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Frederick Miles
The Hill
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Comments by "Frederick Miles" (@frederickmiles8815) on "Panel: Republicans Are Still Trying To Convince The Public Biden Is Radical" video.
More spending will shrink the economy - it is deflationary that is why inflation is not coming until there is a liquidity crunch (caused by margin calls, multiple gamma squeezes, increased taxes, rates going near 2, and zombie companies unable to live even off of insanely low rates). Even then it will be transitory in nature, spending combined with late rates is just making the everything bubble worse. Commodity prices are currently increasing and wholesale profit margins are getting crunched - the consumer cant afford to pay more - this will lead to less production and less supply and increased dollar scarcity. Which for context was 28-29 pre crash; it is dis-inflation, spending can temporarily re-inflate the bubble, but in the end everyone's short position gets called (even the holder of the reserve currency). It is not radical, study history - it is the death knell. But honestly this would still happen if Trump won; at least Papa Joe is trying. Yellen was a good awful pick; and paper hands Powell is panic'ing again.
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