Another leftist trying to convince us inflation is a good thing.
Inflation is not a good thing for the lower and middle class and people on fixed incomes. The left enjoys this, they want us to have less and consume less and be happy (like their socialist European heroes).
Consequences of flooding an economy with freshly printed government money that was not earned.
I never said that. Some inflation is normal, usually between 1 and 2 percent. In order to maintain a healthy inflation rate, we have to remove excess printed (devalued) dollars from the economy. Raising interest rates is one way (and typically the only way) the Feds can accomplish this.
Otherwise the lower classes, middle class and fixed income recipients will be harmed. Bad economic policy always hurts the people at the bottom.
So, keep telling those at the bottom that they are happy about increases in their everyday living expenses. I am sure they will believe you and vote for more.
@FiveRights: A man who’s a narcissist, a pathological liar, unable to spell or write well, who insults world leaders, commits unpredictable acts, and has autocratic tendencies, who claims Christian values but does not live them… such a person could never be elected as the leader of the world’s leading democratic power. It would be too dangerous. It could not happen, it did not happen. If you think it did, your TV set is tuned to channels wearing the banner of truth and freedom, but offering the opposite.