That’s due to incompetence of the Fed and FedGov. We don’t have 40 billion to give to Ukraine. I wished the two countries never had a war. But this is NOT our war.
“We don’t have 40 billion to give to Ukraine. I wished the two countries never had a war. But this is NOT our war.”
Inflation is raging here, 8%+ officially, but for food, gas, housing—essentials—it’s closer to 50%.
Fifty. Percent. Inflation.
Milton Friedman won the Nobel Prize in Economics by proving that inflation is caused Only from undeserved expansion of the money supply. Which we call, Deficit Spending.
That 40 billion will come directly out of our wallets via price increases. And part of that free money, by law, goes to pay the government salaries AND PENSIONS of friken Ukraine.
I’m done with Rs at the national level. 90% of them suck.