Productivity gains in consumer electronics have not been able to exceed the erosion of the currency’s value.
Bills such as Build Back Better are just a piece of the reason — we have more coming. We have a huge demographic issue, and a huge Social Security and Medicare bill not yet paid. Shoveling out more money and writing more IOUs will not help matters.
So, RIP, BBB. Please stay dead.
Author(s): Mary Pat Campbell
Publication Date: 21 Dec 2021
Publication Site: STUMP at substack