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...and then we have Newsom saying he'll provide gas rebates because gasoline is too expensive in the state where gasoline is regulated the most... and they accu
by mc32 4y ago
...and then we have Newsom saying he'll provide gas rebates because gasoline is too expensive in the state where gasoline is regulated the most... and they accuse service stations to refiners of being "price gougers". Oh, well.
"We'll fight inflation with inflation causing instruments (more liquidity)!!!" "People don't have enough money; let's print more."
- quickthrowman 4y agoCalifornia does not control the Federal Reserve Bank, so they are unable to print money.
- bergenty 4y agoStates don’t “print money”
- nostromo 4y agoStates have been spending printed money nonstop since 2020. Federal Reserve buys treasuries -> Federal Government hands trillions of borrowed dollars to state and local governments as “Covid relief” -> States spend well beyond their means.