(03-26-2020, 05:54 AM)The Real Marty Wrote: The big questions I have about the stimulus are:

1) Will it be enough or will we have to do more?

2) What will be the side effects of all this additional public debt?  

3) What will be the side effects of all the additional private debt people take on as they try to survive this period either without a job or if they have a business which will be losing money during this period?  

I've seen predictions that the US economy could contract by as much as 25% or more.  Meanwhile, we helicopter money into the economy to try to keep it from complete collapse.  This cannot possibly be without long term cost.  We're handing people and businesses money at a time when they aren't producing anything.  

So what I am thinking is, right now, with asset values falling, cash is king.  But in the long run, cash may be trash, as inflation comes to life.

Because the only solution to crushing debt is this hidden tax called inflation- reduce the value of the debt by reducing the value of the currency.  Borrowers win, savers lose.

1. I predict this will be 1 of 3 direct cash stimulus infusions over the next 4 months.

2. No one cares about our national debt so it sits around 28 trillion by year end.

3. Americans are conditioned to accept debt slavery, so paying $4 for a loaf of bread with the old Discover card wont bother them all that much.

Read the book Fiat Money Inflation in France by Andrew White for a peek at the future. Short version is revolution and despotism.

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