I've been tweeting that all the stimulus will create inflation. I want to make something clear.
I'm in favor of the stimulus to help the less fortunate, and especially those that lost their jobs via lockdowns and government restrictions.
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I'm in favor of the stimulus to help the less fortunate, and especially those that lost their jobs via lockdowns and government restrictions.
(1/4)
I've likened it to the takings clause in the constitution. If they Govt "takes" something from you (your house to build a hwy), they have to pay you fair value. Yes, lockdowns are for a good clause (so is the new hwy) but they cannot "take" it from you without FV payment.
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But "takings" come with a cost, the new hwy displaces families and destroys neighborhoods. So do lockdowns.
The necessary stimulus is coming with a cost … more inflation. This will raise interest rates and cause problems in the stock market.
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The necessary stimulus is coming with a cost … more inflation. This will raise interest rates and cause problems in the stock market.
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We think today's policy means, more money for the poor, a bridge for the unemployed, and larger stock portfolios for the rich. A policy with no tradeoffs or losers?
The tradeoffs will come when inflation returns. Then will find out how much the rich want to help the poor.
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The tradeoffs will come when inflation returns. Then will find out how much the rich want to help the poor.
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