People are still paying these prices. All industries are booming. Taylor Swift’s Eras Tour made like $750M. Most countries went overboard on stimulus spending during covid. To the tune of trillions of dollars. That money is still slowly making its way into the economy. I think it will take years to normalise. In the mean time, US debt is at $33T and climbing fast, meaning we should expect QE at some time in the future, exacerbating inflation further.
The prescribed solution to this mess is crystal clear: higher taxes AND reduced spending. Both. At the same time. Very important. Otherwise we should expect inflation and rates to remain high for the foreseeable future.
People are still paying these prices. All industries are booming. Taylor Swift’s Eras Tour made like $750M. Most countries went overboard on stimulus spending during covid. To the tune of trillions of dollars. That money is still slowly making its way into the economy. I think it will take years to normalise. In the mean time, US debt is at $33T and climbing fast, meaning we should expect QE at some time in the future, exacerbating inflation further.
The prescribed solution to this mess is crystal clear: higher taxes AND reduced spending. Both. At the same time. Very important. Otherwise we should expect inflation and rates to remain high for the foreseeable future.