Many people believe the people who are in charge of the economic policies destroying the middle-class have no idea how the Main Street economy actually works. I disagree, I believe they know exactly what they are doing and why they are doing it.
From one perspective, inflation is a statistic that comes from a bureaucratic system quantifying prices. They have no concept of how policy-driven price increases hurt consumers or working-class families. Everything in their sphere is academic and esoteric.
However, that said, those who have designed policy know there are benefits to inflation, like lowering economic activity that supports their lowered energy production policies. Inflation also helps them pay their way out of the spending they create that drives the inflation. Make money worth less and debt is lessened, or so the theory is told.
Joe Biden made remarks today that “inflation” as he looks at it, is defined as the amount of money in a paycheck. WATCH:
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“…destroying the middle-class…”
more like wiping out the elderly who saved up for so many years to retire
“Blah blah blah middle-class blah blah blah” is a staple for D.C. Professionals… they don’t mean it…if it even means anything to them to begin with…
If cows could speak, they would say things this insipid.
That’s a good one Patricia. How about this one? If A holes could fly, the entirety of DC would be one big airport.