The International Monetary Fund (IMF) has warned about the optimistic estimates for 2023, stating that it will likely be a much more difficult year than 2022. Why would that be? Most strategists and commentators are cheering the recent decline in price inflation as a good signal of recovery.
What is happening in the so-called recovery from the pandemic is nothing else but a global destruction of the middle class at an unprecedented speed
- In the current estimates, US citizens will continue to lose purchasing power.
- The outlook for 2023 is widespread impoverishment while governments continue to spend and raise taxes, which means an even worse destruction of real disposable income.
https://mises.org/wire/governments-will-make-you-poorer-again
No comments:
Post a Comment