First, it is a common myth that printing more money causes inflation, but it's not true. The increase to the money supply that would be required to contribute to inflation is unprecedentedly massive. We're talking about creating an additional billions of dollars daily to increase inflation even a miniscule amount. It's just not a factor.
In theory, what you suggest might be possible. But you'd have to destroy WAY more than a million dollars. Destroying even $1 billion would only decrease the money supply by 0.0005%. Even that would not make inflation move a bit.
It's also worth noting that inflation was decreasing from the peak of 6.6% back in September 2022 to less than half that, at 3.1% a year ago. Meanwhile, the tariffs have made little to no effect on inflation overall either way, at this point. But if these uncertainty trends continue, it will still hurt the upper-middle class and downward.
Meanwhile, it is astoundingly arrogant to me that people think it’s a-okay to be earning the same amount of money as people did in 2009, $7.25 was the federal minimum wage. When you factor in inflation, 2009’s $7.25 would be valued at $4.82 today.
If we’re the most economically successful country in the world, we wouldn’t have almost halved the value in less that 15 years. It’s not self-defeating to raise it if costs go up. It could actually be used as a deterrent to keep costs down!
By consolidating the federal government but allowing that singular person influence over state decisions, could be considered expansion and consolidation. It is indeed their plan.
They believe the bureaucracy prevents direct control, and they’re right. But they don’t understand the benefits of a slow moving government. They want quick and fast results. Regardless of the outcome. If there is a mistake, they believe it can be easily remedied. But that entirely depends on the singular entity in control.
No, he has this right. All MAGA are neoliberals, whether they like it or not. They may identify as conservative or say they support the constitution but their voting and representatives do not reflect a conservative thought.
