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Kevin O'Leary Warns $2,000 Cheques In 'Trump Accounts' Could Send Inflation Back To 9%: 'Terrible Idea' [Yahoo! Finance]
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Accounts' initiative, labeling the concept “helicopter money” that risks reigniting the country's battle with soaring inflation. In a video shared by him on X, he reacted to the proposed payouts, arguing that the U.S. economy cannot afford another injection of unearned cash. Drawing a direct parallel to pandemic-era stimulus, he stated, “We tried that during COVID and it drove inflation straight up to 9%.” According to O'Leary, the average American family is still suffering the consequences of that policy through persistently high prices for “groceries, protein, and everyday essentials.” Don't Miss: Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom Have $100k+ to invest? Charlie Munger says that's the toughest milestone — don't stall now. Get matched with a fiduciary advisor and keep building He insisted that the priority must be cooling inflation down toward the Federal Reserve's 2% mandate, rather than introducing new liquidity t
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