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IPFS News Link • Economy - Economics USA

The Cost Of Living In The United States Is Rising To Absolutely Absurd Levels

• http://theeconomiccollapseblog.com by Michael Snyd

And it pains me to say that, because I have been running a website about economics for more than a decade.  But it is true.  Under normal circumstances, most hard working Americans don't have the time or the energy to debate the finer points of economic policy.  But now things have changed.  Here in 2022, our leaders have messed things up so badly that suddenly just about everyone is feeling the pain.  Most people just want economic conditions to "return to normal", but that isn't going to be so easy.

Over the past couple of years, the Federal Reserve has pumped trillions of fresh dollars into the financial system.

You just can't "undo" that.

And our politicians in Washington have been on the biggest borrowing spree in all of human history.  I think that many of them truly believed that there would never be any serious consequences, but as Forbes has aptly noted, we "are now paying a heavy price for this magical thinking"…


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