Year after year, the federal government has spent more than it takes in. Now the debt has piled up past the point of no return; there’s no longer an expedient way to reverse course.
But don’t worry. The eggheads have a plan…
Guided by eggheads, the U.S. government, and by extension the American people, are fully committed to a program of currency debasement to inflate away the debt problem. The eggheads believe executing an implicit default via inflation is the easier and softer way.
Over the last 90 years politicians have promised something for nothing. And voters obliged them. Thus, eggheads from Benjamin Strong to Alan Greenspan, from Robert Rubin to Ben Bernanke, from Janet Yellen to Jerome Powell, and every egghead in between, have put their egghead minds to the task of how to deliver…
Countercyclical stimulus spending. Interest rate suppression. Quantitative easing. Operation Twist. Yield curve control. Elastic currencies. Money shuffling. Inflation targeting. Modern Monetary Theory. Smoke and mirrors.
Astronomic, reckless debt that can never be paid off, all for socialist, interventionist, piñata party, Great Society, nose-in-the-trough, toga party, New Deal, trust us, fly-in-the-face-of-common-decency, cultural Marxist, nature-defying, wipe-every-nose, free-range chicken, diversity-is-our-strength, chase-your-tail, leftist bullshit.
 “QE, MMT, YCC, Smoke & Mirrors: Exposing The Great Egghead Caper.” By MN Gordon, ZeroHedge, 2/20/21 (emphasis removed).