Does the FDIC guarantee even mean anything when all Federal agencies are being gutted, and no one can expect to be compensated? With what Trump and DOGE are doing to the Treasury, and the moves they’re making both foreign and domestic, ripping up the Democratic system of Checks & Balances, and tearing asunder the post War world order over the objection of nuclear armed European nations.
Iirc, people in Soviet breadlines had money, but supply was limited and prices not allowed to follow demand. Money to spend, but nothing to buy.
Correct. When there isn’t enough bread to go around, it doesn’t really matter if everyone has money.