“Millions in California to Get up to $1,050 in ‘Inflation Relief'”
June 28, 2022
“California Governor Gavin Newsom announced late Sunday night that he had reached an agreement with state legislators on a $17 billion “inflation relief package.”
“Millions of Californians will be receiving up to $1,050 as part of a NEW middle class tax rebate. That’s more money in your pocket to help you fill your gas tank and put food on the table,” he tweeted…”
https://finance.yahoo.com/news/millions-californians-receive-1-050-145724808.html
This is not a good idea. Printing money will make inflation worse not better. This is something I will never understand. Every country that has problems with inflation will eventually go on a money printing spree. It’s historically proven to fail. The same thing is going to happen no matter how many times this process is repeated. The sad part is the average person doesn’t understand this historical fact. The end result is a perfect combination of pain and suffering.