Comments by "Charles Brightman" (@charlesbrightman4237) on "Mark Levin: Our country is being destroyed" video.
-
AMERICA IS DESTINED TO BE NO MORE ONE DAY:
ECONOMIC INFLATION:
The way I see it is that regardless of the currency utilized (gold, silver, fiat, crypto, etc), economic inflation is still economic inflation. ANY economic inflation over previous economic inflation, overtime, eventually becomes exponential economic inflation. If an entities' wages, benefits and investments do not keep up with the true cost of inflation, then the entity falls behind in buying power and becomes poorer. A nation will eventually fail as will a global economy will eventually fail with ever increasing economic inflation because most people do not have wages, benefits and investments that keep up with the true cost of inflation. And this includes businesses as well. They also get zapped with ever increasing economic inflation. Math is still math and compounded economic inflation is still compounded economic inflation.
You want to help the nation and the world? Change the US Fed's economic inflation goal of 2% every year to 0% every year. Also, can possibly take away the US Fed's dual mandate of price stability and maximum employment to just having them take care of price stability. Let the markets take care of employment. Does anybody think the US Fed can take care of even that single issue all by itself? Price stability or bust?
And as a nation gets greater, shouldn't it's currency be able to buy more, not less?
And as people bought more, more would have to be produced, which would possibly mean more jobs, which could provide more income, which could buy more things, which would possibly mean more jobs, ............
2