The absurd level of government borrowing and spending is rapidly destroying the purchasing power of every American.
@9CJ6CB63mos3MO
The government prints money for non-spending purposes too. Value is created by companies, then that money can be handed to companies when they liquify assets or in cash. As profit goes up, their money goes up, which can create massive inflation.
@LobbyistOryxLibertarian3mos3MO
100% agree that government spending is a large component but we can't ignore the impact of their interference in the labor market. When COVID had been largely slayed, they continued to distort the labor market by expanding super unemployment; thus effectively forcing employers to compete against a government paying people to stay home. This had the effect of doubling the de facto minimum wage.
