This will restore value to the dollar: U.S. Senate passes $1.5 trillion government funding bill.
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I am sure that will work!
I stand to be corrected (I am far from being an expert on economics), but I would have thought that greatly increasing debt was in itself inflationary?
https://www.whitehouse.gov/briefing-room/statements-releases/2021/11/01/statement-by-press-secretary-jen-psaki-on-build-back-better/
– Jen Psaki
https://www.epi.org/open-letter-from-nobel-laureates-in-support-of-economic-recovery-agenda/
The stagflation economic disaster we have to have, hopefully we can learn from it … signed by seventeen Keynesian Economists. The “broader conception of infrastructure” might as well mean treasury looting, because the word “infrastructure” kind of used to mean something positive and now they are doing the usual trick of redefining a word until it means nothing at all.
Oh by the way, while Russia has used heavy regulation to prevent cryptos from being used as a payment system they have substantially reduced the tax on Gold … thus encouraging their citizens to spend as much money as possible buying physical assets in their hands. When you consider that Russia is a major Gold producer, and now cannot offload their metal on the LME, and that metal will go internal or off to China instead … that’s going to put one heck of a lot of pressure on Western markets.
I recently read that 80% of money currently in circulation in America has come into being since 2020. If so, to legitimately restore value to the dollar , would you have to remove that money, not casually throw another 1.5 TRILLION on the barbie?
Not an economist, just asking for a friend.
Just a quick look through the E.P.I. and it’s people tells you all you need to know. There wouldn’t be a larger collection of communists in China.