Yes...during a fiscal crisis. This is the money supply. It's 50% higher than 2.5 years ago. The fucking slope should have normalized a LONG time ago, but the government just keeps pumping cash into the economy. As my point from MF said...inflation is always and everywhere a MONETARY phenomenon. There's an extra $3 Trillion dollars more in the economy in the past several years than there should be...
BTW, tax cuts were financed? Ummm, no...it was the SPENDING that was financed. The money that comes in as tax revenue isn't the government's in the first place.
Why don't we ever look at THAT side of the ledger? Of course, over 50% of the spending is welfare/social spending, so I actually know why...Bur, I will say I blame BOTH sides of the aisle for this. NO ONE will make the hard choices that need to be made regarding any kind of spending the government does.
And I take the Ag with kids comment with pride. I'm an extremely lucky man in life to have these kids. Kind of sad that you're taking to insults now, though. You used to be better than that. But, maybe the tack this site has taken has changed you. Hope you get back to being the guy I remember from, holy fuck, about 20 years ago...