By Connor O'Keeffe
Despite the usual cheerleading from the Biden-supporting mainstream media and academic economists, the US economy is in trouble, and everything Biden is doing makes things worse.
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By Connor O'Keeffe
Despite the usual cheerleading from the Biden-supporting mainstream media and academic economists, the US economy is in trouble, and everything Biden is doing makes things worse.
I especially agree with this.
Sometimes I think about how high price inflation can really help mask a recession. I'm not even sure what the current definition of "recession" is, since they changed it during the pandemic, but it's generally based on consecutive quarters of declining real GDP.
Since "real GDP" relies an an inflation adjustment, underreporting inflation makes real GDP look higher than it should.
I've been saying for a while that we've basically been in an economic depression since the pandemic started. I still feel pretty good about that claim.
I think for us Bitcoiners, this has been evident for a very long time, we know that something is wrong for too long.
It’s the largest gap between the top 1% and everyone else ever! Wallstreet is not mainstreet!
I've read that the largest wealth transfer ever happened during the pandemic. Never let a crisis go to waste, as they say.
Yup! I refinanced twice, am working fully remote(no gas mileage or car maintenance), and found Bitcoin!
Biden latest proposal is 8 trillion dollar budget
That is unconscionable