>>16665802 (/lb)
Breaking911: PRESS SEC. JEAN-PIERRE: "The President understands what the American people are going through. He understands that gas prices are high because of Putin's Tax Hike."
Anon votes this as the most cringe statement on economics ever in the history of official WH statements.
The residents of the WH have gone completely insane.
I've seen a lot of 'allow yourself to believe' dialectic inversion of shills arrogating themselves to read the minds and 'understand' what is allegedly in the minds of the people of on this site, name shaming and other sourceless statements.
But to see the Biden WH make a public statement that shows they're trying to redefine the word 'taxes' to deceive the population into associating the USD inflation which Putin doesn't control, (Anons know who controls the currencies :) ) to their "current thing" antichrist persona overseas that everyone is supposed to blame.
Demand and Supply are factors that mathematically determine PRICES.
Prices = Demand / Supply
Demand in the aggregate is the total payments in money for all that is paid for. Can use nominal GDP.
Supply in the aggregate is the total goods and services produced that is likewise sold for money. Can use real GDP.
The ONLY way that prices in the aggregate can keep rising and rising and rising and rising and rising, as they have, is either higher nominal demand, or lower supply, or both.
The federal reserve (which anons know who really controls), which sits on its own land immune from us laws, is solely and exclusively responsible for the quantity of money and spending in the aggregate economy. They determine the rate of inflation and deflation of the money supply by the rate they set in 'lending' money created out of nothing, charging interest to the US government, and thus all taxpayers who must pay taxes out of their LABOR incomes to pay the interest to the lenders who create the money out of nothing.