According to the news, residents of California will soon receive up to $1,050 to make up for rising gas and food prices. We are addicted to cheap stimulus money that will further devalue our dollar and make inflation more probable. It's like throwing gasoline on a fire, but worse.
The rise in prices is a sign that inflation is in full swing. Price gouging and the affects of lockdown caused by the government are mainly responsible for the inflation, so why not throw more money at the problem instead of working on the root cause?
The end result is predictible. More reliance on public funds and more price gouging. This is as a recession is at the gates. Stay tuned folks!
Posted on Hive, Blurt and Steemit
Read about the gas stimulus here:
https://www-cnbc-com.cdn.ampproject.org/v/s/www.cnbc.com/amp/2022/06/28/inflation-relief-checks-worth-up-to-1050-dollars-per-person-may-come-to-california.html?amp_js_v=a6&_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16565407987918&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s
