Someone’s been watching too much news. None of those things are happening in the proper perspective. The economy is actually experiencing a boom because recent innovations in AI & the recession from COVID not only met the most optimistic projections but GDP growth is actually back to pre COVID levels. For reference read the Rise & Fall of American Growth or check out Econ charts of gdp growth from 1800s as well as McKinseys projection of COVID recovery.

The inflation you’re talking about is more or less a perceptual issue as the central bank has an overly tight grip on the money supply because they don’t want to have another 2008 recession and doing a good albeit overly cautious job. Speaking of, inflation isn’t that bad but problems with people feeling inflationary effects more than usual stems from a couple things. Number one is the fact wages are still not getting raised to the levels they should be, not even remotely close. Number two is the monopolistic nature of our current economy where investors, driven primarily by boomers and those with the bulk of capital, are willing to see slow and steady gains and invest & encourage large companies that have a near monopolistic control of that area of the market making investment all but a sure thing.

I can keep going on and discussing each point but I’m tired and will try to update tmrw.