The average increase of our monetary base has gone up about 5% since 1961. For the Y2K anticipated emergency and the 9/11 catastrophe, it rose 10%. But today the increase is well over 100% and rapidly rising. Yet, we listen to administration officials who keep telling us all this will be taken care of.
The U. S. issues bonds to pay for its debts but those bonds will not easily be refunded. Also, there is little likelihood the economy will expand to soak up any of that paper the government is, in effect, printing through the Federal Reserve system. Inflation will eventually start to show up, Not immediately, but as soon as the economy starts to fully recover.
It may take some years. But then, watch out!
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