I would point out that while inflation is 4-5% that our measure of “core inflation” which doesn’t include food and energy prices is misleading. I don’t know anybody who doesn’t use energy or eat food. In reality inflation is at least double that.
bump
good work
Good essay, now let’s put on our pointy wizard’s hats and peer into the future:
MIT just announced a breakthrough in the ability to store solar or wind power in the form of separated H2 and O, done by a much more efficient electrolysis process. That coupled with some of the new solar breakthroughs announced in recent weeks, and the sheer amount of money guys like T. Boone Pickens are dumping into alt energy, and we may have something.
The way I see it, there will be new, marketable energy sources coming online over the next 2-3 years. The genie’s out of the bottle now.
Here’s my question- is this sector enough to keep America ahead of the curve? Will we continue our dominance in global markets because of this technology alone? Or is the damage to the dollar and the banking system too much to overcome?
Just for grins, here’s a wild card question- do you see the Amero anywhere on the horizon?