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Author Topic: Inflation is not high enough for CA and other states... they want  (Read 128 times)

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Offline Hung_Low

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to drive it up even further north by providing inflation stimulus checks to it's residence. Are these fools that ignorant or just trying to buy votes? How do they think inflation skyrocketed for the past two years?

https://abc7.com/california-gas-prices-checks-price-relief-program/12291137/

Even experts are warning that this will increase inflation, not help at all.

"Handing out dollars in an inflationary environment will only make matters worse by driving prices up further," wrote Beth Akers, a senior fellow at the American Enterprise Institute

"As such these inflation relief payments will export inflation to the rest of the United States -- with some showing up in California too," Furman ja former economic adviser to Obama and a Harvard Professor.

"Unfortunately the stimulus checks are more of a tool to push a political agenda. The checks could fuel inflation further." said Lucy Dadayan, a senior research associate with the Urban-Brookings Tax Policy Center

I truly believe that this is all done for political reasons... to make voters think that the gov't truly care about the little guy, either that or these fools are really that ignorant about the economy.

The affect is that it'll make it worse for the little guy since it'll drive cost even further north. We already saw what all the $trillions in stimulus checks, spending, money printing have done to inflation. Now, the fed and banks want to raise interest rates, which will make it even harder for people to get out loans... thus making it worse for the little guy.



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