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> Smack the economy with a 2x4 to kill inflation. Who cares about the broader economy. First-most they are smashing USG Treasury with a 2x8. Tax revenue down a
by globalreset 4y ago
> Smack the economy with a 2x4 to kill inflation.
Who cares about the broader economy. First-most they are smashing USG Treasury with a 2x8. Tax revenue down across the board (income, capital, corporate, you name it), social programs spending up, deficit through the roof. K.O.
They can raise the rates all the want, but as long as they are monetizing the deficit, it will be multi-trillions of money being pumped into broader economy anyway.
There is no other way then to print and incinerate the debt in a inflationary inferno.
- Judgmentality 4y ago> There is no other way then to print and incinerate the debt in a inflationary inferno. What good is paying off a debt in a currency that's no longer valuable? We're fucked no matter what.
- comte7092 4y ago> but as long as they are monetizing the deficit Good thing they aren’t monetizing the deficit.
- mickdeek86 4y agoI'd rather be hit by the 2x8. The wielder wouldn't be able to get as good a purchase on the grip, it's a greater mass to for him/her to accelerate, and the impact area would be more spread out.
- globalreset 4y agoYou're right!