The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
@BrianTinney@mcuban Rising prices is not the same as inflation. Rising prices is one possible, albeit common, symptom of inflation.
Inflation is expansion of the supply of money.
Mark,
Ok here we go. 100 days to public debt freedom (PDF)!!!
1. Immediately cut government spending to reduce debt/GDP below forecasted GDP expansion forecasts. Take in 1 dollar spend 15 cents(or 85 to be realistic)
2. Cut regulation to expand tax revenue.
3. Deficit flips to surplus and servicing of existing debt goes down.
4. Fitch upgrades U.S. to AAA lowering servicing costs even further.
5. Prices go down as fiscal spending is pulled from the money supply.
But what do I know; I am just “trying to make a dollar out of .15 cents”-Tupac
@BrianTinney@mcuban Drilling is a supply/demand approach to lowering prices. It has merit as such. It can even help.prevent inflation from raising prices as it may stimulate GDP growth. But it will not affect inflation.
@mcuban The only way to stop inflation is for the Government to spend less and print less money. Period end of sentence. Inflation is too many dollars chasing after too few goods. You can‘t increase the deficit by a few trillion and mail out checks to everyone.