By Jane L. Johnson
The government’s inflationary borrow-and-spend policies have given Americans a false sense of prosperity. In the end, such policies are unsustainable.
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39 sats \ 6 replies \ @Satosora 9 May 2024
Just imagine if americans started saving their money.
That would easily change the market and Americas future!
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20 sats \ 5 replies \ @Undisciplined OP 9 May 2024
Unless they’re saving in bitcoin or gold that would make inflation more lucrative for the ruling class.
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21 sats \ 4 replies \ @Satosora 9 May 2024
Saving in general would help stop this tailspin.
Be it bitcoin, gold, or just putting money in their savings account and not spending frivolously.
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10 sats \ 3 replies \ @Undisciplined OP 9 May 2024
The problem with that last option is that they can steal your fiat savings by inflating away the value.
The more fiat savings there are, the more wealth they can transfer to themselves.
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69 sats \ 2 replies \ @Satosora 9 May 2024
True.
But in general, if americans save a bit more money, inflation would be depressed.
And prices of things would go down because companies would want you to spend money instead of saving.
It would change society as a whole.
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10 sats \ 1 reply \ @Undisciplined OP 9 May 2024
I fully agree and have often encouraged people to behave like that.
Apparently, I’m in a cynical mood tonight.
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