The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists. – Ernest Hemingway
Neo-Keynesian Chaos: Since taking office, the Biden-Harris administration has fired up spending and expanded government jobs. Their goal? Boost GDP numbers and job stats with an army of public sector workers and a dizzying array of new initiatives. But there’s a side effect—skyrocketing inflation and debt that are hitting Americans where it hurts.
- The Biden-Harris administration’s aggressive spending and job growth policies aim to inflate GDP and employment numbers, primarily through government roles.
- Soaring inflation, fueled by relentless spending and currency printing, leaves little room for private investment, jeopardizing economic stability.
- A potential shift back to lower government spending may trigger a recession, revealing the economic vulnerabilities created by current policies.
The Price of Printing Money: Inflation isn’t just a number; it’s the undeniable rise in prices every time we hit the gas on currency printing. Corporations, wars, even supply chains—they impact individual prices. But what drags every price up year after year? Government-led spending and currency devaluation. Over four years, inflation has ballooned to over 20%, and with deficit spending nearing $2 trillion annually, the debt has climbed to a staggering $36 trillion. Each month, around 43,000 new government jobs pad the numbers, keeping growth alive on paper, while the private sector struggles to keep pace.
A Ticking Economic Time Bomb: It’s a strategy with high stakes: make the economy so dependent on government spending that any future administration attempting to cut back is almost bound to trigger a recession. The playbook? It’s one we’ve seen before in countries like Greece and Spain. But Americans are catching on, with approval ratings on the economy plummeting. Taxes are up, and inflation has small businesses and families struggling. So, what’s the alternative? Slash government spending, boost private investment, and rebuild. For the U.S., it’s a choice between short-term pain and long-term gain.
What’s Next? If leaders can streamline government spending and reduce debt, there’s hope for a stronger dollar and an economy driven by private enterprise. But if things stay the course, there’s no telling what inflation and job dependency on government payrolls could do to America’s future.
The Morning Muster
