Posted on 02/19/2021 12:39:24 PM PST by ChicagoConservative27
Olivier Blanchard is worried that the Biden administration’s proposed $1.9 trillion covid relief bill is too large and risks igniting unwanted inflation.
Blanchard, a Frenchman, is not exactly a household name but he is one of the world’s leading economists. His work is said to be the most cited of any living economist. He was the chief economist at the World Bank from 2008 through 2015. He’s a professor emeritus at MIT and a Senior Fellow at the Peterson Institute for International Economics.
(Excerpt) Read more at breitbart.com ...
Too B?
or not Too B?
That is the question......................
I wonder how much 25,600 refugees invading Texas are going to cost, not a penny to their name. Americans to get 1400 dollars, refugees to get 14,000 dollars each. /s
Democrats will gorge themselves on deficit spending until they and their supporters are sated...or until voted out of power. Then they will be put on a high-calorie diet of deficit spending by the GOP until they get back into power.
I always thought PhD stood for post hole digger, who knew.
I thought I heard Xiden had another $3T infrastructure
stimulus plan on the back burner
To use a cliche from the past, inflation is the cruelest tax of all.
Has anyone in Biden’s inner circle ever stopped to think, that an enormous economic stimulus will occur, when all these states which are still locked down, can reopen their economies????
It’s not as if the only way to revive the economy is to pass multiple multi-trillion dollar stimulus bills in Washington, DC.
When your only tool is a hammer, everything looks like a nail.
“Olivier Blanchard is worried that the Biden administration’s proposed $1.9 trillion covid relief bill is too large and risks igniting unwanted inflation.”
Alinsky’s rules for radicals:
3.Debt – Increase the debt to an unsustainable level. That way you are able to increase taxes, and this will produce more poverty.
Piled higher and Deeper
You’ve got other economist worrying it’s not big enough. One way or the other we’re going to find out.
Biden and the Dems want inflation and to bankrupt America. The objective is communism/socialism, the former if they can get it.
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