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by trcarney
1671 days ago
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Last I checked, a virus doesn't effect the monetary system but shutting down the country for an extremely long "15 days" and then printing money to pay people who were "non-essential" and to keep the stock market up does. I guess it was COVID that created 40% of all US dollars in the last year. The GOP and Democrats are both to blame for this. I digress, I don't like either party's policies because every law enacted is a little bit more of your freedom taken away and the crazy printing of money is just another tax on the American people. States and cities are making out like bandits with this inflation. This is a pretty standard cycle in American politics. One party wins the presidency and the house, then the house flips in the midterm. The senate doesn't follows these trends because of how their terms work. [Edit] I found the 40% number in a news article but it didn't have sources. You can view the M1 money supply chart here, https://fred.stlouisfed.org/graph/?id=M1SL. This chart shows why we are seeing higher levels of inflation. |
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