Originally Posted by El Minion
The Federal Reserve is printing $80B dollars per month in order to keep a ZIRP. Without that, interest on our $16T debt would eat up all our tax revenues. Unfortunately, that also means that U.S. Citizens can no longer gain interest earnings on their wealth. It also means that Social Security cannot grow like it's supposed to, in order to be somewhat sustainable.
Deficit spending is also highly inflationary, as evidenced by skyrocketing prices in the real estate, healthcare, commodities, and education industries (to name a few).
Therefore, not only are prices going up, while the dollar devalues, but our wealth is also not growing...creating a deadly mix, where we all get poorer. Except of course people who are lucky enough to hold real assets.