Posted on 09/25/2022 11:28:33 AM PDT by T Ruth
If you aren’t already concerned about the impact of Bidenflation (and you should be), you definitely will be after recognizing how the consequences of unchecked inflation affect much more than just the thickness of your wallet.
This year, inflation is set to cost the average American household an additional $11,500 just to maintain their standard of living, but that’s not all there is to it. Inflation is systemically destructive and as Dr. Thomas Hogan ... points out, “one of the biggest reasons for runaway inflation is the false premise that it’s actually good for the economy.”
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“Hazlitt was right,” says Hogan. “Inflation obscures the economic process — and it’s definitely not necessary for growth.” In addition to weakening American spending power, “inflation can also have the negative side effect of slowing GDP growth. That’s no small matter.”
… In the latest issue of AIER’s Inflation Nation newsletter, Hogan lays out five hidden costs of inflation ...:
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4) Lower Productivity | The instability of the price level during inflationary periods creates uncertainty about the future, so businesses are less likely to hire more workers or invest in long-term projects. Lower investment in factories, equipment, research and technology reduces the rates of productivity and economic growth.
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5) Misallocated Resources | Inflation can mislead businesses to overinvest or to invest in the wrong types of products, leading to wasted resources. [Hogan’s] colleague Peter C. Earle said it this way on a recent…podcast,…”When monetary expansion causes price inflation…the information content of prices is reduced…It’s much more difficult for entrepreneurs to figure out what the best use of resources is and in turn, it’s very difficult to determine whether a given [product] is going to be profitable or not.”
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(Excerpt) Read more at pjmedia.com ...
The suggestions for mitigation are not bad, but they ultimately are just band-aids.
If we kill our economy to SEND A MESSAGE to Putin about cleaning up his backyard, what’s the downside?
No one wants to sell. Do they have the price right? It will be higher, tomorrow.
In the 70’s we didn’t have all of this “technology” to sell - computerized, instant pricing. Now, we do. I expect stagnation to set in rapidly.
And that is exactly what we are doing. All those “sanctions” have backfired wildly. The repercussions will last for decades. The motivation for most of the world to knock the dollar out of the reserve currency standard has never been higher, and now it’s just a matter of time until this happens.
“The motivation for most of the world to knock the dollar out of the reserve currency standard has never been higher, and now it’s just a matter of time until this happens.”
That doesn’t seem to bother the Neocons. I suspect the way they see it is that they either ‘win’ against Russia, or have WW3, where there won’t be any reserve currency, or any currency, for that matter.
So what’s the downside for them?
Nothing to worry about, we won’t run out of money, they can and will print everything we need. On another note though, WAR has always been the preferred method for Government and the Moneychangers to clean up their intentional devaluation of the Nations currency
1) Higher Search Costs
Diana’s Solution: I’m not buying a THING other than food and as little gasoline as needed. This worked well for me during 0bama’s Reign of Error.
2) Higher Menu Costs
Diana’s Solution: Little to no restaurant meals. We live very rural, so it’s less than convenient to go out to dinner. Both of our birthdays have already passed this year; we did not go out to celebrate either.
3) Higher Planning Costs
Diana’s Solution: I have never, in my entire adult life, lived WITHOUT a Budget and have always lived below my means. It can be done! See Dave Ramsey for guidance. :)
4) Lower Productivity
Diana’s Solution: INCREASE productivity at home! Doing whatever we can for ourselves that we might hire out. We need new porch railings. They’re purchased, (18 months ago) but we’ll install them ourselves. Our deck needs staining. We power washed it ourselves, purchased the stain (18 months ago), so, as with the railings we saved inflated prices on that, and our Foster Son is going to do the labor. Currently finishing up the canning from garden produce this season.
5) Misallocated Resources
Diana’s Solution: Allocate resources you already have on hand. Invest in your pantry. Re-think what you eat. Learn to cook; at least learn to make a pot of soup and bake a loaf of bread. Repurpose things. Patch that pair of jeans that have a hole in them. Reload your own ammo. Darn those socks, LOL! ‘Use it up, wear it out. Make it do, or do without.’
Many of us have been down this Socialist Democrat-induced ‘Road to Perdition,’ before. Beat them at their own game. Knuckle down and don’t be part of the problem.
P.S. Let’s Go, Brandon! :)
“Use it up, wear it out” I’m doing that with bath towels. The towels I use to dry myself are a little rough around the edges(frayed), but I’m making them last.
That doesn’t seem to bother the Neocons. I suspect the way they see it is that they either ‘win’ against Russia, or have WW3, where there won’t be any reserve currency, or any currency, for that matter.
= = =
Sell your gold and silver.
Buy Uranium.
Keep an eye on bed. Bath and beyond
They might have some gooddeals
MY wife and I say 'Ditto!'
Exactly. ‘We The People’ need to hunker down and weather this storm.
It will pass. :)
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