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Travel · 1 mentions
#1992588195389751542
Affordability: Everyone is talking about it. It’s entirely understandable and easy to fix…just no one wants to really fix it. #1 - Governments (Fed, State and Local) + Regulation eat up 51% of our GDP (everything we produce). If government takes that much from us no wonder we can’t afford things. #2 - The Fed has tripled the money supply in 18 years. Who wins when that happens? People with assets. People without assets end up with higher prices, but no more resources to pay for things. The Fed has caused one of the largest increases in inequality in the history of America. And guess what? For those with lower incomes, things are less affordable. So, what happens when big government and dumb Fed policy combine to cause inequality and un-affordabilty? Younger generations (who can’t afford assets) start blaming older generations (who have accumulated assets). Younger generations start gambling on single day options and meme coins. And voters start looking for even more government redistribution, which will only make things worse. The only way to fix this is to dramatically cut the size of government (both overall spending and the size of the Fed). But DC won’t do this, and voters who have learned to live off of government will resent it. So, either we bite the bullet and fix our deficits and broke governments, or things will just get worse. Your choice. Which way will you vote?