This was Biden's argument, too - and it's actually a fair argument - but it didn't work for Biden beyond his base. I'm not sure it will work for anyone this time, but I'm surprised we aren't hearing it from the Rs.
Of course Biden didn't cause the inflation on his watch. So there's one huge difference.
So basically it's to America's advantage to regularly create financial crises.Every currency is a USD derivative. Because of this our number one export is inflation.
The dollar milkshake theory does a good job of explaining this.
I wouldn’t say it’s an advantage to create inflation. It is an advantage that a lot of our inflation is exported, but that doesn’t mean it’s good. Just that the rest of the world subsidizes our inflationary polices.So basically it's to America's advantage to regularly create financial crises.
Clearly Trump is a star.
Of course, if you parse that a bit and ask exactly which Americans benefit most, and ignore who gets hurt, that's a less attractive picture.
Good point.I wouldn’t say it’s an advantage to create inflation. It is an advantage that a lot of our inflation is exported, but that doesn’t mean it’s good. Just that the rest of the world subsidizes our inflationary polices.
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