Inflation is a problem. People look at soaring property values and think how much more valuable their land has become when actually the only thing that has changed is that the dollar is worth that much less. I have no proof, but I am pretty sure that the rate of inflation reflects that amount of money the government has borrowed. The bigger the deficit, the higher the rate of inflation. The government is stealing from anyone who has big pile of cash. A big pile of cash, or money sitting in a savings account at a bank, is losing around 10% of its value per year. If you don't want that pile of money to disappear, you need to put it to work, hopefully doing something that will bring you some profit. This is the big reason the stock market has been booming lately.
The US government's deficit is so large some people are afraid the whole thing is going to collapse. That will happen when the US government can no longer sell bonds. When that happens the whole house of cards is going to collapse. However, this is not going to happen as long as we keep buying oil from Saudi Arabia because what else can they do with their money? You could buy all the Lamborghinis in the world and it's not going make even the slightest dent in the zillions of dollars that are flowing into the Kingdom's coffers.
16 hours ago