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by ericwooley
1831 days ago
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I don't know if you're imagining it. But I have had the same feeling that things are going too well for too long, given the circumstances. I'm certainly no economist, but here are the explanations I can think up: 1. We have had income inequality rising for a very long time. Where things and processes were getting cheaper, but the spending power of most of us haven't been going up much at all.
2. Instead of taxing our way out of this potential economic disaster, we inflated our way out. Inflation doesn't allow the rich to loophole their way out. So, for once, all the corporations and very wealthy have been paying their share as well.
3. A lot of the inflated money has actually made it to the middle class and lower, causing a boom in spending.
4. An explosion in pricing is the natural result of suppressing a populations growth, then suddenly giving them a ton of economic stimulation. I hope it's not a bubble, and it's actually the economy jolting to life a bit. But what do I know, could easily be a bubble. |
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