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Memories of the 28th Century

Miscellaneous thoughts about miscellaneous matters

  1. Inflation Policy

    by , 04-27-2022 at 10:38 AM (Memories of the 28th Century)
    I saw a letter to the Editor in the Daily Hampshire Gazette that asserted that present inflation was a result of Bidenís policies. That is a false accusation. There has been inflation at substantial levels for several decades, and it has been a deliberate policy of the U.S. government. The inflation policy was established to ensure that the government could make money by selling long term bonds.

    Bonds are sold by the Treasury Department with a fixed interest payment, and the actual ...