During the last bout of inflation during the 1980s, a business colleague paid 17-1/2% interest on a fixed mortgage for a new house. Inflation is too much money chasing too few goods and services. The Inflation Reduction Act alone authorizes nearly one trillion dollars on pet projects for favored constituencies, the Congress blithely spen…
During the last bout of inflation during the 1980s, a business colleague paid 17-1/2% interest on a fixed mortgage for a new house. Inflation is too much money chasing too few goods and services. The Inflation Reduction Act alone authorizes nearly one trillion dollars on pet projects for favored constituencies, the Congress blithely spends billions of dollars it doesn't have. Then, there's the Student Loan Forgiveness debacle.
'Official' government sources peg inflation at 8.3% per year. Private sources believe the actual number is closer to twice that. Think inflation is bad now? We're just getting started.
During the last bout of inflation during the 1980s, a business colleague paid 17-1/2% interest on a fixed mortgage for a new house. Inflation is too much money chasing too few goods and services. The Inflation Reduction Act alone authorizes nearly one trillion dollars on pet projects for favored constituencies, the Congress blithely spends billions of dollars it doesn't have. Then, there's the Student Loan Forgiveness debacle.
'Official' government sources peg inflation at 8.3% per year. Private sources believe the actual number is closer to twice that. Think inflation is bad now? We're just getting started.
It’s just too much printed money. Demand is collapsing and CPI keeps rising