To retain their position, China and the EU responded to U.S. tariffs by devaluing their currency as an offset to higher prices.
Imported stuff from China dropped in price at the same time the U.S. dollar was strong.
From 2017 through early 2020 U.S. consumer prices were dropping.
Combine lower prices with higher wages, and you can easily see the strength within the U.S. economy.
If you wanted access to this expanding market, those foreign companies needed to put their investment money into the U.S. and create even more U.S. jobs.
The monetary policy that pumps money into into the U.S. economy via COVID bailouts and ever-increasing federal spending drops the value of the dollar and makes the dependency state worse.
China, SE Asia and even the EU purchase U.S. raw materials at a lower price.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Thursday, August 5, 2021
An Honest Explanation About Joe Biden Inflation, and It Has Nothing to do With COVID
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