Inflation isn’t going anywhere. Just look at the latest data from Europe — a recent study says that the cost of borrowing is now 0.2% of income, down from 0.3% in 2009!
“The cost of financing an emergency in the U.S. is now below 0.1% of income, a substantial jump compared to the 0.4% level before the financial crisis. For anyone thinking of borrowing for something other than an emergency right now, that’s great news.”
Not bad, not bad at all. But you have to realize that this is for a very specific purpose: to allow people to borrow more money. If you have no money, you can’t borrow it. You can’t borrow in order to buy something, either. If you need something immediately, it’s much more difficult to find a loan or borrow from a bank or other entity.
This is not “bad news” for all Americans — this is good news. It’s great news because it means that if you are in need and cannot find a loan or a credit card or other type of loan, you can get a loan instead.
And if you are poor and cannot get credit, if you are in a hole, with no money but with no credit at all, the government can take your money.
And if you are a very poor person, who has no money, no credit, and no way to borrow anything, then you can get a food stamp or unemployment check. And you must.
In the end, this is all about giving people something they need so they can survive.
That is a great way to describe socialized medicine.
But now, you may be thinking, “If I was really hungry, I would get food if I could. If I had no money and no way to get a loan, I would get a loan if I could. If I was really poor, I would get a job so I could earn money so I could have a roof over my head and food in my belly.”
And then you would get your food, your roof, and your clothes and your health care.
But you can’t get a job, because, well, maybe the government would give you one — perhaps by setting up a system of employment that would have a
