- Jul 1, 2005
- Basic Beliefs
- that people in the US are living in the matrx
What both of you are missing is that prices can never have any opportunity to re-establish back to a normal unless the government stops directly stimulating into our economy. So that is the real question going forward. Can government actually stop giving out stimulus checks now? Can government actually stop giving out $ trillion stimulus infrastructure bills going forward? Can government not help pay down student debt and continue with the other entitlements? I don't think they can stop doing any of this anymore. Not without major cratering of the economy and even more political upheaval. All of this amounts to more money in the system with less people actually producing goods and services.
Prices will not reestablish to "normal" because that causes more harm than benefit.
Then we agree that inflation is here to stay.