Can’t hoard what we do not have. With food and gas and electric rates skyrocketing, as per Obama’s plan, who can hoard money??
Good thing for Yahoo Finance that inner city welfare folks don’t read Yahoo Finance.
“Low inflation” is one of the great lies of the past 6 years. Gasoline prices have doubled. Food prices are outrageous - smaller containers and higher prices. Medical costs rising at near double digit rates with copays and deductibles increasing. Marginal income tax rates up as well as capital gains rates. Electricity prices climbing. College costs also running up at a high single digit rate. Rents are also climbing as are bank fees.
The true inflation rate is and has been running about 10-12% per year for the things the average person needs to live (food, energy, healthcare). Declining prices of consumer electronics don’t help most of us.
If the GOP were a real opposition party it would be pounding hard the issue of rising food, healthcare, and energy costs. Instead we hear crickets.