Posted on 07/25/2022 3:54:38 PM PDT by DFG
Very interesting. Thank you.
luckily, Ron Desantis is trying to put a stop to that in FL...
It's called 'free market' and 'supply and demand'.
Thanks Joe Biden.
Thanks Adam Smith.
Pretty much nailed it.
Adam Smith had nothing to do with the root causes of inflation. Biden and the leftists contributed significantly to a doubling of gasoline which alone is a huge component in this unnecessary inflation.
A few months after he bought an old trailer park in the mountains a guy I worked with told me, “never buy rental property where you have to collect the rent weekly”.
Someone, buying trailer courts and jacking rents just seems real mean, spiteful.
We've had periods where the cost of oil was higher than it is now and inflation was a fraction of its current rate. The causes of inflation are more complex then you realize.
Of course - inflation is a complex multi-variable equation. I have dealt with complex things all my life.
But we know that a doubling of gasoline in a short period of time by itself will cause inflation as it infects the whole supply chain. There are many root causes at play but Biden’s regulations shoulder much of the blame.
It is a factor in the current rate of inflation. But as I have said, we've had periods with higher oil prices but much lower inflation rates so your insistence that it is driving our current inflation rates is not necessarily correct.
There are many root causes at play but Biden’s regulations shoulder much of the blame.
There are many factors at play, that is true. For our current inflation it's likely that the seeds were planted when Trump was in office. Biden's policies certainly haven't helped and likely made things worse. International supply chain issues, COVID shutdowns, Ukraine, all play a part.
Doubling gasoline in a year or two is not just “a factor”. LOL It is a major inflation trigger.
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