Seventh Note to “The Schumer Shutdown”

Someone also mentioned how inflation is the number one concern for Americans at the moment. Inflation is the result of two things: printing and spending on one hand, and global population growth and rising global demand on the other hand. So how do you address inflation? Print less and spend less. Simple. Inflation is one of the two basic pillars of the world economy. The other basic pillar is interest, with ‘interest’ defined as the price one pays to take a loan. If I give someone a dollar and then they give me back that dollar in a year or more with no interest, it would amount to a loss for me as the lender in this case. So there’s a price to pay for borrowing! The lender sets a price for the loan they give! And that price for a loan is known as ‘interest.’ Money 101. Or ‘Money for Dummies.’