Prices change because of supply and demand.
Inflation results “from too much money chasing too few goods,” explains [economist David] Henderson. “If government’s spending more money, that’s more money chasing too few goods.”
Lately, government borrowed from the Fed, and spent much more money. Under President Donald Trump, the national debt rose $7.8 trillion. Under President Joe Biden, it’s grown $2.2 trillion in just one year. Biden wants to spend even more — a record $6 trillion this year.
Where will they get the money? Government has no money of its own, so increased spending means politicians must borrow more, tax more, or, easiest of all, create money out of thin air by just printing it.
In the last few years, that’s what they did. In an untested experiment, the Fed printed more money than ever in history.
All this new money sloshing around the economy makes money we have less valuable. You notice the price increases, but you may not notice the damage inflation does to your savings. More
Well, that’s why you need gold Roosters, Sovereigns, Half Sovereigns, and bars of silver. And ammunition. And canned food. And dry food.
And here’s a man who can explain male and female relationships in simple terms. This guy (Kevin Samuels) is GREAT:
Biden understands it. But he understands extortion and bribery better. He knows if he doesn’t tow the ChiCom party line, Hunter will be in prison.
Joey doesn’t pay for his own pudding and ice cream. How can he possibly grasp the concept of price inflation?
Econ 101, something lost on the geniuses running this country
“In an untested experiment…”
…seems like we’re doing a LOT of untested experiments these days…