Inflation is now a good thing...? 🤔
- Replies 34
- Views 803
- Created
- Last Reply
Top Posters In This Topic
-
racer254 6 posts
-
Deephaven 5 posts
-
Crnr2Crnr 5 posts
-
Jimmy Snacks 3 posts
Popular Days
Most Popular Posts
-
Defending trump has become a full time job for some here.
-
He is comfortable enough with "certain levels" being enough to pay off the debt. If we assume very rapidly is 2 years. US debt per taxpayer being over $275,000 That would mean that each taxpayer can
-
@racer254 On paper. If inflation causes a 10% increase in both prices and your home value, your purchasing power largely stays flat. And if you wanted to borrow against that higher value, you’re like
Featured Replies
Recently Browsing 0
- No registered users viewing this page.
Raising revenues through tariffs, for example, would have addressed the balance by lowering debt. Economic growth could also impact the ratio from the other side. Trump and key members of his team, such as Treasury Secretary Scott Bessent, have suggested this is now the path forward to allay any debt concerns.
It was a point Trump touched on in a recent interview with Time. In the past, he said, lower rates made borrowing cheaper. He added that in the current period, where the Fed has recently increased rates, “you can do it through other means. I know I’m the best in the world. The best—I don’t want to tell you what those means are, but you can pay off the debt through other means.”
The president added: “But the one thing that you can do is pay it off through growth, and we’ve never had growth like this. Look at the numbers. Look at the poverty numbers. The lowest we’ve had in … ever. Look at the murder numbers. Look at the crime numbers. We have the best crime numbers we’ve ever had in history.”
Trump also said something that will prick the ears of economists: “You know, inflation, certain levels of inflation will also pay off that debt very rapidly. Very rapidly.”
Fortune
Trump just soft-launched higher inflation as the new solu...
ok MAGA faithful... let's hear how even higher prices for everything is a good thing when you've bitched and complained about it for the past six years.
p.s. who decides how the money that comes into US Treasury is spent and allocated?