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Chuck Schumer Argues Spending Trillions Will ‘Ease Inflation Pres­sures’
Bretibart ^ | 07/21/2021 | Wendell Husebo

Posted on 07/21/2021 9:21:23 AM PDT by ChicagoConservative27

Senate Majority Leader Chuck Schumer (D-NY) will release a report Wednesday that argues spending trillions will “ease inflation pres­sures.”

The report, written by Moody’s chief economist Mark Zandi, claims inflation worries are “overdone,” because “much of the additional fiscal support … is designed to lift the economy’s longer-term growth potential and ease inflation pres­sures,” according to Axios

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: argues; schumer; spending; trillions
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To: ChicagoConservative27

61 posted on 07/21/2021 11:20:01 AM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. P144:1)
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To: ChicagoConservative27

Making trillions more fiat dollars will ease inflation pressures, says Schumer

Apparently to paraphrase Barbie, monetary policies are hard


62 posted on 07/21/2021 12:25:04 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: ChicagoConservative27

Printing money out of thin air creates a cascade of troubles.


63 posted on 07/21/2021 1:56:37 PM PDT by lurk ( )
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To: ChicagoConservative27

Do you suppose anyone ever told this idiot that you can’t tax your way to prosperity or spend your way out of debt?


64 posted on 07/21/2021 2:42:37 PM PDT by jmacusa (America. Founded by geniuses . Now governed by idiots.)
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To: rightwingintelligentsia

Maybe he’s been lying to himself so long that he’s actually starting to believe it. The rest of the country isn’t fooled so easily. Never heard of any nation spending itself into prosperity.


65 posted on 07/22/2021 4:08:02 AM PDT by oldtech
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To: ChicagoConservative27

Worked for Weimar.


66 posted on 07/22/2021 4:09:05 AM PDT by mewzilla (Those aren't masks. They're muzzles. )
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To: ChicagoConservative27

Both.


67 posted on 07/22/2021 4:18:44 AM PDT by Maris Crane
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