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" The New America” is birthing?, page-34

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skiptdouglas

8,560 Posts.

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06/01/21

10:42

Post #: 49972395
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Originally posted by goldbear77: ↑

@skiptdouglas

undoubtedly the plan is to have inflation run hot and inflate the debt cost away in present value terms

that was the plan under Trump - and it will be under Biden or anyone else - because economically its the only choice they have outside a massive austerity program which no US politican would ever support

The US Fed may notionally be the decision-makers - but they wont do anything of that sort without agreement of the govt of the day

avg working joes who dont have inflation protection of some sort are going to be absolutely livid in 5 years

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Replace WW2 with Covid for present day ..

If wages rise under inflation Joe blow will be happy , they generally have no idea about inflation

Have you watched any of the Ray Dalio economic vids on YouTube? Worth a look if you haven't .
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