One reason and one reason only for inflation: government printing presses printing more money than the annual GDP - increasing steadily since about 1900.
Stop unconstitutional government and you’ll stop inflation in its tracks
till the pig works it’s way thru the snake
And yet our “geniuses” at the Fed and Treasury tell us the trillions in new spending Bare Shelves Biden wants will be “anti inflationary”.
We’re just at the beginning stages now.
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Correct. An inflationary fire storm is coming.
Would going back to a gold standard stem inflation? (Please forgive my ignorance)
“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.”
Vladimir Lenin
Good, inflation beats deflation any day. The only difficult period I had was that short time when there was no inflation.
Inflation at 14.5% under Carter? I did great.
It’s here to stay? Even better if true, makes investing easier.
Now can I hasz another housing crash? I’ve sold most of mine off and I’m ready for a chance to reinvest when prices come down. Probably won’t be as good as the 2008 crash but anything helps.
I agree there is little to no room to hike interest rates as borrowers would easily get sunk in the mortgage market. Inflation has been here though for a long time is you follow Shadow Stats.
Webster.com puts the price increase first: "a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services"
I’ve noticed little stickers of a laughing Biden on gas pumps at a couple area gas stations. I asked the asst. manager at the convenience mart at one station if they found that a problem. She said (paraphrasing), “No, then people blame who’s responsible instead of us.”
IMO, “Let’s go Brandon” stickers should be next. ;-)