Steve’s Barking; Will the U.S. head the way of Zimbabwe?

 What the hell👹 ? Well to put it  this way Robert Mugabe saw that the whites in his country had most of the good farm  land. Now this wasn’t fair after after all the whites in Zimbabwe were interlopers who took the land from the native country tribes. Sooo, he in his wisdom decided to take over the fertile farmland and give it back to the original people. Now getting on with this story Zimbabwe was self sufficient. It was so self sufficient that it was known as the bread, basket of Africa. Now getting on with this story, the new farmers didn’t do a very good job at farming, in fact they were so bad at farming they couldn’t feed the people of people of Zimbabwe. Hmmm 🤔 what happens when the “needs”of the people aren’t met.My interpretation is that that you get run away inflation. So there you have it in a nutshell just giving something that’s may be  justifiable correct can do unbelievable harm to those who should be the beneficiaries of what should be benefiting the most………………………………………………………….

Now wtf 😳 has this morality  tale have anything to do with the United States 🇺🇸? Well there is talk ( or in some cases more then talk) of reparations for the descendants of African slaves. Now on the surface there is nothing wrong 😑 with this, except that the giving of money 💰 for restitution for descendants of an evil 👿 that happened over 150 years ago is not a sound economic idea 💡. In fact it’s a terrible 😣 idea 💡. (1) It doesn’t add any value of goods and services. ( 2) Because it doesn’t add any value to goods and service. (3) The flooding of money 💰 into the economy would be highly inflationary. (4) The resentment of the rest of country very possible turn the economy into a barter system or worse were the American dollar 💵 would not buy anything but bitcoin type of currency or even a foreign currency would be used.(Long live the Yuen).

***I’m one who believes that printing money 💰 by the Fed isn’t necessarily inflationary as long as goods and services is being produced. Giving money 💰 were the is no additional value or additional value in the future is a bad idea 👎 in my simplistic opinion.