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To: davikkm

People don’t understand the ONLY way to break the ack of inflation is high interest rates and the recession that causes.

Of course, that is true only if you have a (at least somewhat) fiscally prudent government. With $2 TRILLION annual deficits, insane government borrowing (and no end in sight), war everywhere, and annual $1 trillion interest charges, inflation will not end.

The government really screwed the pooch when it threw so many out of work in 2020 and threw $5 trillion out to the masses to stay home. This end result was very predictable. You can’t goose the money supply like that AND have a huge contraction in labor productivity without this end result.

The people really screwed the pooch when they let TPTB steal the election and install Biden.


10 posted on 12/10/2023 2:28:32 PM PST by ProtectOurFreedom (“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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To: ProtectOurFreedom

And that is the way it is. Too much money printing. Also too many unproductive mouths to feed. Illegals. They don’t come free.


19 posted on 12/10/2023 3:35:22 PM PST by Sequoyah101 (Procrastination is just a form of defiance)
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