Derrick (@Derrick_L)

The next #stimulus plan may lead to a huge debt-#deflation spiral #Japan-style if population aging and #deindustrialization continue, or even worse, #stagflation if the #government decides again to use the misguided #stimulus #checks. You got $1,000 from the government, and the #inflationary tax took $3,000 from you. It is evident that we have reached the point of #debt #saturation, where new stimulus packages simply generate no multiplier effect but make #citizens #poorer until the next one makes things even worse. Someday, #policymakers may start to realize that progress comes from #saving and #prudent #investment, not #spending and #debt. https://www.dlacalle.com/en/u-s-consumers-are-suffering-in-a-less-than-robust-economy