Tag: Economics
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Trillion dollar platinum coin to avert debt ceiling issue? Heck print 100 of those puppies!
In the latest round of stupidity and proof our money isn’t worth anything other than what the government says it’s worth, a former director of the U.S. Mint says the United States could just create a trillion dollar coin as a bridge loan to avert a debt ceiling crisis. They should just print 100 of…
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Supermarkets stock up to protect profits from inflation
Nah, inflation isn’t happening. After all Sleepy Joe told us our 4th of July cookout cost us $0.16 less than last year. Sure, he ignored the 8% increase in cost over 2 years ago because it was inconvenient. The nation’s supermarkets also must not be living in reality. They are stocking up at current prices…
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President Biden misleads public on cost of 2021 4th of July cookout
The Whitehouse’s tweet says a cookout in 2021 costs $0.16 less than in 2020. Trying to tamp down inflation fears by saying prices are not rising. If you look at the source of the information used in their misleading video they say the price of that cookout is 8% higher than 2019. Farm Bureau analysis…
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Technology rapidly replacing restaurant staff
Just say no to hiring. Competing against the federal government in hourly pay is a no win situation. Private business can’t compete against an entity that doesn’t have to turn a profit and has the ability to print money at will. High end restaurants might still need a wait staff but places like Cracker Barrel,…
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Minimum wage increase cause business to compensate… Go Figure!
File this under DUH! A business exists to make money. If it doesn’t make money it goes out of business. That’s it… end of story. When the cost of labor goes up the business’ profit goes down unless adjustments are made. One of two things have to happen. Either find a way to reduce the…
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U.S. digital dollar is coming
If you’ve been paying attention you could see this coming down Main Street for the last 10 years. This video from the Wall Street Journal, to me, shows that we are rapidly heading down the path of digital money. The implementation of this will be something to watch. No longer will we be able to…