John Delaney 🇺🇸

@JohnDelaney ↗

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Last Checked April 3, 2023

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Sat Jan 14 17:54:22 +0000 2023

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John Delaney 🇺🇸 @JohnDelaney

Thread on inflation. Prior to covid the world had a structural supply glut, which is disinflationary. During covid we stimulated and increased money supply, which is inflationary. Restarting a shutdown economy caused supply chain issues, which is inflationary. — PolitiTweet.org

Posted Jan. 14, 2023

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John Delaney 🇺🇸 @JohnDelaney

Inflation wasn't purely transitory but recent data indicates that there was likely a larger transitory component to it than assumed by the inflation hawks. — PolitiTweet.org

Posted Jan. 14, 2023

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John Delaney 🇺🇸 @JohnDelaney

During covid people saved a lot and post covid they spent big, which is inflationary. Energy prices went up b/c of Ukraine (inflationary) & now down (disinflationary) Reshoring/energy transition is positive but inflationary Fed raising rates/reversing QT is disinflationary — PolitiTweet.org

Posted Jan. 14, 2023