Tag: inflation
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Why we suddenly feel the effects of inflation
Inflation isn’t something that just happened. It’s been happening. It’s been rising for decades and government has been misinforming the public. Since the Ronald Reagan Administration the U.S. Government changed the way consumer inflation is calculated. In fact, inflation has been above 5% consistently and probably close to 7% on average until 2020. In 2020 […]
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Economic professor suggests price controls to curb inflation
Talk about idiotic. How do these people get economic degrees, let alone a professorship in the subject, when they have nonsense ideas like price controls. Today, there is once more a choice between tolerating the ongoing explosion of profits that drives up prices or tailored controls on carefully selected prices. Price controls would buy time to deal […]
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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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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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Inflation infected my burger
Ivermectin war on Wikipedia, Jen Psaki is tone deaf, inflation is affecting supermarkets and my cheeseburger, and I travel to Chicago to visit my father.