Ford October 2022 sales (U.S.)The U.S. economy had been rolling along very well for 10 years with moderate growth, low inflation, and historically low interest rates until the fools in power decided it was a good idea to massively increase federal spending at a time when the economy was beginning to recover from the covid induced supply shortages. The massive green deal spending and the inflation reduction act (as if the way to reduce inflation was to increase spending by hundreds of billions of dollars) were the perfect way to insure inflation rates would increase and stick with us, which as jbd correctly points out, hits the poor disproportionately hard. Both of these spending disasters serve as examples of exactly what not to do.Fri, 04 Nov 2022 23:38:20 +0000
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