Government budgets today are not the same as those of the ea...
Government budgets today are not the same as those of the early 1900-1980 period.
People give too much credit to politicians. They're beholden to the free markets today.
And even if they could control it, today we're in a global free trade world.
People are still spending, even on credit cards. They're not adjusting enough.
We'll be higher for longer on rates. Maybe it will sink in and demand will slow.
I do consider the $300 electric bill rebate good and not too inflationary.
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