Ramping down QE would have been a lot easier without insane restrictions on oil production and delivery.
The really insane experiment was letting the Biden gang run the country - and the planet - off the rails.
Understatement.
The debt that was created to inflate the money supply does not go away, just because you deflated the money supply. The debt is constant, for what hasn’t been paid down. It means repairing the inflation is going to leave a debt that has grown since the covid lie was started.
The Austrian school knows immediatley what is wrong with QE, i.e. easy money created out of thin air. It leads to malinvestment-putting enormous resources into ventures that will not pay off in the sense of increasing net productivity. You know like build windmill farms and solar towers of power at great expense that at the end of the day don’t produce enough power to suppor their operating costs much less pay back the enormous investment to begin with.
Or investinging in ESG education which makes a people both unfit to govern and ungovernable rather than providing them with the normal skills of reading, writing arithmetic and other mechanical or creative arts that make people productive members of society. Or putting money into giving invaders a free ride rather than defending the borders and only letting in people who will be peaceable and productive members of our society. QE will be a gift that is going to be giving for a long time.
While this is technically true, what is missing is that the US put up all the cash. The world was crashing and we made all the rich people of the world whole.
“At close to $305 trillion, global debt is now $45 trillion higher than its pre-pandemic level and is expected to continue increasing rapidly,” the IIF said.
.
I wish had generous credit card company like that.
$2 Trillion is just petty cash to FedGov. Look at the way they spend and spend and spend. They might try to scare us into trying to scale down but Washington DC is never going to slow down their spending, believe you me.
When the combined u funded liabilities of just about every nation on earth is probably in the quadrillions what’s 2 trillion lousy dollars? The tax payers can be milked for that.
Bottom line they are preparing for a non monetary digital system with complete control from the central bank
trump wants to avoid SS math and pay people to have babies. I notice he didn’t say taxpayers or citizens.
We know he means anyone, legal or not We are being invaded and he wants to pay them instead of something common sense like audit SS and strip it of everything except it’s original intent.
If you want to keep it as is. You are unaware of the blue state deep state slush fund it is.
Welcome your new overlords and the digital currency.