Subnostr

🚨Biden will provide $770 to each resident affected by the fires in Los Angeles.

The money printer is on (even if it’s for a disaster-related cause), which could potentially trigger a new wave of inflation in the US.

The government’s response is often monetary printing, even for non-economic issues.

Mr. Sat Stacker 1y ago

$770 is about 1 night in a Ritz Carlton hotel. How will these folks make it through this? I am pretty sure not all their eggs are in that burnt down basket.

Reply to this note

Please Login to reply.

Discussion

Bitman 1y ago

This is just the beginning... Mass printing will take off during the Trump administration. To put it in perspective, $170 billion has already been sent to Ukraine...