Posted on 09/30/2012 1:40:31 PM PDT by Perdogg
If we look at what's skyrocketed in price (healthcare, college tuition), we find they are government funded and supported. This is not a coincidence.
Inflation is generally viewed as a monetary phenomenon (print money excessively and you get inflation), but let's use a very simple definition: any loss of purchasing power. If your income buys fewer goods and services, for whatever mix of reasons (geopolitical, weather, monetary, fiscal, etc.), that's inflation "on the ground."
Consider this breakdown of the components that together make up the standard measure of inflation, the Consumer Price Index (CPI): (courtesy of dshort.com) What are the obvious major sources of inflation? Energy, medical costs and college tuition.
(Excerpt) Read more at zerohedge.com ...
Still too high. We have to get them down to below China so U.S. companies will stop exporting jobs.
I’m looking at the two basic underpinnings of the economy: price of gas, price of food.
What I see is STAGFLATION of unbelievable proportions.
But hey, I’m just a dumb Pollack pig farmer from the backwash of Pennsylvania.
What the hell do I know?
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