Insight - Mar. 5th, 2021
Insight
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06-Mar-2021
How long can the United States sustain its debt? Today on Insight, John and Josh Rosenstern discuss the economy and the latest stimulus package; package number three is being addressed in Congress. Brother Josh explains that when more money goes out, prices will go up. Inflation means paying more for goods, services, and gasoline, and seeing more taxation; this money will be needed to answer to our growing government debt. When money is added to the money supply, the value of our money goes down. Brother John says this will result in hyperinflation because the government must pay interest on the money it borrows.
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