# Printing More Money Will Not Stop Inflation

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Last modified: 2021-08-25

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By Paul Ebeling · 2021-08-25
Tags: Politics, Trump, Fed, economy, inflation, Democrats, spending, congress, Paul Ebeling, America, President Trump, Freedom, Featured
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#Democrats #economy #spending #inflation #Congress #Fed

"*Short term gain begets long term pain"* -- Paul Ebeling

"*Congress is promising more and more trillions in spending and the Fed is building up an "inflation tsunami," showing no sense of history or economic literacy,*" former Trump White House trade adviser Peter Navarro said today in an interview.

*"This is the most catastrophic piece of legislation that I have ever seen in my lifetime that they are about to foist on the American public,"* Mr. Navarro said Wednesday  referring to the Senate's $3.5-T budget reconciliation spending plan.

*"It's not just Congress that's screwing things up. The Fed is printing money."*

"These people don't have any sense of history. They don't have any economic literacy. You can see I'm hot on this."

Mr. Navarro is hoping a moderate Democrat in the Senate such as Senator Joe Manchin (D-WV) will keep the reconciliation bill from getting the 50th vote.

"*Maybe Manchin will save us in West Virginia when the votes are finally counted, but somebody's got to step up,*" Mr. Navarro said.

Despite some promising news that the economic indicators are improving amid the global coronavirus pandemic, Mr. Navarro said the short-term gain will ultimately give way to long-term pain.

*"There's no decent good news on the economy as far as I can see with respect to the inflation tsunami that's coming at us," *Mr. Navarro continued.

"*The misery index that Ronald Reagan talked about which got him elected is going to come back to us with a vengeance here. So, whatever might come out on a daily basis is dwarfed by the plummeting consumer confidence, the activities at the Federal Reserve*."

"*There is no stopping inflation by passing more trillions in spending measures and printing more money to bail out the Democrats' plans",* he said.

"*We have the worst inflation since the 1970s and these SOBs on Capitol Hill, they're like in the ballroom of the Titanic just whistling and singing on*," Mr. Navarro said of Democrats in Congress.

Have a prosperous day, Keep the Faith!

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