Dec 14, 2022
Over the past century, three constraints on the
federal government have failed. When we started ignoring
Constitutional constraints, we opened the door to massive increases
in federal spending. When voters started asking politicians for
more “free” stuff, we walked through the door. And when we went off
the gold standard politicians were able to strong-arm the Federal
Reserve into funding the massive spending. What transpired was
unsustainable spending, which created unsustainable debt, which
required money printing, which is causing inflation.
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https://www.industryweek.com/the-economy/trade/article/21949510/bite-the-wax-tadpole
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