Jeff Snyder
👤 SpeakerAppearances Over Time
Podcast Appearances
And spending.
Who locked down on Trump's side?
2020?
Two weeks to flatten the curve?
That was in Trump's watch.
No, the repeated emergency pandemic measures, that was absolutely devastating.
That's where really the price changes came from.
Because what happened is you had the economy starting to come back from the lockdowns, so there was more demand that was rising.
But at the same time, supply, the supply side of the economy was hindered
by all those emergency measures and logistics.
So the government printed more money.
Not money printing.
Not money printing.
What happened was it's called a supply shock, which is an imbalance between demand and supply.
So you have demand and supply that completely plummeted during the lockdowns.
When they came back, demand started to come back, but supply couldn't.
It was restrained.
People were home.
They couldn't work.
We couldn't get stuff shipped from overseas.