gladstein on Nostr: The “China was ripping us off” is such a gaslight US policymakers intentionally ...
The “China was ripping us off” is such a gaslight
US policymakers intentionally designed a system where we could get cheap stuff and labor from China to reduce inflation and costs of living here in America
The CCP has happy to play its part but this was intentional
We aren’t a victim here, we got to buy unlimited stuff with debt issuance with China as the factory with lower wages that we could possibly have here
Take China away and we have crazy inflation after the Great Financial Crisis
Today the system is wobbling, and needs some kind of reset, but don’t let them fool you into thinking we were getting “ripped off”
US policymakers intentionally designed a system where we could get cheap stuff and labor from China to reduce inflation and costs of living here in America
The CCP has happy to play its part but this was intentional
We aren’t a victim here, we got to buy unlimited stuff with debt issuance with China as the factory with lower wages that we could possibly have here
Take China away and we have crazy inflation after the Great Financial Crisis
Today the system is wobbling, and needs some kind of reset, but don’t let them fool you into thinking we were getting “ripped off”