No. of Recommendations: 1
Not just during the height of the pandemic - but after.
Oodles of direct checks and aid to Americans.
Incentives to work taken away.
Cash given - sometimes yes, used for survival but many times, to buy Chinese made goods, $4 coffees and on and on and on.
Then when inflation showed itself, someone called it "transitory" and "a high class problem" and those who brought it up were met with "Fox!" "Trump!".
Now here we are. On someone's watch, rates have had to be hiked up hard and fast. Money supply has had to be reduced, fast and hard.
And guess what? Soon - many many workers, raw materials and equipment will be needed for infrastructure products---wonder what that does for inflation?
All this while immigration can't happen - because *someone* did it in such an unfair, politically correct way, that it's given the other side a potent political weapon to stymie everything.
Well played.
No. of Recommendations: 1
Incentives to work taken away.
This appears to be false. Labor force participation rate has been on a steady decline as the boomers retire. However, the most recent report shows an increase in the participation rate. More people are going back to work!
Alan
No. of Recommendations: 1
Yeah...there was this thing call "COVID" that was killing lots of people, so a good chunk of the world had to stay home for over a year. Apparently some folks forgot that (whether or not they agreed with requiring people to stay home, it happened and we have to account for that).
