Goldman Sachs cuts US economic forecast after Joe Manchin rejects Build Back Better https://t.co/JGFhqb1zZu
— Jim Acosta (@Acosta) December 20, 2021
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Goldman Sachs cuts US economic forecast after Joe Manchin rejects Build Back Better https://t.co/JGFhqb1zZu
— Jim Acosta (@Acosta) December 20, 2021
Comments are closed.
“Inflation is very simply the debasement of the currency,” according to Capitalist economists. (Like Joe Manchin?)
That is nothing more than of right-wing reactionary Capitalist economic claptrap.
It’s an axiom of Capitalist Theory that prices always increase when supplies are limited (scarce).
“Too many dollars chasing too few goods.”
Another Capitalist axiom states that when supplies are plentiful (in surplus) prices fall.
Capitalist economists are practiced liars and prevaricators.