Anonymous wrote:
Anonymous wrote:
Anonymous wrote:In an effort to fight the demand side problems causing inflation, we are turning around and increasing the supply of money again. Which will cause more demand induced inflation.
Econ 101 should be a required class for politicians…
Including the ones who advocated sending out stimulus checks and child allowances.
i
Oh, they know the consequences darn well, they simply don’t care. A politician has one job: to get re-elected. Most do this by appealing to the dumbest part of their base. For Dems, that means giving out free stuff even if it hurts business owners and creates inflation and a dependent class. For GOP that means cutting taxes and regulation even if it means spiraling deficits and dangerous business practices. They simply don’t care about the long term ramifications for the people they represent, they only care about themselves, and many constituents enable this by short-sighted cheering.
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