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Relax. 1. Interest rates are rising and asset prices are starting to decline. Higher rates and decreasing liquidity (where we are at and headed) makes it tough
by howmayiannoyyou 4y ago
Relax.
1. Interest rates are rising and asset prices are starting to decline. Higher rates and decreasing liquidity (where we are at and headed) makes it tough for the rich to generate capital gains & fixed income. Watch how this impacts California in the coming years.
2. Inflation, particularly wage inflation, crushes small businesses. It destroys job creation. This isn't about the Fortune 500, its about main street.
3. We have to compete globally. Inflation at home means our exports are more expensive AND it also means the US Dollar has less buying power for the imports we rely on.
4. 2 of the 8 trillion you're complaining about went to main street businesses and individuals in need. Another 2 or so went to foreign banks to keep the global economic system from collapsing. About 2 trillion more just sits on the Fed balance sheet. The balance went places it shouldn't have... welcome to politics.
What's best for America is to remain competitive with Europe, BRIC nations and other developing countries. The inflation & supply chain stories used to be about the US - but rapidly growing middle classes in other countries demand the same goods you enjoy, have a closer proximity to the source (in supply chain terms), and if you want your standard of living to continue then you're going to have to compete.