Donald Trump would prefer that voters not worry about inflation. But it’s hard for them to ignore.
Filling up a basic Ford F-150 truck now costs about $100, up $30 from a year ago. Mortgage rates have jumped to levels that have depressed home sales. And for the past 12 months, consumer prices have risen faster than paychecks, making the average family poorer.
One week before midterm elections that will serve as a referendum on his second term, Trump is struggling to deliver on his campaign promise to bring down costs, even as he insists the country has entered an economic “golden age.” The same frustration that powered his comeback two years ago could now cost Republicans control of Congress.
The Republicans have been the party of inflation since the Nixon Shock. If the money in your pocket is dissolving, then you’re encouraged to invest in businesses to save for retirement. Then once you’re dependent on those investments, you’ll defend them.
They want every American drowning in debt. They want us living paycheck to paycheck. They want us to fail and then call us lazy, irresponsible, and financially illiterate. The purpose of a system is what it does.
No the system can certainly behave in a way that was not its intended purpose.
Ostensibly capitalism is about trade and labor and resource distribution.
De facto it is a vehicle for wealth concentration and creating an advanced feudal state.
Ostensibly it isn’t, look it up on Wikipedia.
There’s benefit of the doubt, and then there’s gullibility.