing in the economy. This huge injection of money which was only used to keep rich people afloat was surely the biggest contributor to inflation.