Democrats hope to press the "affordability" issue in this year's midterm election season, but there's one potentially glaring problem for them, as illustrated by our friends at Unleash Prosperity...
[caption id="" align="alignleft" width="668"] Biden Versus Trump on Inflation[/caption]
Try this thought experiment: You are sitting on a pile of cash or cash-equivalents. You are worried about the overall economy, and particularly about your nation’s debt. Inflation is almost nonexistent right now, but you know the most common way for nations to pay off debt is to inflate their currency. Your cash, therefore, may lose value – and it sure as heck won’t grow appreciably, even in the highest-yield CD you can find, because right now interest rates are negligible. In fact, the central bank’s official interest rates are, for all intents and purposes, zero. Big banks…