From the SAME PEOPLE (Democrats) that brought you the ridiculous, absurd, $1.7 Trillion Dollar lie of "The Inflation Reduction Act"
Our senator is blaming big corporations for inflation in his campaign ads. He needs to look in the mirror.
Inflation is the creation of more dollars than the Gross Domestic product.
Inflation is caused BY ONE THNG ONLY: GOVERNMENT PRINTING PRESSES.
Not that difficult to understand. Too many dollars in the money supply which lessens the value of the dollar.
Econ 101 & 102.
I skimmed the article and may have missed it....but even here the cause of inflation is either missed or maybe is not even understood.
Screwing around with the money supply is absolutely no cure for inflation.
The only way to end inflation is to produce more goods. m Inflation is caused by the supply goods being insufficient to meet demand. Period.
Any 12 year old kid raised on the farm knows that when the money crop has a bad year due to weather, thus creating a shortage of that product, the price will be high.
The next year a bumper crop or perhaps over planting by too many farmers, the price will drop...sometimes to the point that production costs will not be retrieved.
There is no other way to lower or eliminate inflation other than to remove the idiotic restrictions on farming and manufacturing.....and “encourage” people to work.
The gobblygoop the FED and its worshipers peddle, constantly repeated by those who consider themselves intellectuals not only will not end inflation, but will make it worse.
100 years of history should make that clear.
Apparently the author has forgotten Econ 101.
Neither of his lesson are taught in Econ 101.
I am hearing more and more from drive time and Sunday radio shills talking up the economy. Jobs are really good right now, inflation isn’t so bad and that there is more and more confidence and good feeling about the economy - blah, blah, blah.
Bullshit. I saw gas go up in the span of 3-4 weeks 50 cents/gallon. Grocery store prices still high and higher, utility and service bill rates still up and increasing.
Lies, distraction and diversion - all of it to try and get that demented fool reelected.
Milton Friedman says:
“There is one and only one basic cause of inflation: too high a rate of growth in the quantity of money.”
Government is the only entity authorized to issue currency.
Did prices ever go down after Carter played this game? NO they DID NOT and they will NOT go down this time either.