Older people got a permanent 20% drop in value for their lifetime of savings with no potential for pay increases, just in the past 3 years. Much more if they want to eat.
>>>Older people got a permanent 20% drop in value for their lifetime of savings with no potential for pay increases, just in the past 3 years. Much more if they want to eat.<<<
not to be a downer, but isn’t this just the tip of the iceburg? How can the democrats keep going into debt at the rate of $2 trillion a year without offsetting that debt through inflation? Cause 100% inflation over 5 years and the debt is substantially reduced as a share of the GDP. And why stop at 100% inflation. Why not make it 300% and really shrink the debt relative to GDP.
fun fact half of US Dollars are held by foreigners. So I can see people who would think it’s a good idea to inflate our way out of this mess we are in.