I am not an economist but that is not necessarily a bad thing when you talk about economics. Consider Paul Krugman, a Nobel Prize winner in economics. He seems to get it wrong all the time. His economics are always offered in light of his Proregressive* values and not on the facts. With that disclaimer I am going to tell you today that the coming inflation is not our big worry. It is just a smoke screen for the real attack on America.
Inflation we have had before. I remember the Jimmy Carter days when people were buying homes at 18% interest. We lived through it. We have more of the same coming. It will be bad. You can’t just keep printing money, giving it away to the unproductive and try to tax it out of the working people without having massive inflation. Admit it. Deal with it. All of the things they say about transfer of wealth and manipulation are true, but again, just a smoke screen.
What this smokescreen is covering up is something we might not survive. It is the attacks by Biden and his Proregressive* buddies on the concept of personal property. The most obvious is the current extension of the moratorium on rent and mortgage payments.
This is bigger than the class struggle that Marx envisioned. Even according to Marx, we have always had that. It is very clever. The goal is to weaken the United States by making the American dollar worthless. They want to reject it as the world currency. Right now most international trade is conducted with dollars. People trust it and stockpile it for hard times. Sure we have inflation, but so does the rest of the world. They keep buying dollars anyway. Why?
One reason the American economy is so resilient is that people in other countries feel they can invest here. We have a history of a government that does not confiscate property on a whim. Even if we have inflation they know that their investment would still be there. They trust us to be stable and reasonably honest. Or rather they used to. With the government saying that tenants can stay rent free what they are doing is making foreigners think twice before investing in America. Would you invest in low cost housing if you felt the government was going to declare that your tenants didn’t have to pay rent? Would you loan money to a home buyer if he could get out of repaying the money?
Again we go to the Communist Manifesto. They were very clear in what their goal was.
“In this sense, the theory of the Communists may be summed up in the single sentence: Abolition of private property.” Kindle Location 239-240Marx, Karl. The Communist Manifesto, 1848, Project Gutenberg download
*(Liberals, educators, the media, socialists, communists, crony capitalists, elites, Rinos, Democrats, leftists, Never Trumpers, Antifa, BLM, MSM, Deep State, etc. Synonym for swamp dwellers)
homo unius libri