Tag Archives: monetizing debt
This Time It’s Different
The 2008-09 bailout of Wall Street opened people’s eyes and minds to what’s possible. Thus as the Fed went into full big business bailout mode in 2020, the plebs started asking…where’s the people’s bailout? Where’s QE for the people? Continue reading
The Solution to Inflation
President Biden and his cohorts in Congress and at the Federal Reserve have delivered an early Christmas present. They’ve given Americans the gift of raging price inflation. The cost of just about everything has gone through the roof. Continue reading
Walking the Path of Self Destruction
The era of stimmy checks and cheap consumer goods was fun while it lasted. Like a hot lunch, it always tastes better when free. The smell is more aromatic. The bites are more flavorful. Most of all, the belly leaves the table more contented. But is a free lunch ever really free? Continue reading
The Great Donkification
The U.S. national debt has now eclipsed $28 trillion. The budget deficit for the 2021 fiscal year will likely run up to nearly $3 trillion – possibly more. Hence, it will be financed with printing press money…that is credit created from thin air by the Federal Reserve and loaned to the Treasury. Continue reading
