Old news. From a Mad Magazine in the 1960s:
Posted on 01/16/2013 10:48:17 AM PST by arthurus
The basic notion that more money, i.e., inflation, causes higher prices, i.e., price inflation, is not a uniquely Austrian view. It is a very old and commonly held view by professional economists and is presented in nearly every textbook that I have examined.
This common view is often labeled the quantity theory of money. Only economists with a Mercantilist or Keynesian ideology even challenge this view. However, only Austrians can explain the current dilemma: why hasn't the massive money printing by the central banks of the world resulted in higher prices.
(Excerpt) Read more at rightsidenews.com ...
Agreed, but there is no growth. And the growth would have to be independent of the other 3 variables.
For example, if M and V were fixed, but Q grew, then P would have to decline in order for the equation to work.
Prices can decline when lots more stuff is produced and money supply and velocity are static. That would be a “same number of dollars chasing more goods” scenario. Prices for the same goods would drop.
(P.S. - I know this is about the second layer of Macro Economics. There are further refinements beyond this explanation.)
Bought groceries lately, or paid healthcare premiums? Dollars buy less everyday, but inflation doesn’t exist. It’s a strange world we live in, the way we figure things.
It’s in China.
We print money, and use it to pay China for goods. In order to maintain a fixed exchange rate, the Chinese government has to print Chinese money. This causes prices to soar in China.
Eventually, of course, they’ll have to charge us more for their goods.
Old news. From a Mad Magazine in the 1960s:
I’m seeing REAL inflation at the grocery store. Prices are substantially up.
Figures lie and liars figure...
>>Where Is the Inflation?<<
To state the obvious - It’s at every supermarket, food warehouse and retail store in America.
Every week prices on foods go up and up again.
Example:
Last spring a 50 lb. bag of pinto beans at the local wholesale food warehouse was $18.
Yesterday the same bag of pinto beans were $37.
A 50 lb. bag of red beans has now risen to $49.
I’ve seen it in freerepublic before that the method of calculating inflation has changed over the years. According to John Williams of shadowstats.com, if inflation was measured the same way that it was back in 1990, the inflation rate would be about 5 percent right now. If inflation was measured the same way that it was back in 1980, the inflation rate would be about 9 percent right now. But instead, we are expected to believe that the inflation rate is hovering around 2 percent.
I guess this was done to prevent the sheeple from knowing how bad things really are.
You can thank the EPA for that.
Economic theory goes out the door when the federal government tries to control natural law.
Just google “Stagflation”.
FWIW, the classic symptoms of Stagflation are almost exactly what we now have.
It is just that the media refuses to attach such a critical lable to Obamanomics.
When you have classic Stagflation you have:
1 - High Inflation
2 - The economic growth rate is slow
3 - Unemployment remains high
Sure sounds familiar, doesn’t it?
i think gas cans are expensive because they have to be manufactured with the special “spill proof system” on the nozzle instead of just a regular spout.
I've bought a couple of those new, impossible-to-use gas cans. I just remove the whole nozzle assembly and use a funnel when I have to refuel my snowblower. So much for helping the environment.
I still have the old cans for my mower and emergency storage, but I had to buy a new one for the two stroke gas/oil mixture.
Everything I’m buying has gone up in price considerably.
So other than rising prices, I see no inflation.
The price of guns and ammo seems to be going up.
The largest US supplier (Blitz) was put out of business by the tort lawyers.
Are you trying to say the OP doesn’t know beans? ;)
Blitz, once the biggest cas container nmanufacturer in the USA, has gone out of business because of the EPA regulations that make it impossible to profitably manufacture compliant gas cans at a reasonable price.
The Oklahoma factory has closed putting 117 people out of work.
See:
"Blitz USA manufacturing plant in Miami to close in July"
"A Factory’s Closing Focuses Attention on Tort Reform"
If you can find any old stock Blitz water cans they are basically the same can as their gas cans except for the color and are (were) about 1/3 the price.
From the article: “It would seem that the inflationary and Keynesian policies followed by the US, Europe, China, and Japan have resulted in an economic and financial environment where bankers are afraid to lend, entrepreneurs are afraid to invest, and where everyone is afraid of the currencies with which they are forced to endure.”
What the EPA regulation was REALLY about was putting the old can manufacturer out of business and replacing them with a friend of Soros.’
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