Posted on 02/15/2023 2:51:07 AM PST by EBH
Government spending is the only reason. Author is a shill for the dems
Oh, just stop.
The limited education and focus of those generations may do us in if the corruption of those ahead of them doesn’t, but their spending is not to blame!
A big, prestigious magazine that pretends to be about money doesn’t know anything about what gives rise to inflation: Government creating money from nothing.
Inflation is not caused by consumers. It is caused by the gubmint and banking system increasing the supply of money [including credit $$] in proportion to the goods and services being provided by the economy.
This.
Sneaky way to lower the national debt load.
In WW11 food was rationed.
We should discipline our eating to smaller portions, waste less and eat leftovers. We are so spoiled when it comes to food. Throwing too much away in landfills = polluting our living space.
This is not consumer driven inflation. It is government spending driven inflation and monetizing the debt.
This is Argentina's inflation rate. Same course we're on now. Runaway debt spending means runaway inflation.
Of course I’m spending more! Tends to happen when everything cost more!
“Fortune mag is a joke.”
This article sure is. I’ve graded ninth graders papers with less filler crap than this. Seriously.
Bla bla bla buying houses bla bla.
And the premise, I think it’s if a particular generation would stop purchasing what people of this age group aways needs, we would have to look at some other group to blame because that’s what we communists do. We in the media have our role- we are to persuade the people in demographic groups as a means of blaming, covering up how the government is taking advantage of the people. We deflect blame.
The premise is bs but it’s also brainwashing. Academics has nothing on these magazines and opinion media in leftist brainwashing
Inflation sticks around because there is too much money in circulation, and much of it is simply UNEARNED.
The value of money is tied to actually producing something of value, be it hours of productive labor, the conversion of raw materials into a finished product, or the production of energy from sources that have the potential storage of whatever numbers of BTU’S or therms or watt-hours or other measures.
Making useless baubles of little real value is actually a great WASTE of all this potential capital, but consumer items of greater or lesser value to the user, as they are used up and replaced, are the driving force for growth of any economy. When the effort is put into tools that actually produce MORE tools, this the the greatest multiplier of all.
Because Millenial and Gen Z voting.
THIS COMMENT HAS NOTHING TO DO ABOUT INFLATION. I just wanted to share this with the group.
About a month ago I discovered Peter Zeihan when he was on the Joe Rogan Experience.
Peter’s expertise is in Geopolitics. He gets paid to lecture by corporations all over the country(and world). He also has a YouTube channel.
This am I watched his video about natural gas supplies around the world and its effect on industry. The USA is the number one supplier of NG in the world. This has led to us having cheaper than average electricity costs. It also always us to manufacture FERTILIZER. This alone makes us such a large producer of food that we export it throughout the world.
The Europeans are currently NOT producing Steel or fertilizers because the cheap baseline supply of NG from Russia has been greatly reduced.
This will lead to shortages of FOOD in the world. Africa, Asia(China, Koreas, Japan, etc) all import more food than they produce. This is why China is buying farmland in the USA among other countries. Poor countries in Africa, especially northern Africa will be greatly affected by the lack of food coming from producing counties. This will lead to protests/riots/potentially revolutions in places like Egypt.
Zeihan puts out a video almost daily. He perceives that Moldova will be the next eastern European country that will be taken over by Russia. With their ultimate goal being Romania, Poland and the Baltics. I do not perceive he is a Neocon Warhawk. I think he is a liberal. He also has stated that EVs will never work because of the amount of copper, nickle, lithium and other materials that need to be produced to power the grid for EVs to work.
Another item that he says that do not work are solar panels except in certain locations like where his house is located at 7500 feet in elevation on the front range in CO. This location gets the most days of sun of any place in the USA.
So, he points out that solar panels work well there, but they should not be put in places where it is overcast and cloudy over half of the year.
I would urge all Freepers to check out his You Tube channel.
FYI, I have absolutely no relationship to him. I am not compensated in any way. I am a straight commission commodity trader.
Regards
Inflation is over the long haul, the natural order of things. In the Prince’s coursework, Inflation 101 is always taught. A king must know how to get out of trouble by devaluation.
When there is inflation, there is always an increase in wages and the pain doesn’t last long until wages keep up.
And as a bonus, the National debt is devalued
There’s too much consoomin’ going on out there!
I have been watching Zeihan videos. My impression is that sometimes he is well off the mark. He is seemingly on target a lot however.
As another interesting video source I have come to like Dr Steve Hurley
https://www.youtube.com/watch?v=O9RxT7JS3fU&ab_channel=Dr.SteveTurley
What do you think of his projection that China is in huge trouble from a demographics standpoint?
He said that they are admitting that their population has already dropped 100 million people. That most likely they are lying about that. Therefore, it is most likely their population has dropped MORE than 100 million.
The one child policy is going to be what really kills their country. The covid lock downs made it even worse. They just do not have enough younger people to support the country. He says that China has already topped out economically.
This is also a huge problem for Russia. They have the lowest birthrate in the world. Also, the highest abortion rate.
Unlike the USA and Europe, nobody is trying to immigrate to China and Russia. They only try to leave.
Just think of when Jo Jo the Pedophile brings up “reparations” for foreigners who have been deported. And don’t forget the murderers and rapists who were “falsely” imprisoned only because they committed crimes. They need “reparations” too!
sarc/
Take eggs, a necessity, sure. When they were $1.29 for 18, I bought 18 a week and whatever wasn't eaten, I scrambled up for the pooch.
When they hit $9 for 18. Suddenly not so necessary much to the dog's dismay.
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