We are one month short of a year now in which the Fed has made ZERO progress on inflation. The CPI graph proves that year-on-year, we have chopped nothing but sideways.
In fiscal 2023, the deficit averaged about $147 billion per month. That means taking all of the wealth from our top five billionaires would cover the deficit for about six months.
If they continue along this path, huge amounts of capital will be misallocated or destroyed. Trillions of dollars will be wasted by governments for political reasons.
