Monetary crisis: Is the Fed to blame?
Our political leaders told us that inflation is transitory, the Banking System is fine, and that deficits don’t matter as Modern Monetary Theory allows us to print as much money as we need to fund deficit spending on welfare (for the 51% of voters who do not pay taxes). They have also taught our youth that the reason why wages have failed to keep up with the cost of food, energy, shelter, public education, etc. is because Capitalism (free markets) has failed.