I don’t care what it’s called; inflation, deflation, stagflation. Prices are up considerably from a year ago on food products, etc. My money is worth less.
I’m with you. Forget the charts, analysis, mumbo jumbo.
Food,waaay up. Fuel, waaay up.
The 2 biggest variable bites in a budget.
Inflation waaay up.
Yes! And that's the common-sense definition of inflation. So we are in a (mildly so far) inflationary period.
Now, the author defines inflation as "a net increase in money supply and credit, with credit marked-to-market".
That's a silly nonsense statement and not useful to anyone who lives in the real world.
Don't believe those lying pricetags, the author has all his little charts and stuff.
He's mistating positions, at least mine: Which is at some point in time, somehow all of this currency that has been created MUST find a home other than where it's being horded. Once that happens - whether the money goes into commodities, goods, lending, hiring whatever - prices absolutely must rise.
To think otherwise is to reject the sciences, like math and the law of gravity (what goes up must fall somewhere.)
If you think that food prices are up, go talk to the owner of any restuarant that has done a Groupon deal.
You’ll get an earful.