The fed prints the money the feds hand out. This is unsustainable. #EndTheFed @mmaharrey10th pic.twitter.com/2RapLrdDYx
— TenthAmendmentCenter (@TenthAmendment) August 12, 2021
Debt, Debt, and More Debt
The Los Angeles Times is concerned about the possibility that Republicans might not agree to raise the debt ceiling when it is set to go back into effect this month after a two-year suspension. In an editorial entitled, “The Federal Debt Limit Drama Isn’t a Fight Over...
Political Hacks Concoct Excuses for Inflation
Jerome Powell, after last week’s FOMC meeting, said inflation has run hotter than expected. However, he wants to assure Americans that the destruction of their dollars’ purchasing power is “temporary.” His diagnosis? Ballooning demand for goods and...Politicians tell us we can keep borrowing and spending and the #nationaldebt will just go away. They're ignorant. Or lying. Or both. @mmaharrey10th pic.twitter.com/PVPfLoNzMk
— TenthAmendmentCenter (@TenthAmendment) June 27, 2021
Economic Myth-Making By Politicians
Politicians often claim that we don’t have to worry about the national debt because “we can grow our way out of it.” This is economic myth-making. Politicians tell us we can keep borrowing and spending and the #nationaldebt will just go away....