The government’s response to COVID has had far worse consequences than they imagined…

Historic bank failures, interest rate hikes, inflation, etc.

But inflation has had BY FAR the biggest impact on average Americans.

In most circumstances, inflation is a sort of invisible tax that disproportionately affects the poor.

In this case, it’s not invisible at all…

Prices have risen so much, so fast, that everyone has felt it—significantly.

Need I say more than eggflation and $9.00 for a 2x4….

If this hasn’t been a lesson to the government that actions have consequences, I don’t know what it would take.

COVID was rather unprecedented, but it doesn’t take an expert economist to know that minting 1/3 of all USD in history in a year and a half would have MAJOR backlash.

Was there a way around it?
I’m not sure.

What I do know is that it would be a wise decision to never go down this road again.

—
Digging deep on banks is what I do.

🔔 Follow Brian on Linkedin: Brian Pillmore

#banking 

#inflation 

#invisibletax