Both options crush the economy. Not sure if one is worse. We are boxed into a corner. The only thing they seems to want to do is let inflation run until they kill demand which will lower prices. It’s going to take a long time and in the meantime, get ready for mass layoffs.
” kill demand”
What does that mean? Do I not eat out (actually don’t do that much), no vacation, no new car or just what?
Yep.
“The only thing they seems to want to do is let inflation run until they kill demand which will lower prices. “
Individuals destroyed.
Institutions survive.
Popping the bubble...the old fashioned way...would destroy the institutions too.
We’re talking a smoking ruin.
Inflation is a simple tax pushed upon us without Congress participating. Deficit spending is the worst crime that our leaders have punished us with. Every dollar spent by the government that is borrowed takes away the value of current money. It should be a punishible crime.
Inflation is a simple tax pushed upon us without Congress participating. Deficit spending is the worst crime that our leaders have punished us with. Every dollar spent by the government that is borrowed takes away the value of current money. It should be a punishible crime.