It never ceases to amaze me how little Democrats understand basic economics or even mathematics. Inflation represents a change in prices. Once those prices go up, they tend to stay up, even if inflation goes to zero.
If a something costs $100, then inflation of 9% in one year raises that to $109. Even if the next year’s inflation rate is 0%, the price stays at $109. More likely, the inflation rate drops to, say, 3%, so the new price is $112.27. That’s how inflation works.
The President has no authority to lower prices. Only through support of the free market system, elimination restrictions and lowering taxes, can prices come down.
That’s what Donald Trump will do. I have no idea what Biden will do.
Food prices are no higher than what they have been. What has changed is the value of the dollar.
!N 2000, you could buy an ounce of gold for 300 “dollars”. Today that very same ounce of gold is over 2300 “dollars”.
What has changed? Gold (or any other product) doesn’t appreciate in value, the change is in the value of the dollar. Why did the US greenback become the world currency after WW2? The “dollar” was interchangeable with real money, silver and gold. Today’s fiat buck is backed by nothing.
Next time you negotiate an employment contract, demand to be paid in something whose value can’t be manipulated, as in gold, silver, or anything with real value.
Do you remember the fellow that woke up 100 years in the future? He immediately checked his bank balance and found out he was a millionaire several time over, than the operator came on and told him to deposit 200,000 “dollars” for the next 3 minutes (this was a very old movie). We are well on or way to this end.
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It never ceases to amaze me how little Democrats understand basic economics or even mathematics
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The Uniparty, as they continue to push toward Totalitarianism, understands the People are STUPID and will blindly support “our guys/{X}” as ‘good’ & castigate {Y} as ‘bad’.
“Oddly” missing, the (R)N(C) milquetoast ‘push-back’ that will 1) appear to be exceedingly tone-deaf, turning off voters while being THE ‘talking point’ for days/weeks & 2) fail to address the root issue (aka: G-O-V-T)