I got into a discussion with LTC Broom on inflation. I espoused that inflation is due to government printing money. LTC Broom said disagreed. The other day I watched a video of Freeman explaining that it is government spending. Freedman stated, “ we have always had greedy corporations, greedy bankers, etc but inflation occurs wgen we have overspending. Every country that has suffered inflation printed large sums of money. It s my opinion that Biden and Harris dumping $3 trillion on the economy feed inflation.
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Posted from washingtontimes.com
Political Opinions
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Greece experienced a deep recession in 2020, and pandemic relief measures have led to further increases in its exorbitantly high public debt. This column outlines three potential methods for dealing with increasing debt after the crisis: (1) increases in taxation/reductions of government spending, (2) debt restructuring and (partial) debt write-offs, or (3) a policy of ‘gradual adjustment’ in which economic growth helps the debt burden shrink...
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The Official U.S. Congressional website of The Republican Budget Committee
Since this was a global phenomenon, was there an event that preceded the inflation that would have caused a worldwide drop in the supply of goods and services while also creating pent up consumer demand where consumers were not spending money and therefore had "extra" to spend when they were feely able to spend again? The obvious answer is yes there was such a global event. I think we all know what it was.
23 Oct 2021
"As of Tuesday morning there were 62 container ships anchored off the coast of southern California — 37 of them destined for the Port of LA and the other 25 destined for Long Beach. The 62 ships contain the equivalent of about 200,000 20-foot containers. Overall there were a record 100 cargo vessels — including barges, tankers, car carriers and ships that carry bulk goods — anchored just outside the ports as of Monday."
https://www.cnn.com/2021/10/20/business/la-long-beach-port-congestion-problem-national-impact/index.html
Everything you’re waiting for is in these containers | CNN Business
Virtually every US home contains items that came through the ports of Los Angeles or Long Beach.
The pandemic and Greece’s debt: The day after
Greece experienced a deep recession in 2020, and pandemic relief measures have led to further increases in its exorbitantly high public debt. This column outlines three potential methods for dealing with increasing debt after the crisis: (1) increases in taxation/reductions of government spending, (2) debt restructuring and (partial) debt write-offs, or (3) a policy of ‘gradual adjustment’ in which economic growth helps the debt burden shrink...
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