Well I HAD plans this summer, I think I will spend this spring checking on sales and copupons for canned goods...
Maybe invest in some good hiking gear, gotta go over my plan to get out of the city under cover of night and make it back to my Parent’s farm...
Wait...... I read on Free Republic that real inflation is 20%+ not the made up sub 2% number so this article is obviously bogus.......
“the Fed’s 2-percent target would be a small price to pay for bringing the U.S. economy back to full employment quickly, “
Because everyone deserves to work 29 hours per week.
In what idiotic school of economics does Inflation reap a benefit for the citizens? For the Government, yes! They can pay off their debt with cheaper money. For everyone else, not so much. Even the government suffers if they go down that rabbit hole. Their costs go up too.
Hyper-inflation is what helped cause Carter’s defeat.
Obama has managed to keep hyper-inflation down, or at least out of sight. He can only fend it off so long. When it does hit, it will make Carter’s hyper-inflation look good, in comparison.
Oh, how I wish more people could see the inanity of insisting that we must devalue the currency, rob people's savings, make the rich richer, make the poor poorer, and entice more into debt.
What sort of idiot can think that's what it takes to create prosperity.
Probably what this means is inflation is going to
run wild and there isn’t any thing they can do to
stop it.
Those stupid bastards!
Went to the Benjamin Moore paint outlet down the block in NYC last week to get one gallon of latex gloss white paint for remodeling the bathroom. It was bad enough when the shelf price tag for the stuff read $67. Sheesh! But when I went to check out, the clerk matter-of-factly said that’ll be $100 and change. Price hike, wouldn’t you know. When I protested, he grudgingly agreed to give it to me for the shelf price, and then promptly tore off those stickers to prevent another sale at that price.
Oh no. There’s not much inflation. Sure.
Following the Feds idiotic logic, Zimbabwe should be a model economy with full employment.