Tuesday, December 27, 2022

Ready for more inflation?

 One of President Obama's top economic advisors is warning that the $1.7 trillion omnibus bill passed by Congress will lead to "more inflation, not less inflation"

  • Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that fiscal policy, like the federal budget deficit, as well as various other things that the White House can do, have been mostly going the wrong way
  • The bill does increase the deficit more because it spends more, and all of that actually creates more inflation
  • We will pay for this misappropriation and misuse of money through runaway inflation

https://www.americanthinker.com/blog/2022/12/ready_for_more_inflation.html

No comments: