I'd agree that both are problematic. They are equally bad but in different ways. I would characterize it differently mind, i.e. The Ds want to increase revenue (taxes) and expenses, driving up borrowing, whereas the Repubs want to reduce revenue (taxes) while spending the same or slightly more, driving up borrowing. There's also the spending priorities obviously.
If they drive economic stability, then they do benefit everyone. They've been used by governments worldwide for the last decade to ease the global economy out of the last crash.
I think the problem is we spend way to much money. That will come back to haunt us. I don't just refer to the past year and a half either.
I thought the world was the lab.
The COVID lab-leak hypothesis: what scientists do and don’t know
Nature examines arguments that the coronavirus SARS-CoV-2 escaped from a lab in China, and the science behind them.www.nature.com
A few weeks old. Three may be more since then.
Nonsense
You mustn't question Faucspola and the media. You may laugh at them though.
Price inflation is always driven by an increase in the supply of money via QE or "money printing". Call it whatever you want. More people with more money or access to more money, competing for low or the same supply of goods and services is what drives up prices. And to your point regarding inflation being a good thing, I agree. It limits consumption, allowing supply replenishment.Here's a breakdown of the US COVID spend. I don't see how this is an inflation driver. The only one that might be is the direct payments, but that's less than a quarter of the total, and for everyone who didn't need that, there's probably someone else who did to pay rent/mortgage etc., i.e. every day bills and not just blowing it.
COVID Money Tracker
See how much COVID relief has been spent and where the money has gone with the #COVIDMoneyTracker tool.www.covidmoneytracker.org
Inflation is being driven by the supply chain problems with Covid, as best I can tell. Americans have a higher saving rate now than in decades, so its not demand - its limited supply driving up prices which drive up the indices used to calculate inflation. I expect this will settle down. If the Fed is estimating inflation at 3.4% for the rest of the year but not upping interest rates, I expect they are not that concerned, and they know more than me on this subject.
BTW, inflation (low digits) is not necessarily a bad thing.
Money is fungible. And fungible is a euphemism for Asymmetric information and moral hazard. Especially when it comes to government spending.
I usually add a lot of Arare to my popcorn.
Cineopolis has been charging these prices for at least the last 3 years prior to Corona.Inflation is getting real bad folks. The new goal for super rich dad is to now go up to space for $21,000,000 for freaking 10 minutes. Anyway, I just stay home and mine my business and hope things get better. My pal told me about combo deals now at Edwards. BTW, it's been theraputic for me to sit back and watch all this play out. Remember, it's not a "Us vs Them." Its always US!!!! Stay thirsty for the truth my friends and never be afraid to ask questions
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Increasing the money supply = "inflation" of the money supply. Inflation of the money supply always drives an increase in prices. If you're citing CPI as proof that QE didn't drive inflation for the last decade I might agree with you. But it did drive up or steady Bond and home prices in that are more important to banks and you and I as well. Your covid spending link proves it. Look at the 3.25 Trillion dollar Fed Reserve purchase:
I'm not against incentivizing debt as long as it is good income generating debt. Cash is not king. Cash Flow is King.
The bigger problem is that we don't teach personal finance in a meaningful way. As previously posted, cash is not king. Cashflow is King. But how do you do that if money is too expensive (interest rates). It's still possible if tax incentives and appreciation is favorable. Or if you understand how to leverage simple interest against amortized interest to pay off a mortgage in 5 to 7 years as opposed to 30, you get to use banks instead of having them use you as much. That's been super fun for me.
QE has never driven economic stability. It may benefit everyone, but does so unequally, fueling the inequality narrative. But the inequality narrative lacks credibility because it ignores age and time.
Did it benefit the U.S. Women's Soccer Team and their claims of inequality? Anyway, we are deeply uneducated in personal finance.
The "longer term damage" is being 89. No doubt his immune system has rec'd a lot of viral updates over that period too. A recommended approach for immunity is not the point I am making. The Fear Industry has made immunity a binary decision with vaccines on one side and death on the other. Any talk of therapies appear muted by the CDC and the Media. Six of the 80+ y.o. folks that I know survived corona pre-vax. All are doing well for being 80+. None of them were in a LTCF. If you have a choice, keep your parents out of those kill zones people.
So we could have already been exposed but not exhibiting because our adaptive immune systems have rec'd the necessary updates?
