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Free Money Is About to Get Very Popular, I Predict
The next president will offer some kind of guaranteed income for the working class
Who wouldn’t vote for free money?
I really thought the pandemic would usher in an age where politicians won elections by promising free money — those stimulus checks were so delicious for so many working families.
The pandemic stimulus checks were not employment based. If you were single and made less than $75,000 a year — $150,000 if married — you got thousands of dollars in “free money,” and many were able to sock this “Manna from heaven,” away, or splurge on Peleton bikes, fancy vacations, designer clothes, plastic surgery, or for down payments on homes.
It’s no wonder, 2021 was a year of such tremendous consumption.
Are the trillions of dollars printed during the pandemic to blame for the current worldwide inflation and likely recession? Maybe. But it’s more likely it was the straw that broke the camel's back.
Eventually, central banks will have no choice but to blink and admit the debt they’ve printed out of thin air will never be paid back. In fact, this printed money never really existed in the first place —it’s just meaningless numbers on a ledger that will be erased, forgotten, or forgiven someday.
