Gregg's summary of the real cause of inflation and debunking of the "corporate greed" trope is excellent and spot on. He was kind enough to spare his readers how all this unfolds: your children and grandchildren will face massive debt-servicing headwinds that will reduce real economic growth to a trickle, if that. For example, Medicar…
Gregg's summary of the real cause of inflation and debunking of the "corporate greed" trope is excellent and spot on. He was kind enough to spare his readers how all this unfolds: your children and grandchildren will face massive debt-servicing headwinds that will reduce real economic growth to a trickle, if that. For example, Medicare and Social Security are simply not funded for more than a few more years. That fact will lead to either massive cutbacks in those popular programs or massive further borrowing. We're talking about at least a doubling of today's current $30T in Federal debt, up from about $5T at the turn of the century. Mind you, 2/3 of all Federal outlays already go for entitlement programs of one sort or another. This assumes that things like universal basic income or student loan exoneration never come to fruition. At least our impoverished descendants will enjoy the virtue of knowing that there are, as it turns out, dozens of heretofore unknown genders, and that behind every remaining success story is some unrepentant racist.
Gregg's summary of the real cause of inflation and debunking of the "corporate greed" trope is excellent and spot on. He was kind enough to spare his readers how all this unfolds: your children and grandchildren will face massive debt-servicing headwinds that will reduce real economic growth to a trickle, if that. For example, Medicare and Social Security are simply not funded for more than a few more years. That fact will lead to either massive cutbacks in those popular programs or massive further borrowing. We're talking about at least a doubling of today's current $30T in Federal debt, up from about $5T at the turn of the century. Mind you, 2/3 of all Federal outlays already go for entitlement programs of one sort or another. This assumes that things like universal basic income or student loan exoneration never come to fruition. At least our impoverished descendants will enjoy the virtue of knowing that there are, as it turns out, dozens of heretofore unknown genders, and that behind every remaining success story is some unrepentant racist.