“...how he plans to deal with rising prices.”
1. Prices are always a one-way ratchet. They are NOT going back down.
2. They cannot UNPRINT the $10 trillion of liquidity they printed.
The only thing that breaks the back of inflation is a recession. Nothing else.
There is NO PLAN and there can be no other plan than to send the economy into a tailspin for a year. But people won’t like the fact that prices are not reverting to where they were when Trump was in office.
Us retirees are really forked.
2025
They know Trump is going to win, so they will sabotage everything to make it look like it is Trumps fault. These people do not give two shits about the American people.
The bad news is . . . it is a substance created from nothingness.
When you ask people where does money come from, they will tell you their paycheck. When you find people who think deeply about it and realize Quantitative Ease is money created from nothing and loaned to the US government, but a US government entity, they generally just stop thinking about it and wave a hand and presume they must not understand something because that can’t be true.
But it is true. They do understand. We use money because the System is structured that way and we have to eat, and the System does not want you saying to yourself, “well, I have to use this to eat, but it was created from nothing and its value is determined by the imagination of counterparties”.
But that’s what it all is. $34 Trillion, and things do not fall apart because neither counterparty can endure such an outcome.
“The only thing that breaks the back of inflation is a recession.”
I agree but view it as the consequences of excessive borrowing by the Federal government’s, which is able to borrow without providing collateral.
By this trickery the government has provided the money for unproductive spending while avoiding the unpopular raising of taxes.
Too bad for us ordinary guys and gals that high finance is so complicated.
You are correct on all points.
Nope. There are two ways to stop inflation, reduce demand i.e. recession, or increase the supply of the desired goods. Most often inflation ends with a lot of demand destruction and a little of supply increase. Unfortunately we currently have a government that is ideologically opposed to supply increases.