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Treasury Secretary Yellen says spending bills will be anti-inflationary, lowering important costs

Treasury Secretary Yellen says spending bills will be anti-inflationary, lowering important costs



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14 Comments

  1. It’s so absurd how the media and central bankers have literally convinced everyone to change the definition of inflation to something so subjective and indescribable that nobody can even agree.

    The fact of the matter is that money printing IS INFLATION. Prices are a very complex system, like the weather. And similarly to how carbon dioxide doesn’t doesn’t directly correlate with immediate or even definite changes in global temperatures, money printing doesn’t directly correlate with immediate or even definite price increases necessarily.

    But the fact remains the currency has been counterfeited. The damage is done when the money is printed. Because it’s unethical and a crime to steal from people through counterfeiting their currency. That was never part of the deal.

  2. tldr; US Treasury Secretary Janet Yellen has said that the administration’s infrastructure spending proposal will lower inflation by reducing costs vital to households. “I don’t think that these investments will drive up inflation at all,” she said. The $1 trillion infrastructure and companion $1.8 trillion climate and social spending spending plans have been pared back considerably during negotiations with Congress.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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