Barrel of oil
Week ago: $128
Now: $99
Gallon of gas
Week ago: $4.17
Now: $4.32
Oil company profits are at 7-year highs, they get $180 billion a year in government subsidies and they're issuing $88 billion in buybacks/dividends this year.
Do the math.
New federal debt since 2020: $354B.
Share of it bought by central bank: $302B — or 84%.
Face it: this government has embraced the crackpot “Modern” Monetary Theory of paying bills with printed cash.
A modern idea that’s thousands of years old.
Not much to get excited about in 2020. But this is a great way to end the year, Dakota has signed to play with @pandasbball next year! So proud of this kid and all the work she has put into achieving one of her goals! Awesome job Dakota!