--and that's the elephant fornicating in the living room that nobody's noticed yet.
Since the beginning of 2008 the total money supply's increased by half while the total value of America's private wealth has increased by only a fourth. That's +50% more money to buy +25% more stuff; ordinarily that really should spell out big time inflation, yet prices have increased by only a tenth from '08 to now. Money's not moving. If this were a guy seeing a doctor for cramps I think we'd be talking industrial strength laxative.
Money’s not moving. If this were a guy seeing a doctor for cramps I think we’d be talking industrial strength laxative.
LMAO! The “system” is backing up for sure :-)
Inflation observed at the retail level is a subtle psychological phenomenon. There's no question we are mostly in a cautious and money-hoarding mood. But that can change with a lttle government inducd wage-push inflation. It will take years to change the greater psychology and it also depends on avoiding completel collapse.