Thursday, July 04, 2024
The Soviet model.
Massively overspend, create inflation, costs rise for producers. To stay in business, increased costs to do business are passed on to consumers. Consumers are furious over increasing costs. The leftist government threatens to punish producers and restrict any criticism of government policy.
This is what always happens when resentful ideologues take charge.
Nothing beats an economic policy of practical common sense.