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Re: The State of Our Economy
By raising taxes, as this admin has announced it plans to do, private equity that would have been available to the economy will instead be locked up to shield it from confiscatory taxes rates. This will have a "snowball" effect throughout the economy.
Meanwhile, the Fed's current habit of printing money with nothing to back it will lead to inflation. We're set for a repeat of the "stagflation" of the 1970s. A stagnant economy with relatively high levels of inflation.
About the only good news is: a busted economy may help to keep oil and gas prices down. Of course, OPEC found a way around that problem back in the 1970s as well.
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