Tag: Economy
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Venezuela is our future if we don’t stop the march towards socialism
Venezuela nationalized most of their big industries. Government pushed out the private sector in the name of equity and fairness for the people. The standard definition of socialism is “government ownership of the means of production.” When government takes ownership of the means of production, that is called “nationalization.” So the more a government nationalizes,…
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Higher wages… less purchasing power. The Biden inflation legacy
I doubt the $15 minimum wage promoters will understand that you can get paid more but make less in the end. I’m sure the Biden administration will print up more money to pass out. That’ll solve the problem. Real (after inflation) average hourly earnings have declined for seven consecutive months (overall 2%) and nine of…
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Investors may finally be learning that China is no place to invest
We should have never started conducting business in mainland China. Communist countries are closed boxes where everything is owned by the government regardless of how much they make it appear they do not. An article in the Wall Street Journal lays out how the Chinese government changed their regulations making it impossible for one type…
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Inflation starting to look a little sticky
I’m starting to lean towards the notion that this will not be a transitory inflationary period. If a federal $15 minimum wage comes to pass combined with further climate change regulations there is nowhere for costs to go except up. “In an environment where inflation continues to rise quarter after quarter after quarter, there are…
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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…