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***President Trump believes it's worth risking pain to achieve his medium-term goal of rewiring the U.S. economy. He is attempting a form of economic shock therapy, while accepting there could be collateral damage***As I have been posting for some time: There is NO WAY to reverse inflation without pain! This inflation - about 20% - also occurred in the Carter Admin and it took about 4 years of HIGH interest rates to equalize that abuse. The following result was a great period of prosperity and growth!
There is one fairly fast way to neutralize inflation: deflation. The last deflationary period in our history was called The Great Depression!
The easiest way to shorten the pain of correcting inflation is finding ways to build prosperity and encourage competition. Another temporary pain method of accomplishing this is 👉 TARRIFFS! When foreign countries make it impossible to sell American goods and products off shore, retribution may be the only relief. That path does hold some dangerous vulnerabilities... Choose the most productive path.
We will work our way out of this 'inflation' pit by working together, being patient and staying united.