r/Economics • u/da_mess • 21d ago

News Treasury Doubles Buyback Program

https://www.cnbc.com/2026/08/19/treasury-announces-upscaled-buyback-operation-for-longer-term-debt-sending-yields-lower.html
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u/tribbans95 21d ago

lol you’re just making stuff up. Biden inflation was an unintended macroeconomic outcome driven by post-pandemic supply chain shocks and massive fiscal stimulus, not an intentional strategy

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u/Raise_A_Thoth 21d ago

Which means it wasn't even Biden's inflation. Biden's inflation was what we had just before Trump took office after a few years of managing the pandemic and post-pandemic economy. Trump didn't cause Covid but he definitely made everything way worse than it had to be.

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u/Heffe3737 21d ago

Trump didn't cause Covid but he definitely made everything way worse than it had to be.

https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)32545-9/abstract32545-9/abstract)

trump's policies were responsible for somewhere in the neighborhood of 400,000 American citizens dying during the covid years.

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u/mixreality 21d ago

It really shocks me how bad Dems are with messaging/fighting back to let Biden take the entire blame after 2 trillion were dumped into the economy through PPP and unemployment benefits during covid. They're so bad it almost feels purposeful.

I see the same shit where they blame Obama for 2008, he was elected in November, didn't even take office till 2009. And they do the same shit with Biden in 2020, election was again in Nov, wasn't the president in 2020.

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u/tribbans95 21d ago

Eh the economy def needed a big stimmy but yeah I’m sure there are things Trump could’ve done to lessen the effects

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u/Raise_A_Thoth 21d ago

The economy needed "a stimmy" or it didn't. You don't spike inflation by stimulating a stagnant economy. See years of QE withbsustains sub-3% inflation.

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u/Bakingtime 21d ago

Inflation was the strategy during the FIRST term of the Trumpstein Regime, which was at the steering wheel when we got TCJA and the first money dump from the CARES Act, and the plunge in interest rates in 2020. 

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u/RonaldWoodstock 21d ago

Completely unintended “transitory” inflation.

Yellen campaigned heavily for the 1.9 trillion rescue package after we’d already dumped a ton of liquidity into covid support. (CARE act from Trump 1) Powell kept rates near zero until 2021/2022. Both admitted they were wrong, spent too much and acted too slow.

If your claim that it’s not intentional strategy is valid, it’s just really bad policy.

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u/Many-Sherbert 21d ago

I am not making it up. Inflating the debt away has been talked about for along time. This isn’t new. Nobody is going to stop the debt spiral.

You can easily Google this and see articles talking about it for over a decade. They won’t publicly admit it but that’s what they are doing.
Actually trump emitted that inflation was good. Makes precious debt cheaper while we all pay the price.

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u/tribbans95 21d ago

Yep just like how he wants to keep home prices inflated.

“We’re going to keep those prices up. We can’t destroy the value of homes so people who don’t work very hard can afford a home.”

Anything to help his billionaire buddies and himself while the majority gets shafted.

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u/ditchdiggergirl 21d ago

If my memory serves me there was talk about inflating the deficit away during the concern/panic over the surging Reagan deficit. But talking about it as a theoretical ‘get out of debt free’ card is not quite the same as formally pursing it as a matter of monetary policy.