390 sats \ 1 reply \ @grayruby 18 Nov 2023 \ on: Meta Econ Takeover Day 32 meta
I don't see drastic cuts to spending coming, or significantly higher taxes, so the only solution is YCC and some fancy new version of QE.
They know sending money directly to the people is highly inflationary on food, energy and the goods people need to sustain themselves but it's hard to imagine the populous won't demand it as their standard of living continues to erode.
The silver lining of inflation in food, energy, shelter, and used car prices, is that none of those are part of the official CPI estimates.
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