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re: What is Trump's plan for inflation and reducing the federal deficit/debt?
Posted on 3/10/24 at 9:02 am to NC_Tigah
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.
1
Posted on 3/10/24 at 9:09 am to RogerTheShrubber
quote:Rog, inflation secondary to a flood of dollars and concomitant dollar devaluation is simply not what we saw in 2021. The dollar strengthened as inflation rose.
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.
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