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Joe vs. The Economy

After pretending to know something about the global supply chain during his speech in Baltimore, Joe then urged people to Buy American; a bit of a contradiction, either there’s a global economy or there isn’t – but I digress…

The problem facing Americans today is record-setting inflation (okay, one of the problems). The solution to the biggest drop in purchasing power in thirty years isn’t buying American (stay with me).

Inflation happens because there’s too much Monopoly money floating around and it loses its value (ref. R. Mugabe). The answer to inflation is to reduce the money supply; ideally, by giving it to someone who wants it.

If people in other countries are willing to trade their physical goods for our worthless Monopoly money, thereby reducing domestic currency levels and increasing the comparative value of the dollar, what’s the downside?

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