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re: What is Trump's plan for inflation and reducing the federal deficit/debt?
Posted on 3/10/24 at 8:57 am to frogtown
Posted on 3/10/24 at 8:57 am to frogtown
quote:Right, and when it does, and when it is the predicate for inflation, how does it present?
When you inject money into the economy, it takes some time to work its way through.
The novelty of CV19 is the economic shutdown in Spring of 2020, and slow subsequent return. That sucked massive amounts of money from the system. The responsive government injections were premised as replacement for that loss to maintain par, as it were.
Posted on 3/10/24 at 9:02 am to NC_Tigah
quote:
. The responsive government injections were premised as replacement for that loss to maintain par, as it were.
Thats not how it played out.
The government provided incentives not to work in much of 2020. They flooded the economy with cash and when we opened up, predictably it sputtered.
The unemployment system itself was subject to hundreds of billions in fraud. Nigerians and serial con artists did better than the folks who worked through it.
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