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PASS AWAY THE TIME IN VENEZUELA

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salvo:
Hi Folks,

Cut and Paste here, FROM TODAY:

Some economists and writers have looked at possible hyperinflation in the U.S. as early as March 2021 when the economy started to get back on track after an artificially depressed year due to lockdowns and immense restrictions during the coronavirus pandemic ? policies that officials started reversing as vaccines became more available.

The term raises some grim images, with Venezuela the most recent example and Zimbabwe perhaps one of the most famous examples of hyperinflation.

"This is meme economics," Bloomberg Businessweek wrote earlier this year.

"Fear of inflation ? if not outright hyperinflation ? helps explain the meteoric rise of Bitcoin," the article argued. "It?s behind distrust of the Fed. And it feeds congressional opposition to President Biden?s $1.9 trillion pandemic relief plan."

Sal

Kathyp:
if you are old enough to have been adulting in the late 70s and early 80s you can remember inflation, stagnation, high-interest rates, etc. one followed another as monetary policy was used to control one disaster after another. 

Almost every time we have a prolonged economic disaster, the government and the federal reserve have been to blame.  Ups and downs in an economy are normal and even desirable.  If left alone, the capitalist economy self-corrects pretty quickly.  When "help" is given, pain is prolonged.  A UCLA paper written some years ago examined the policies of FDR and how those policies extended the great depression by as much as 7 years.

We don't teach economics anymore.  We teach that government is the answer to every problem, and capitalism is bad.  Probably not going to end well.  Sure hasn't in the past for many countries.

salvo:
Hi Folks,

Did you vote"

https://twitter.com/i/status/1456088399362904070

Sal

salvo:
Hi Folks,

https://www.foxnews.com/media/tucker-carlson-inflation

Say Buddy. Can you lend me a dime?

Sal

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