The Federal Government Has Been Sending people Free money for doing Nothing and The Leftist Media wants to blame the Private Sector – July 13, 2021,
The Federal Government has been borrowing money at a ridiculous rate to buy votes from voters dumb enough to think this is sustainable. With that said, just a heads up, that the main stream media as well as whatever politician is in power is going to blame higher prices on the private sector.
Now, first of all not every private business qualified for a government loan, secondly, the cost to produce goods and service have risen, employees are not returning to work and those that have returned to work have gotten a pay raise. a Carbon tax is now law, meaning that the cost of doing business is more expensive because energy prices are more expensive. Joe Biden and most Western Leaders have also raised the cost of doing business with additional virus precautions employers have to provide not only for their products but for their employees, all of these additional regulations come at an additional cost and these costs as I like to point out are DEFLATIONARY.
The only reason consumer prices have gone up more is because of the easy lending environment. Central banks have interest rates pegged at nearly zero, but only the government and the uber-rich corporations have access to interest rates at that low of a number. Small and medium-sized businesses do not get zero-percent interest rate loans and if they’re importing their goods chances are their costs have gone up.
All that aside, the mainstream media wants you to forget that the government created this problem, I’m sure most people will forget who caused the problem, furthermore don’t be surprised if an atmosphere is created by the media that justifies looting private businesses.
Those of you smart enough to read this article get prepared, because, price controls are expensive and don’t even assume that only Left-Wing politicians are pro-price controls, a lot of Right-Wing politicians are just as dumb as the Left-wingers they make fun of. Lastly by the way, I do NOT think prices for a lot of gods and a lot of services are coming down. Some prices will come down, but other prices won’t be able to come down, because if this economy is not allowed to crash, asset prices have to remain propped up and WAGES are forced up, which means consumer prices have to rise PERMANENTLY also.
Interesting times ahead