Inflation is insidious
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Inflation rots a country from the inside out.
Inflation is the consequence of economic mismanagement.
Inflation hurts the poor and middle classes and sows the seeds of nefarious revolution.
As someone who has been impacted by inflation, I am very concerned about the future of our country. Inflation has harmed my family and my company.
Printing trillions of dollars while stopping production was not only mismanagement, it was a malicious action. How did the powers that be miss this? They didn't, and this was done to juice the system so certain parties would benefit. The majority of the country did not benefit.
How inflation happens
Hi, I'm a newly printed dollar and I'm going to meet my friends. With every dollar printed, our supply increases. Since supply increases, to keep our value up we need demand to increase as well. When supply of dollars exceeds demand and production, our value declines. Inflation is when supply of a currency exceeds demand. Since workers are needed to produce goods, a lockdown would be bad. In essence, people buy goods with free money while producing less. Get it? This explanation is so simplistic is misses some key points.
Some confounding factors that make inflaiton worse include lockdowns, Quantitative Easing, centrally planned economies and just overall financial blunders. The powers that be don't care about the pain inflation causes the average person. They just know their agendas. Our debt-based monetary system incentivizes the creation of cheap money when interest rates are low, which they have been for more than a decade. This is bad as the tap is turned off when interest rates rise. The Federal Reserve Bank is driving the show, and we are going off a cliff.
Inflation is being fought by federal entities in a way that will eventually fail. Raising an interest rate hurts companies that rely upon borrowing and this can hurt payroll. Companies are automating and offshoring jobs silently and zombie companies that rely on low rates are laying off swaths of workers.
How could this have been avoided? Quantitative easing should have stopped in 2010. We never should have locked down.
2023 will be a hard year. It's going to see massive layoffs, bubble pops in real estate, stocks and cryptocurrency and vaccine damage. The piece of advice I would share with you is that 2023 will be a year of deals. If you have liquid cash and a job, this will be very good for you.
The average person now lives check to check. Inflation has been disastrous. I wish you all the best.
Posted on Hive under account truth2 and Blurt under truth2.curator