Biden: Rising inflation is an asset! A real economic genius.

BIDEN DOES BEST WHEN HE TALKS THE LEAST

WE WILL SEE HOW LONG HIS "GETTING OUT THERE", CONTINUES 

Last week, Joe Biden responded to a question by reporter Peter Doocy about the political fallout from increasing inflation by calling Doocy a dumb SOB and stating that rising inflation is an asset. I do not know of any economic theory or philosophy that lists increased inflation as an asset. Someone has to ask Biden what economic philosophy he is pursuing? Is this part of " Modern Economic Theory", the half backed theory of marxist progressives.

Inflation's most damaging effects are felt by the lower parts of the economy. Those without real assets that might increase in value as a result of inflation. Usually the increase is just in the appearance, because the increase in value is really a reduced value of the buying power of money, which if the asset is sold will not buy as much as before inflation.

Anyway, those who are living with just minimal wages and dependent to rent and most of wages are expended on necessities may very soon be put in an untenable position. Of course, the government can then appeal to them to save them, from the predicament that the government has created. So, I guess that is what Biden is talking about, an asset of the government, in its quest to acquire more power.

Or is it the fact that with a $30 trillion national debt, that the government hopes to devalue the buying power of our hard earned and saved dollars to minimize the percentage size of the ever growing national debt. Yes, If you are a big totalitarian government apologist, increasing inflation, in your corrupted eyes, is an asset.