Inflation is the scary thing. When all this monetization becomes real money (as people get serious jobs—it’s got to happen or the nation ends), the price increases we’re seeing now will be the “good ol’ days.”
One of my professors explained to me that monetizing the national debt in Weimar...I think in 1930, but don’t call me on that date...initiated 170,000% annual inflation.
And their liabilities were LESS than ours in comparison with our respective GDP’s.
I’m not an economist, by far. Perhaps kissing up to our communist enemies and trading American workers for slaves is good for American workers. Maybe the Free Traders are correct. All I know is that CEO’s are the scum of the earth, and Perot was right.
Communist! /sacrasm