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Interesting. Thanks for posting!
Driving up energy costs will certainly spur organic growth! /s
Lance is good to listen to
Thanks.
The inflation we now face may not be permanent, but is going to be painful. Jimmy Carter’s “stagflation” of the late 1970’s is a good parallel in many ways.
By artificially restricting the production and distribution of energy, through regulation and denial of access, the employment situation was greatly exacerbated, just as today the payment of an unemployment compensation which is GREATER than an equivalent wage would be, also discourages full employment. Only when the “pump priming” of the Federal Reserve is brought under control, shall the inflation beast be reined in.
The method used by the Carter Administration was to let the interest rates float, with disastrous results for the real estate market and general business purchases, almost of all which rely on a line of credit based on borrowed money. What was only a chafing inconvenience became the monster that ate much of our urban areas, with block after block of abandoned homes lost through mortgage foreclosure, and many of these blocks simply burning down.