I’m so old, I remember the last time the government admitted that the inflation rate was 7.5 %. Of course, they bragged about the rate having come down from a much higher peak back then. Today, the rate is on the way up.
The Gentle Reader may remember that I once said that Carter’s second term would be a best case scenario for the present administration. That was much too optimistic. We’re already in James Buchanan territory and rapidly headed downward.
No matter how much free money a government hands out to people under the guise of “safty net”, “emergency relief”, or “family support”, that free money is useless if no food, shelter or clothing is available for purchase. If people are paid to not work, then nothing is being produced. People starve to death waiting for someone else to actually produce something eat. “Free money” becomes useless paper.