Also, let's never forget that the only other way the Gov't can offer this 'free' stuff is through money printing, which causes inflation. The inflation mostly happens to assets that rich people predominantly own, like real estate, stocks and debt. The rich get richer from inflation.
The true inflation rate is not 2% like the feds claim. It's closer to 5% when you account for the asset bubbles. The 2% official inflation rate is just the consumer price index (which is inaccurate for older people due to medical costs).
Economists claim that if there's no inflation, consumers will save their money instead of spending it. But what's wrong with that? If people are more financially secure, they'll be able to keep up their consumption at a steady rate in the long term. They will be more economically confident. India and China are doing great when it comes to economic growth even though their savings rates are 20-30%.
Inflation just forces people to turn to Wall Street in order to have any hope of retiring, which in turn makes the cabal richer because they have more funds to speculate with.
Also, let's never forget that the only other way the Gov't can offer this 'free' stuff is through money printing, which causes inflation. The inflation mostly happens to assets that rich people predominantly own, like real estate, stocks and debt. The rich get richer from inflation.
The true inflation rate is not 2% like the feds claim. It's closer to 5% when you account for the asset bubbles. The 2% official inflation rate is just the consumer price index (which is inaccurate for older people due to medical costs).
Economists claim that if there's no inflation, consumers will save their money instead of spending it. But what's wrong with that? If people are more financially secure, they'll be able to keep up their consumption at a steady rate in the long term. They will be more economically confident. India and China are doing great when it comes to economic growth even though their savings rates are 20-30%.
Inflation just forces people to turn to Wall Street in order to have any hope of retiring, which in turn makes the cabal richer because they have more funds to speculate with.