The author mentions how inflation rates have been so Pretty Thick Thighs Spooky Vibes Shirt low and it’s not a big deal. We have been printing all this money and keeping interest rates extremely low. Unfortunately, our government has changed the way they calculate inflation multiple times just so they can report a nice number. The fed is talking about keeping interest rates suppressed for at least. The next 2.5 years and congress are nowhere near fixing the deficit. More money printing more inflation. The poor and middle class are hit hardest by rising prices and that’s all we can look forward to with our current policies. The author mentions how our COVID stimulus which “saved the economy” has the nasty side effect of increasing asset prices.
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Unless your head has been buried in Pretty Thick Thighs Spooky Vibes Shirt the sand I think we have all noticed asset prices have been skyrocketing long before coronavirus. This is because the interest rate has been extremely low and the money machines just keep on printing. Here’s the deal. The government is not an efficient spender of money. We need the private sector to spur job growth. How can we do this? By stopping the fed from incentivizing the people with money from just dumping their cash into the asset bubble. Rich people do want to get richer and if the returns in real estate and the stock market no longer provide the juice they will find alternate methods. When American libertarianism is pretty much voting for the Republican Party but with extra steps, that’s what you get.
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