7 Reasons High Inflation Isn’t Likely To Go Away Any Time Soon.. Joy Pullmann

[mystery-ak]

7 Reasons High Inflation Isn’t Likely To Go Away Any Time Soon
By: Joy Pullmann
January 11, 2023

The people who have created American misery are the same people in charge of solving it. That’s going to go well.

A recession is coming in 2023, concluded more than two-thirds of the economists at big financial institutions recently surveyed by The Wall Street Journal. Inflation is also likely to remain high. Measuring year-over-year inflation by the U.S. government’s 1980s methodology put it at 15.23 percent in November 2022 instead of the government’s claimed 7.11 percent, according to economist John Williams.

Many commentators, including me, were wrong when we previously claimed our grandkids will be paying off America’s massively unaffordable welfare state. We are all paying for it right now and are likely to be for much of our lives in inflation and other economic devastation.

Nobel Prize-winning economist Milton Friedman’s maxim that “inflation is always and everywhere a monetary phenomenon” — meaning, inflation is always caused by government overspending — predicts continued inflation for at least the next five years, if not longer.

more
https://thefederalist.com/2023/01/11/7-reasons-high-inflation-isnt-likely-to-go-away-any-time-soon/

[roamer_1]

They may be able to pull the rabbit out of the hat one more time.

But with a desperately necessary sea change...

The typical Republican corporate tax cut, while salting some Benjamins in the trailer park might fire it up again... With one critical difference...

It might give you a couple years with slashed energy prices and a rollicking economy, but the crazy profits HAVE TO go toward paying it back. LONG TERM.

It will last a couple years, tops, unless they begin to pay it back for real. If they do, it will only be modest profit for a decade or two, with greatly curtailed, affordable government, cratered free shit to force people back to work, but if that can be navigated, coming out the other end might still be possible.