By Daniel Lacalle
The government can end today’s high price-inflation rates any time by ending deficit spending. But the state won’t even acknowledge deficit spending is a cause of today’s price-inflation cycle.
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31 sats \ 0 replies \ @DEADBEEF 1 May 2024
Government: ”I don’t have a spending problem. I can stop anytime I want to. I just don’t want to right now…”
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21 sats \ 4 replies \ @Satosora 2 May 2024
I was thinking though, if they did want to stop inflation, and stop printing money....wouldnt that put the economy in a depression for a while?
Not saying that that is the end of the world, but it would make the us dollar stronger in the end, right?
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10 sats \ 3 replies \ @Undisciplined OP 2 May 2024
That's right. We call those downturns "economic corrections" because they're inherently part of the economy undoing the distortions caused by state interventions.
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31 sats \ 2 replies \ @Satosora 2 May 2024
It would be nice if our currency was worth something.
Its becoming like toilet paper.
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10 sats \ 1 reply \ @Undisciplined OP 2 May 2024
Adopt bitcoin as your currency and then your currency will be worth something.
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21 sats \ 0 replies \ @Satosora 2 May 2024
you still need the fiat for everyday things.
Im not here to make my life difficult lol
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21 sats \ 0 replies \ @Satosora 2 May 2024
Even Yellen is getting a bit worried though.
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