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by mancerayder
1475 days ago
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The economy is goods and services produced. Money is an exchange medium to facilitate exchanging goods and services. Before money, we exchanged things without that medium, I'll give you a goat and you'll give me a haircut. Money is a symbol, a record of sorts, and a grease of sorts, a means to an end (to make it easier to exchange things). When the government locks the economy down, and prints money, this creates a huge demand (the money given to people and low interest rates handed out, mostly in trickle-down fashion from the top), but the demand doesn't match the goods and services that weren't being produced. Suddenly it's become obvious that things cost more, because there's more money and less things. The fact that our President just this week called it "Putin's price increases" tells you all you need to do know about the quality of our leadership. Lo and behold, it was not better than the previous leadership, which said equally stupid things. It might just be that the government (Republican or Democrat) should be legally limited from doing certain things, like racking up debt. |
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