A California & New York bail out would DESTROY our money’s worth
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Incoming President Biden is expected to sign yet another big COVID bill, and this one may take a step closer to bailing out not only big businesses and the labor unions but also big states that have been failing due to restrictive lockdown policies (like California & New York). Glenn explains why potential moves like this from the federal government will DESTROY the value of your money until it becomes completely worthless: “You can’t just debase the monetary system.”
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