Quote:
Originally Posted by Lizap
A significant problem is the huge deficits. The tax cut will only exacerbate this. Likely to eventually lead to soaring inflation.
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Uh,... not so fast, Kimo Sabe.
The tax cuts only ADD to the national debt... just like the last 45 budget deficits out of 49 have.
That's called monetary inflation.
So where is the concomitant price inflation?
Well, it's all over the place.
Some is in the economy, but not in the US gov's CPI. (my, how apple martinis have gone up!).
And maybe, some stayed at home and went into assets, like... um, real estate?
..or maybe the stock market?
But ..ooh, I think a SH!TL0@D created by debt has been purchased, i.e. EXPORTED, to China and friends.
YIPPEE! ...(NOW LET'S HOPE IT STAYS THERE).
Geez, money works in wondrous ways, don't it?
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