THIS IS NOT FINANCIAL ADVICE, PLEASE DO YOUR OWN RESEARCH
This is quite funny though, economists warned us about this , any student of economics knows that too much money printing will result in massive inflation , and high prices, according to some news sources, it costs more to run a car this year than it did last year…. Let us get this straight, this is not about who is in power, this is about economic policies and too much money printing! (Which most politicians are guilty of)
What did our president say ? ” Most of the price increase was expected” in a way he is right, economists warned that prices will increase due to inflation which is due to excessive money printing! ( I will keep saying this) Groceries are up, gas prices are up. You don’t need me to tell you that, something is very very wrong here. It is difficult to make ends meet in this economy, especially since we are technically still in a pandemic. The truth is we need to tell this administration and every other administration, that overspending is not the answer, we cannot spend our way out of debt with borrowed money, and also people are now used to staying home and making more than they were when they were working, it doesn’t take a rocket scientist to say, ” hey I will rather stay home since I’m making more money” .
Now, this is directed at my people, it is time we stop looking for a savior to lead us out of an economic crisis, only we can do that for ourselves. We need to educate ourselves on real economics, not pseudo internet economics. We need to learn basic accounting to teach us how to put our “coins” together. As for the politicians, I don’t think we should keep on listening to them if they are not telling us about the impact of their economic policies, example, if the money printing is too much, we should be able to say something instead of expecting free money from the government, guys, there is no such thing as free money, the only free money is when any of us are lucky enough to win the lottery!!!! . I think if anyone feels the pinch we should all say something.
With all these stimulus checks coming in ( which was started by the Trump administration), any economist will tell you the results of giving out “FREE” money. Economics is usually based on mathematics and numbers which is why we can’t trust our politicians when it comes to numbers. They didn’t even adjust the stimulus for inflation. Guys, if it sounds too good to be true, it usually is.
