(AP Photo/Matt Rourke, File) Four economists at the Federal Reserve say the high rate of inflation in the United States compared to the rest of the world is due to the COVID-19 stimulus checks given to Americans during the pandemic. The direct payments to American citizens enlarged the money supply enormously and overheated the economy.
Larry Summers, the Harvard economist and former Treasury Secretary, has been warning about this almost since Joe Biden took his oath of office. Summers believes that massive government pandemic spending — including stimulus checks — has put too much cash into circulation while the pent-up […]
Read the rest of this story here: pjmedia.com
Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.