Re:US Series I Savings Bonds Now Yielding 7.12%
by newacct583 on Monday November 01, 2021 @07:26PM
(#29074718)
> Those are transitory
Exactly. So is the pandemic. And so is the resulting inflation. I think you agree with me.
Those are transitory, and even if they become permanent, never forget, inflation is a compounding process, so to keep up there must be the political will to re-up them. Moreover, the irony is that the way to fund the relief bills is to create more inflation.
You are advocating putting all of society on an accelerating treadmill that pushes people backwards towards poverty.