Inflation

Government Stimulus Stimulates Only The Government

Do federal employees really stimulate the economy with their spending?  They’re only spending money that was forcibly taken from others, and then largely spent on nonsense.  Given that much of what they do isn’t value-adding, it stimulates the economy about the same way “mostly peaceful” youths do when they conduct a smash-and-grab at the local department store.  It’s more redistribution than stimulation, and not what a healthy economy needs.  The only way for the government to actually stimulate the economy is to cut taxes and get out of the way of business.

The Global Economy, The Omicron Narrative, and The Left’s Grip On Power: The Air Is Coming Out

The now-notorious Chinese real estate giant Evergrande missed the coupon payments on its bonds the other day. Evergrande builds sixty-story apartment towers made (mostly) of sand. Somehow, the bag-holders even in China, where buying real-estate has enjoyed the rush of novelty in recent years, begin to scent the odor of failure in that bloated corpus of fraud.

Transitory Inflation? Not With Joe In Charge

Is there anything Joe can do to change that investor behavior?  There sure is.  He’d simply need to announce that he’s opening up drilling, endorse fracking, and give the green light to pipeline projects.  Investors will expect prices to drop, and they’ll bail on the futures market like rats from a sinking ship.  But that would require admitting that Donald Trump was right.  That’s not going to happen with this administration. 

Joe, It’s A Mess… Get Out Of The Way

The best move for Biden and his team is to get out of the way. Get into their respective basements and get out of the way. Stop making bad decisions or any decision, period. You have done enough damage. Let the free market and capitalism take the controls and get us out of this mess. I listened to Biden yesterday say he is working on lowering costs on food and goods and getting the shelves filled. He does not understand the role of government.

Biden Ain’t No “Moderate”: The Democratic Party’s Values Aren’t America’s Values

If anything has been made clear to most Americans who believe in working smart and hard, saving one’s earnings and living within one’s means, it is the fact that these virtues are no longer valued by Congress. America hasn’t had a Congress that believed in fiscal responsibility since Newt Gingrich was Speaker of the House, and as the Democratic Party shifted to the greatest levels of socialism.

An Open Letter to My U.S. Representative – Hypocrisy is Not a Virtue

However, the most radical spending of the last year and a half, and I expect in our nation’s history, has been COVID economic relief bills signed by both Presidents Trump and Biden, of which you proudly stated, “This year (2020), I have supported trillions in emergency relief…” You take credit for perhaps the single greatest cause of debt and inflation in our lifetimes, yet declare yourself eager to rein in radical spending.

‘Skyrocketing Inflation for Dummies’ – Brought to You by Joe Biden

When inflation sets in and prices begin rising, the effect on wealthy folks is minimal. If a gallon of milk costs $4 today, and $5 by the fall, and then $6 at Christmas, it’s no big deal to a millionaire. It’s the same with gasoline, or automobiles, or pot roasts. The fat cats just shrug their shoulders, start up the Mercedes, and head to the golf course.