You say agree to disagree, but I stated above Biden was also to blame. So that means you believe Trump wasn’t also to blame. So using your own sources, here is the summary from them during Trump’s first Presidency. Why people don’t understand that inflation never shows up immediately, I’ll never understand. It’s completely obvious.
1. Lawrence Summers
In 2020, Summers (former Treasury Secretary) cautioned that the Trump tax cuts (2017) plus emergency COVID stimulus created risks of overheating once supply recovered.
He later (in 2021) became the loudest critic of excessive stimulus in the Biden era, but his warnings built on the idea that the U.S. had already primed the pump with Trump-era fiscal expansion.
2. Olivier Blanchard
(former IMF chief economist)
Blanchard warned in 2020 that the scale of COVID stimulus (Trump-signed CARES Act, $2.2 trillion in March 2020) was “larger than necessary” and could lead to inflation once demand rebounded.
His point was that fiscal packages were not just relief, but also injected huge demand capacity.
3. Douglas Holtz-Eakin
(former CBO director, conservative economist)
Criticized Trump’s 2017 tax cuts and 2020 stimulus for dramatically increasing deficits without long-term growth offsets.
He flagged the inflation risk, even if it didn’t show up immediately due to depressed demand in lockdowns.
4. Jason Furman
(former Obama economic adviser, Harvard economist)
Supported emergency spending in 2020 but also warned about lagged inflationary risks if fiscal and monetary policy stayed loose as the economy reopened.
He noted that the Trump-signed relief checks and expanded unemployment benefits were unusually large compared to past crises.
5. Federal Reserve Voices
While Jerome Powell (Fed Chair) emphasized in 2020 that the priority was stabilization, Fed minutes from mid-2020 reflected concerns that the size of fiscal stimulus under Trump could “eventually be inflationary” once bottlenecks cleared.
Some regional Fed presidents (like Robert Kaplan of the Dallas Fed) flagged that a surge in government spending would likely push inflation higher in a delayed way.
So like I said earlier, people need to stop blindly following “their team”. And you are one of the worst offenders of that. You are a smart enough person, like many others, to hold these politicians accountable for their behaviors, but why you don’t, I’ll never understand. When a politician is doing stupid things, it should be pointed out.