Monday, October 28, 2024

The Biden Inflation in Two Graphs

1. A Brief Timeline:

Key dates behind the Biden inflation

Friday, March 13, 2020: 313 days before the Biden inauguration
Wednesday, January 20, 2021: The day of the Biden inauguration
Thursday, March 4, 2021: 43 days after the Biden inauguration
Thursday, March 17, 2022: 421 days after the Biden inauguration

For Jerome Powell's inflation warning of March 4 2021 see the Wall Street Journal Jobs Summit video.


2. Following Milton Friedman:

The Quantity of Money Relative to Output (MRTO) and the CPI

For relevant quotes from Milton Friedman on the Quantity of Money and the Lag see mine of October 12, 2024.

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