By The FirstLength 9:32
Economist Peter St. Onge and Jesse explain this financial death loop the American economy finds itself in now. Government officials want to continue to spend, so they pass billion dollar bills that aren’t paid for, and because they don’t want to stop spending, inflation can never stabilize as a result and interest rates continue to go up, pricing the average American out of the market. As a result, you end up like the American economy: an elephant desperately trying to balance himself on a balloon.
