Bad citizen bad for having accumulated "excess savings". Hoarding your own money!
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How dare people save money during times of government totalitarianism? They should spend it all on our cheap chinese crap.
I mean, saving money during mega-inflation due to Biden's attempts to destroy the economy is a super bad idea.
If anything, you should be taking out loans and buying real estate because it will be cheaper to repay after inflation.
That and if the economy collapses, you'd never have to repay the loans.
I can certainly understand that perspective. Just don't exchange one's currency for useless items. I am also not sure if the U.S. dollar will enter a deflationary period at some point. I have no idea what is going to happen tomorrow or six months from now; so, I can only trust my instincts.
If the economy collapses (which I am surprised it hasn't everyday I wake up), we will have much bigger problems than how much currency one has.
I am 100% sure that, outside of a complete and total overthrow of the GAE by radical Austrians, the dollar will never have a deflationary period.