They’re doing something right. My IRA keeps climbing.
That’s a good thing,..so why does the right think they are wrong?
#MeToo.
The first taste of MMT (Modern Monetary Theory, a dressed-up name for inflation driven by overspending) is sweet for those who have assets, because the asset markets (stocks, real estate) are liquid, and prices get pushed up there first.
Later, it's not so great, as workers realize they've been hosed by inflation and demand compensatory increases. Then you get cost-push inflaton. If you're lucky, it stops when you get a leader strong enough to clamp down and take the inevitable recession (Volcker, Reagan).
If you're unlucky, well, there's the extreme case of Weimar Germany.
Your IRA will need to keep going up to offset—even if only partially—the costs of energy, housing and food they’ve caused to go through the roof.
But not to worry, by the time you get ready to spend those inflated dollars the dem state will come along and outright take ALL of your IRA, claiming it’s not fair you should have an IRA when millions of their constituents have nothing.
You’ve worked hard all your life to get that IRA to provide you an annuity of $5,000 per month, but the dems will say that’s too much risk for people like you to take. They will take your risky $5K and GUARANTEE you $1,000 per month. Enjoy your security
I never tied my portfolio performance to who sits in the White House. You are giving the government way too much credit here.
We are in a time of great innovation - actually a revolution that will someday be taught to our grandchildren in much the manner the Industrial Revolution was taught to us.
What I'm saying is that Calvin Coolidge never got the credit for automobile, airplane and electrical industries. And why should he?