Alberta’s child makes an interesting point. Traditionally inflation is defined by too much money chasing too few goods. But when 40% (estimates vary) of all the US dollars in existence have been created in the last 12 (estimates vary) months, and the pedophile-in-chief keeps proposing exploding suns worth of “stimulus” then no matter how many goods are available...we’re so screwed. Other policies like infinite unemployment benefits will serve to drive up wages. Ongoing shortages due, not to supply, but to transportation issues in the ports, will make goods scarce. And, just the fact that we have people in charge who are actively trying to destroy America will tend to destabilize the economy.
If someone wanted to destroy America, what would they do different from the current administration?
I agree. Quit the stimulus crap...it’s not needed any more. Also, a lot of Biden’s economic policies have “ripple effects” where pulling one string over here is actually attached to a spider web over there. Case in point: His absolutely STUPID move to kill the Keystone Pipeline. He did that on his first day in office and snuffed out 11,000 jobs directly, including 8,000 union jobs. He also yanked oil leases on Federal lands and offshore drilling. The result was almost an instantaneous increase in distillate fuel prices. The result has been about a 40% increase in the cost of moving input/output across markets. Those policies ripple through the economy and won’t go away unless someone who still has one neuron firing reverses those decisions.
So why would he do that? First, he’s an economic dimwit. Second, he protects some very BIG contributors to his election. Warren Buffet owns the railhead that moves crude oil from North Dakota oil fields to the refineries in the Mississippi Delta. The Keystone Pipeline would have killed that rail route.
My guess is that some of his other stupid policy moves are to repay other interested parties, including China. BTW, why isn’t Hunter in jail right now. Indeed, why isn’t Joe sitting beside him in jail?