Remember the Carter inflation. I knew a woman wh’s parents had to come out of retirement because massive price inflation decimated THE VALUE of their savings.
This could also be a good way to reduce the SS problem. Let prices and wages both go up, but don’t increase SS benefits (much). It will be a hard slam on those receiving social security (like me) and trying to live on it, but it will reduce the financial problem.
Also, price inflation will monetize the debt. That would have been dangerous in the past because debtors like China might not have responded favorably. But them being the source of the problem, what are they gonna do about it now or, more precisely, how can they justify a “bad” response when everyone knows they caused this mess.
It’s going to be a very interesting decade, that’s all I got to say. VERY interesting. Kinda like the late 30’s and early 40’s.
VERY interesting. Kinda like the late 30’s and early 40’s.
Just to be clear on my position and I think you have the same.
The only cure for what ails us is tough times. Never fun, whether personal or national.
I hope we learn the right things.