Posted on 01/15/2014 2:45:20 PM PST by grimalkin
Food, ammo and fuel.
A third grader could have written this article?
And stay away from the cities.
Author hasn’t priced building materials lately.
There’s inflation. But jobs have gone to hell, so there is less money available to buy things, which keeps prices lower than the feds are trying to make them.
http://www.gallup.com/poll/166850/americans-worse-off-financially-year-ago.aspx
Food, ammo and fuel.
And health, exercise and nutrition.
The article doesn’t discuss velocity of money. As in businesses and peoples hoarding cash or not spending because of the certainty that this isn’t going to end well. The only ‘Uncertainty’ is what the end will look like. Just mho.
I’m doing my part to keep prices as low as possible.
Just because the imperial federal government calls no or minimal inflation does not mean anything.
They would tell you the sun is shining, it's warm and everything is good while they're getting drowned in rain and buried in snow.
Shoes. Shoes have gone up. Some shoes have gone up 100%.
Don’t forget taxes.
Taxes never cease to rise while services I receive continue to drop.
No. The Austrian school doesn't use that term. The Austrians do consider important the effects of the demand to hold money which is implicit in the article's statements.
Wherever the new money flows, it may increase demand in the short run
If the Fed is unsuccessful in spurring demand, that is because the demand for money has increased.
Where is inflation? Just go to the supermarket. A carton of eggs that cost 2.00 last October now costs 3.50. Last October 100.00 worth of groceries could feed a family of three for a week. Today it will feed a family if three for about four days, unless you want to live on beans & rice. Just look at what happened to the price of peanut butter in just a short while. If you haven’t stocked up by now, then it’s too late.
You speak truth there.
And fees. I look at my utility and technology bills every month and the fees, taxes, new costs for environmental things, etc and it's insane. They seem to go up every month.
Fees.
“They *&ok you at the Drive-Thru.”
“Lethal Weapon 2”
Our inflation numbers are like the funhouse numbers we get for employment.
As an example, if your sugar costs the same as it did four years ago, is it the same price? Well, no. If you haven’t noticed, your 5 pound bag of sugar now weighs 4 POUNDS, a 20% difference. Only now that same short weight 4 pounder is also going up on ITS shelf price.
Ice cream no longer comes in a standard half-gallon container, and your peanut butter jars and cereal boxes have also shrunk. I only mention these because they are some of the more commonly purchased items.
So someone has been playing hide-the-ball with REAL inflation figures, and its been going on right in front of us. I just wonder at what point this disguised real inflation begins to affect interest rates.
I don't understand this statement. I'm an average schmuck and my salary probably increases each year maybe 2-3% depending on bonus results. So I don't see that this "new money" flowed to me.
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