I’ll vote for whichever U.S. presidential candidate will stop printing excess money.
Ever since the repeal of the Glass–Steagall legislation by President Bill Clinton in 1999. Our government has been needlessly printing money, putting inflation into hyperdrive.
Glass-Steagall was put into place in 1933 after the Great Depression to keep banks from placing any private deposits into the stock market.
After its repeal in 1999, the banks could then put your money into the stock market without your permission, thereby making the market go up.
When this failed, the government would go on to print money to bail the banks out. Some of this printed money would go into the stock market, while some would be kept as a greater reserve to hedge against the bank needing another bail-out.
This has happened since 1999, many times, with many banks.
Every time it happens, inflation increases as the amount of money in the game increases.
Since COVID, this has gone into overdrive as the government printed money to stimulate the economy again during COVID.
The COVID lockdown is fully over. There is no need to print money other than to delay the stock market from crashing while inflating our money in the process.
Inflation is a hidden tax as the government no longer raises taxes, but rather prints more money to cover its debts instead. They no longer ask you for the money. They simply print and take.
